China’s leader Xi Jinping told the BRICS group on Tuesday that China’s economy was resilient and that the fundamentals for its long-term growth remained unchanged. Xi, who is in South Africa for a summit of Brazil, Russia, India, China and South Africa (BRICS), made the remarks in a prepared statement read by Chinese Commerce Minister Wang Wentao at a business forum. “The Chinese economy has strong resilience, tremendous potential and great vitality,” Xi said through Wang. China’s Xi heads to South Africa for BRICS summit The recovery in the world’s second-largest economy has lost steam due to a worsening property slump, weak consumer spending and tumbling credit growth, adding to the case
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