Comprehensive approach key to ensuring balanced growth

China's economic tapestry this year has been complex, revealing both challenges and opportunities.

The domestic economy has exhibited a "diversified and weak recovery" in 2023 and the nation's GDP growth rate is expected to reach 5.3 percent for the whole year.

While GDP growth consistently improved in the first three quarters, the predicted two-year average growth of 4.1 percent is notably lower than the pre-COVID-19 levels, indicating a significant gap in demand despite the ongoing economic recovery.