July 16, 2020 / 2:25 AM / 22 days ago

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

FILE PHOTO: Chinese President Xi Jinping attends the closing session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China May 28, 2020. REUTERS/Carlos Garcia Rawlins

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

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