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China's long-term economic growth fundamentals will not change - President Xi

Reuters
·1-min read
FILE PHOTO: Chinese President Xi Jinping attends the closing session of NPC in Beijing

BEIJING (Reuters) - Chinese President Xi Jinping said China's long-term sound economic growth fundamentals will not change, the official Xinhua news agency reported on Thursday as China reported better-than-expected second-quarter growth.

Xi made the remarks in a letter to global CEOs, the report said. It did not provide other details.

China's economy grew 3.2% in the second-quarter from a year earlier, data showed on Thursday, recovering from a record contraction as lockdown measures ended and policymakers stepped up stimulus to combat the shock from the coronavirus crisis.

(Reporting by Beijing newsroom; writing by Se Young Lee; Editing by Shri Navaratnam)