Galvanizing demand key to economy

Party leadership meeting calls for greater efforts to overcome challenges

The Chinese economy is recovering, but domestic demand remains insufficient and economic transformation and upgrading still face new difficulties and obstacles, according to a key Party leadership meeting on Friday.

The meeting of the Political Bureau of the Communist Party of China Central Committee was presided over by Xi Jinping, general secretary of the CPC Central Committee, with a view to analyzing the current economic situation.

The meeting came as the world's second-largest economy strives to recover amid slowing global growth resulting from the impacts of the COVID-19 pandemic. Both domestic and international challenges have dented confidence and overall demand.