China's economy is displaying notable resilience, with the government targeting a GDP growth rate of approximately 5% and setting plans to enhance domestic demand and services by the year 2025.

In an evaluation released on July 30, following a meeting of the Political Bureau of the Central Committee of the Communist Party of China, officials assessed that the economy demonstrated stability despite facing various domestic and international challenges.

According to the official reports from Xinhua news agency, China's economic foundation remains strong, bolstered by diverse advantages and significant resilience, which indicates that the conditions for long-term sustainable growth have not shifted.

In terms of future macroeconomic strategies, the meeting emphasized that existing policies will continue to be upheld and, if necessary, intensified to focus on boosting domestic demand while strengthening the service sector.

The government has reaffirmed an ambitious growth target of about 5% for the year, a projection that has fostered optimism among analysts and financial institutions, prompting them to revise their forecasts for China's economic performance positively.

Additionally, the meeting has confirmed the scheduled fourth plenary session of the 20th CPC Central Committee in October, which will explore the establishment of the 15th Five-Year Plan to shape China’s developmental strategies in the coming years.