Economists bullish on China's prospects

Amid global economic uncertainties, economists underscored the strong resilience and great potential of China's economy, anticipating its continued prominence as a pivotal contributor to global economic growth this year.

Despite challenges stemming from weakening external demand and mounting uncertainties, they expressed optimism regarding China's capacity to achieve its annual GDP growth target of around 5 percent, citing proactive fiscal and monetary measures aimed at stimulating domestic demand as key factors supporting the outlook.

Justin Yifu Lin, dean of Peking University's Institute of New Structural Economics, said the annual growth target is achievable if the government steps up both fiscal and monetary policies to stimulate consumption and investment.