Published on: 2026-07-07
Source: People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Beijing, July 7 /Xinhua/ — The World Bank on Tuesday released its latest report on China’s economy in Beijing, stating that China’s economic growth remains stable despite the imbalance of supply and demand and global disruptions in energy supply.
The report notes that China’s economy was supported by strong investments in high technology and exports in early 2026. It also points out that political support, investments in high technology, and protection against global energy supply disruptions partially offset the weakening domestic demand in the second quarter.
It states that the risks to the outlook are generally balanced, while noting that risks of renewed volatility in terms of global energy supplies and oil prices remain.
“Further strengthening the social protection system will be a key measure to stimulate consumption. Increasing benefit levels, extending them to gig economy workers, and providing access based on place of residence can boost household confidence and reduce precautionary savings,” said Tatiana Rozito, Director of the World Bank’s unit for China, Mongolia, and Korea.
The report shows that in China, demand for both “green” technical skills and transferable competencies, such as systems thinking, adaptive learning, and digital skills, extends beyond narrowly defined low-carbon sectors. These skills also command significant wage premiums.
According to Elitsa Mileva, the World Bank’s lead economist for China, the transition to low-carbon emissions creates new jobs, adding that strengthening vocational training, implementing “green skills” certification, and improving the social security system can make this transformation process smoother and more inclusive. -0-
Please note; This information is raw content obtained directly from the information source. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.