Economic challenges call for cautious approach

Editor's Note: The Chinese economy faces many challenges despite achieving positive growth last year. How can China overcome these challenges and realize sustainable growth in the long run? Three experts share their views on the issue with China Daily. Excerpts follow:

Higher-quality growth should be the focus

The COVID-19 pandemic dealt a heavy blow to the Chinese and global economies. Yet thanks to China's strict pandemic prevention and control measures and effective fiscal policy, the Chinese economy recovered from the sharp decline in the first quarter of 2020 to achieve 2.3 percent GDP growth for the whole of last year, making China the only major economy to register positive growth.