Long-term view on economy

What they say

Xi's call to fuel growth boosts confidence

Political advisers and experts said that Xi's speech emphasized the inner strength of the Chinese economy amid growing external uncertainties and challenges, showing the leadership's strong determination to overcome difficulties and achieve the country's set objectives.

Economy likely to maintain stable growth

Liu Zhiqin, a senior researcher with the Chongyang Institute for Financial Studies at Renmin University of China, said that amid unprecedented uncertainty, the government's decision to abandon a GDP growth target will give policymakers more flexibility to respond to rapid changes in the situation.

He Qiang, a member of the National Committee of the Chinese People's Political Consultative Conference, said the country should maintain annual economic growth of between 2 and 4 percent to ensure the accomplishment of major development goals.

"Given the 6.8 percent economic contraction in the first quarter, we must spare no effort for economic recovery over the rest of the year," said He, who is a professor of finance at the Central University of Finance and Economics.

Economic arsenal 'sufficient' to support growth

China is capable of reaching its goal of building a moderately prosperous society in all respects by next year with support from macroeconomic policies, despite troubles caused by the COVID-19 pandemic, political advisers said.

Govt steps to encourage steady growth momentum

China's economy is gradually recovering with steady growth momentum despite disruptions from the COVID-19 outbreak, while it will take further steps to maintain economic stability and promote sustainable growth, according to the country's top economic regulator.