Foreign firms confident in China's long-term economic prospect

Despite challenges brought by the sporadic resurgences of COVID-19, foreign investors in China pin high hope on the country's resilience in recovery as well as its capacity to achieve the growth target.

In the first quarter of this year, the Chinese economy grew by 4.8 percent year on year.

The country's policymakers have rolled out a series of measures to shore up growth. To lower the financing costs for the real economy, the country's central bank recently cut the reserve requirement ratio for financial institutions, while setting up special reloans to support sectors including sci-tech innovation and elderly care.

Produced by Xinhua Global Service