National Development and Reform Commission: Challenges still exist in economic operation, and macroeconomic policies will be further implemented in a timely manner.

On September 29, Li Chao, Deputy Director of the Policy Research Office of the National Development and Reform Commission and spokesperson, stated that in August, driven by the continuous efforts of macroeconomic policies and other factors, the overall operation of China's economy remained stable. From the supply side, production grew steadily, with key areas of manufacturing and services showing good momentum; from the demand side, policy effectiveness continued to show, demonstrating strong resilience and anti-pressure ability. In terms of consumption, retail sales related to replacing old with new continued to grow rapidly. However, the current economic operation still faces many risks and challenges, with the external environment remaining severe and complex, and the foundation for economic recovery still needs further consolidation. In the next step, the National Development and Reform Commission will continue to make efforts and timely strengthen the implementation of macroeconomic policies. At the same time, the National Development and Reform Commission will continue to strengthen economic monitoring, forecasting, early warning, do well in policy research and reserve, and timely launch policies according to changes in the situation.