China can sustain growth despite global economic slowdown

XIAMEN, Fujian, Sept 9 (Xinhua) During a time of global economic slowdown, Chinese officials said the country can sustain growth. brThe comprehensive situation in China is fine, said Vice Premier Wang Qishan in a keynote speech at Monday's international investment fair in southeast China. We are confident and ready to overcome difficulties and challenges to ensure steady economic performance and to contain the fast-rising consumer price index. brThe 12th annual China International Fair for Investment and Trade ( CIFIT), opened in Xiamen, capital of the Fujian Province. The fair is known as the world's largest international investment promotion event. It is sponsored by the ministry of commerce and organised by Fujian's provincial government and Xiamen's municipal government. brChina's economy has weathered serious trials since the beginning of this year, including south China's severe winter weather and the May 12th earthquake in Sichuan Province, said Wang. brHe added, the unfavourable global environment had disrupted the international financial market. brThe Chinese government has taken up a series of macro-control measures to cope with the complicated situation, Wang told 445 delegations from 104 countries and regions. brHe said China's gross domestic product (GDP) surged by 10.4 per cent in the January to June period, when the country saw rising domestic consumption, investment and exports. brMinister of Commerce Chen Deming said in the morning session, the departure of the Olympic Games would not hamper China's economic growth, which had been driven by robust domestic consumption and growing foreign trade.