The Chinese economy’s resilience, reflected by factors such as stable GDP growth, mild consumer inflation, increasing company profits and rising household incomes this year, will disappoint those doomsayers who have been consistently short on the world’s second-largest economy for its high debt levels and new uncertainties as a result of its trade disputes with the United States, China Daily editorial said.

China is well on course to achieve its preset GDP growth target of about 6.5 percent for the year, and it could possibly be higher, said Yi Gang, governor of the central bank.

Stable growth and less financial vulnerability mean China can cope with the uncertainties and ramifications of the US-initiated trade disputes. The impact of the trade tensions on China’s economic soundness is great, Yi acknowledge, but it will only make it more difficult, rather than impossible, for the Chinese economy to regain its steam.

China will stick to its own agenda of accelerating reform and opening-up, strengthening intellectual property rights protection and creating a level playing field for all types of enterprises, Yi said. Through those measures it will become more efficient, competitive and accommodative, which will benefit itself and the world economy, Yi said.