Experts, execs confident in China's growth

Summer Davos attendees told that nation's economy 'on the upswing'

China is poised to meet its annual growth target of around 5 percent this year, given strong policy stimulus and the gradual recovery in confidence and expectations, experts and global entrepreneurs said on Thursday at the 15th Annual Meeting of the New Champions, also known as the Summer Davos.

The world's second-largest economy is a key source of global demand, playing a significant role in driving the world's economic growth and offering growing opportunities for global stakeholders, they said at the event held in Dalian, Liaoning province.

Despite pressures and mounting uncertainties at home and abroad, they said they believe that China has the capabilities and conditions to deal with structural issues and foster new quality productive forces in the long run.