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China's economy is showing signs of resilience and recovery while the global economy is seriously hit by the COVID-19 pandemic, a senior official from the United Nations said. Liu Zhenmin, UN undersecretary-general for economic and social affairs, also called for synchronous economic recovery among countries supported by international coordination.

China's economy is rebalancing itself, adding dependence on domestic demand with consumption, innovation, and higher labor productivity. It is also reducing reliance on debts for growth and steadily improving its inherent dynamism, Liu said.

China's consumer and factory-gate inflation picked up in March as government efforts to stabilize economic growth have begun to boost domestic demand, analysts said.

China's domestic tourism industry earned about 3.9 trillion yuan in 2016, and the country plans to raise tourism revenue to 7 trillion yuan by 2020.

China's foreign trade, including imports and exports, has witnessed rapid growth since the beginning of the year, and the boom could continue through the second half, said Liang Ming, director of the institute of international trade at the Chinese Academy of International Trade and Economic Cooperation, an institution affiliated with the Ministry of Commerce in Beijing, People's Daily reported.