NDRC sees long-term stability

Regulator says China will contribute to one-third of global growth this year

China is "confident and still more capable of" achieving long-term stable economic development with plenty of favorable drivers and increasing signs of upswing in recovery this year, said the National Development and Reform Commission and industry experts on Wednesday.

The top economic regulator said in a note that the Chinese economy has overcome difficulties and challenges and withstood downward pressure over the past months. Despite a zigzag path, the economy is advancing.

China remains "the largest engine of global growth", and will contribute to one-third of the world's economic growth this year, it emphasized.