Stabilizing economy augurs well for global growth

Rebound of trade, investment, manufacturing, and tourism boom key positives

China's economy is showing fresh signs of stabilization with a solid first-quarter performance this year, laying a strong foundation for achieving its preset growth target of around 5 percent for 2024, said economists and global executives.

Expressing confidence in China's economic trajectory, they said they foresee the nation maintaining its pivotal role as a primary contributor to global economic growth in 2024.

They, however, also cautioned the latest economic data showed a mixed picture of recovery, and advocated intensified endeavors to bolster domestic demand, address structural challenges and continuously deepen reforms and opening-up.