Nation to remain key engine of global growth

China will remain a key growth engine for the world economy as well as a valuable destination for foreign direct investment, thanks to the country's stable economic recovery, sound long-term economic prospects and improving business environment underpinned by its unwavering reform and opening-up efforts as it pursues high-quality development, said officials, business leaders and senior economists. "China is still the second-largest economic power in the world and is still the world factory," Huang said, adding that the country's pursuit of high-quality development is providing more and more opportunities for Veolia in the areas of environmental protection, resource management and climate change mitigation. Justin Yifu Lin, dean of Peking University's Institute of New Structural Economics, said in an earlier exclusive interview with China Daily that he believes the Chinese economy can grow by 5 percent this year, which means the country will remain one of the most dynamic economies in the world and make great contributions to the global economy. While the possibility of China witnessing a slowdown in economic growth this year remains, it is on the trajectory of achieving "sustainable, high-quality growth", said Ayhan Kose, the World Bank's deputy chief economist.