In its third consecutive commentary defending China’s economic resilience, Communist Party mouthpiece People’s Daily emphasised that Beijing was prioritising targeted measures over aggressive stimulus to avoid a potential overreliance on policy support, while also reiterating confidence in reaching the nation’s economic targets for the year.“China has not taken the path of overrelying on strong policy stimulus,” the piece said. Instead, targeted interventions function like “acupressure” to address specific vulnerabilities. “We avoid creating a ‘policy addiction’.”The commentary was published on Monday under the pen name “Zhong Caiwen”, a byline widely believed to be associated with the Central Financial and Economic Affairs Commission, a key economic decision-making body headed by President Xi Jinping.At the same time, the article noted that China’s macroeconomic policy toolkit remained ample, with substantial room for countercyclical adjustment, allowing Beijing to roll out additional measures as conditions evolve and meet its annual targets.The piece came as China faces prolonged headwinds such as weak domestic demand, a property downturn and persistent geopolitical tensions, which weighed on second-quarter growth.Despite the Politburo pledging stronger fiscal support during its July meeting, data for the month showed key indicators such as retail sales and fixed-asset investment weakening, prompting analyst calls for additional policy stimulus to stave off downside risks.In highlighting the resilience of China’s economy, the commentary pointed to the ability to absorb external shocks and adjust to domestic risks. It said early investment in a new-energy system and oil reserves, along with diversified sourcing, had helped maintain energy supplies despite the US-Israel war on Iran, which has sent oil prices higher.