China's Foreign Ministry spokesperson Mao Ning. Photo: Chinese Foreign Ministry

China will continue to bring strong momentum to global economic growth and provide more opportunities for global development with its own stable development, China's Foreign Ministry spokesperson Mao Ning said on Tuesday, in response to the recent Western media hype over whether China's growth is about to peak.

The remarks by the spokesperson at a regular press briefing strongly refuted the so-called "China peaks" rhetoric, as the country's economy is now on the fast lane to recover.

The Chinese economy is healthy and sustainable, boasting strong resilience. The country's economy did not collapse as predicted many times ever before by the "China collapse" theorists in the West, nor will it peak as being forecasted by the "China peaks" theorists.

"Facts speak louder than words," Mao said, adding that no matter what some people in the West may disparage, the fundamentals of China's economic recovery remain strong and its long-term positive outlook won't change.

In 2023, China's economy achieved a growth rate of 5.2 percent, higher than the global estimated growth rate of around 3 percent, ranking among the top in the world's major economies and consolidating the country's position as the world's second-largest economy. 

Reiterating China's contribution to global economic growth, Mao said China has continued to enjoy the advantages of a huge market place and a very complete industrial system, while favorable factors are also converging to facilitate the economy's high-quality development in 2024 and beyond. 

The continuous growth of the Chinese economy has injected strong momentum into the world economy. It has boosted confidence of executives of foreign-funded enterprises who have expressed their optimism of the Chinese market and remained bullish on China's economic growth in 2024 during the recently ended China Development Forum in Beijing and the Boao Forum for Asia held in South China's Hainan Province.

Citing China's foreign direct investment (FDI) as an example, Mao said that more and more multinational companies now eye more opportunities in the Chinese market, showing their trust in China's economic prospects. 

China sees robust increase in new foreign-invested firms. In the first two months of 2024, some 7,160 new foreign-invested enterprises were established across China, an increase of 34.9 percent year-on-year, reaching the highest level in nearly 5 years, data from the Ministry of Commerce showed.

Global Times