Experts, execs express confidence in Chinese economy

Global executives and top economists voiced confidence in China's economic resilience and long-term growth potential on Tuesday at the 16th Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin.

Despite external headwinds, participants said that the robust performance of high-tech sectors, a steady recovery in consumer demand and robust policy measures continue to anchor optimism regarding the world's second-largest economy.

The upbeat outlook accompanied the start of the three-day forum, themed "Entrepreneurship for a New Era". Premier Li Qiang will deliver the opening remarks at the meeting on Wednesday, meet with foreign guests and have a conversation with global business leaders.