China posts steady 4.7% growth, defies global headwinds
China’s economy expanded by 4.7% year-on-year in the first half of 2026, demonstrating resilience amid global uncertainty and reinforcing its role as a stabilising force in the world economy, according to official data cited by Xinhua. Figures released by the National Bureau of Statistics (NBS) showed that GDP growth moderated slightly in the second quarter to 4.3%, down from 5% in the first quarter. Officials, however, said the economy continued to operate “within an appropriate range” despite mounting external pressures. Officials attributed the second-quarter slowdown to short-term factors and external influences, maintaining that the broader trajectory of innovation-driven and high-quality development remained intact. China has set a full-year growth target of around 4.5% to 5%, with policymakers expressing confidence they will meet or exceed it. The steady performance in the first half, they said, has laid a solid foundation for achieving key annual target...