Economist predicts further upswing for economy

China's economic outlook is poised to improve in the following months, buoyed by robust fiscal spending, and the country's growth target of around 5 percent for 2024 is achievable, according to a renowned economist.

Huang Yiping, dean of Peking University's National School of Development, told China Daily in an exclusive interview that the nation's economy is relatively stable, with better-than-expected indicators in the first two months.

"There is hope that the economy may continue to improve, given that the government will expand its fiscal spending and provide more support to economic growth in the coming months," Huang said. "The US economy looks like it is experiencing a soft landing, which should be positive for our external economic environment and exports."