OPEC Projects Resilient China Economic Growth for 2026 Driven by Exports and Manufacturing

OPEC's Monthly Oil Market Report for August 2026 indicates that China's economic growth is expected to remain resilient throughout 2026. This growth is anticipated to be primarily driven by strong exports, advancements in manufacturing, and targeted policy measures. The report highlights China's economy growing 4.3% year-on-year in the second quarter and 5% in the first quarter, achieving an average growth of 4.7% in the first half of the year, which keeps the government's full-year target of around 5% within reach.