China Shifts to More Upbeat Tone Over Economic Recovery

The messaging from China’s top leadership is noticeably more optimistic than it has been over the past year or so

People ride on an escalator in a busy retail shopping area in Beijing. Photo: Kevin Frayer/Getty Images

China’s top economic planner adopted a more upbeat tone in its latest assessment of the economy this week, marking a change from Beijing’s previous cautious outlook and suggesting rising optimism that the country is on track for a solid recovery.

The current status of China’s economy can be summarized into “demand expansion, recovering supply and improving expectations,” Meng Wei, a spokesperson for the National Development and Reform Commission, said Wednesday.

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