Experts see signs of recovery in economy

Steps to boost demand, fix structural issues, foster new forces seen as key

China's economy is showing signs of steady recovery with effective measures to boost domestic demand and tackle structural issues, participants attending the Boao Forum for Asia Annual Conference 2024 said on Thursday.

Looking ahead, they said boosting consumption and fostering new quality productive forces will be among key priorities for the country to support high-quality development and sustainable growth.

Citing some key economic indicators in the first two months of the year, Ben Simpfendorfer, a partner at consultancy Oliver Wyman, said the "Chinese economy is stabilizing", and he still sees some positive factors driving China's economic recovery this year.