Economists say China's economy has broad prospects for mid- to long-term development. Short-term challenges include real estate adjustments, sluggish exports, local debt, slow market recovery, and consumer confidence that needs to continue to be boosted.
In the medium and long term, there will be challenges such as population aging and high uncertainty in the international environment. China has a high-quality labor force, and there is still room for increase in labor supply. There is still huge room for development in industrial upgrading and technological progress. The service industry still has great development potential. Urbanization and per capita GDP still need to increase.