China's economy has remained on a stable trajectory despite short-term fluctuations, as robust expansion in new growth drivers and resilient foreign trade continued to underpin overall momentum, the country's top economic regulator said on Friday.
Experts said such resilience has helped cushion near-term pressures, and the economy remains well placed to operate within a reasonable range in the next stage, while stronger domestic demand will be key to reinforcing its internal drivers.
Stronger and more targeted countercyclical measures are needed, they added, as higher energy costs stemming from geopolitical tensions and still-weak domestic demand continue to weigh on growth momentum.
Li Chao, a spokeswoman for the National Development and Reform Commission, said softness in some April indicators should be viewed in the context of the broader economy, whose stable operations and structural upgrading remained intact.
Notably, emerging growth drivers have continued to gather steam, with value-added output, investment, exports and profits in high-tech manufacturing all maintaining rapid growth, Li said at a news conference in Beijing.
