BEIJING, July 7– The World Bank on Tuesday released its latest China Economic Update in Beijing, saying that China’s economic growth has remained resilient despite supply-demand imbalances and global energy supply disruptions.
The report noted that China’s economy was supported by strong high-tech investment and exports in early 2026, adding that policy support, high-tech investment and buffers against global energy supply disruptions partly offset weaker domestic demand in the second quarter.
It said risks to the outlook are broadly balanced, noting that risks of renewed volatility in terms of global energy supply and oil prices remain. “Further strengthening the social safety net would be a key measure to boost consumption.
Raising benefit levels, extending coverage to informal workers, and providing access based on residence could give households the confidence to spend more rather than save,” said Tatiana Rosito, World Bank division director for China, Mongolia and Korea.
The update reveals that in China, demand for both green technical skills and transferable competencies, such as systems thinking, adaptive learning, and digital skills, is expanding beyond narrowly defined low-carbon sectors.
These skills are also commanding sizeable wage premiums.
According to Elitza Mileva, the World Bank’s lead economist for China, the low-carbon transition is creating new job opportunities, adding that training, portable green skill credentials, and stronger social protection can help make the transition smoother and more inclusive. (Namibia Daily News/Xinhua)
