Foreign financial institutions upbeat on China's economy

In this file photo dated July 6, 2023, visitors watch humanoid robots dancing at the World Artificial Intelligence Conference (WAIC) 2023 in Shanghai, East China. _ Photo: Xinhua file

BEIJING: Overseas financial institutions have expressed their confidence in the prospects of China's economy, as the country's high-quality growth efforts are gradually paying off.

The latest data from the National Bureau of Statistics (NBS) shows that China's gross domestic product (GDP) expanded 5 percent year-on-year in the first half of the year.