China on way to meet 2023 economic growth targets

China is well-positioned to meet its annual economic growth targets for 2023, the country's top economic regulator said on Tuesday.

Li Chao, a spokeswoman for the National Development and Reform Commission, said the country has the conditions and capabilities to meet its economic and social development objectives for 2023, as China's economic recovery continues to gather steam and a series of policies take effect gradually.

During the next step, the NDRC will closely monitor changes in economic operations, strengthen situation analysis and policy research, and intensify macroeconomic regulation. A primary focus will be placed on the forthcoming year's key growth targets, she told a news conference held in Beijing on Tuesday.

Li highlighted the commission's commitment to reinforcing policy reserves, ensuring a robust arsenal of policy tools to effectively respond to diverse risks and challenges that may arise.

During the national development and reform work conference held from Sunday to Monday, the NDRC said it will formulate targeted measures to bolster the economy.

According to the recently concluded meeting, the commission will continue to carry out the midterm evaluation of the 14th Five-Year Plan (2021-25), and it has begun its preliminary work for the 15th Five-Year Plan (2026-30).