GDP showing more signs of stabilizing

Experts stress need for further deepened reforms, opening-up

China's economy is showing clear signs of steady recovery with a sound showing in the first two months, and is back on track for healthy, sustainable growth, bolstered by a mix of stimulus policies and meaningful reforms measures in the pipeline, economists said on Tuesday.

As the world's second-largest economy still grapples with pressing challenges from lack of effective demand, downward pressure and subdued expectations, they emphasized the need for further deepened reforms and opening-up as well as targeted measures to accelerate the shift toward consumption-driven growth.

"China's economy has weathered storms and is now firmly on the path of stable, healthy and sustainable development. This recovery trend is irreversible," Peng Sen, president of the China Society of Economic Reform, said during a high-level dialogue on China's reform and economic prospects during the ongoing Boao Forum for Asia Annual Conference 2025. The forum will last from Tuesday to Friday in Boao, Hainan province.