China's GDP up 3.2% in Q2

Experts said China is on track for impressive economic recovery after the COVID-19 shock, thanks to the nation's effective efforts to contain the outbreak.

Zhang Liqun, a researcher at the Development Research Center of the State Council, said a series of policy supports boosted a swift and constant recovery in the first half of the year. Regulations such as the "six priorities" and macro control policies including monetary policies had their effects as well.

Huang Qunhui, director of the Institute of Economics at the Chinese Academy of Social Sciences, said Chinese quarterly economic growth trend will properly be on a "deep V-shape" track where it plunged in the first quarter, rebounded in the second quarter and returns to normal in the second half of the year. Medium to high growth is expected in the first half of next year.

Liu Xiaoguang, a researcher with Renmin University of China, said China has stabilized its economy in the second quarter. In the second half of the year, investment and consumption are expected to rebound robustly as macro policies generate comprehensive power, bonuses from new reform are unleashed, market sentiment is refined and the behaviors of market bodies at the micro level are adjusted.

Mehran Nakhjavani, emerging markets strategist at research firm MRB Partners, said China's economic readings for May and June have recovered, and "we see this pace continuing in the second half of the year."

"We think the economic recovery is well on track," said Lucy Qiu, emerging markets strategist at UBS Global Wealth Management. "Effective containment of the pandemic and proactive policies have supported Chinese economy's early recovery versus the rest of the world."