China is on track to reach the 2024 GDP growth target of around 5 percent given the strong policy stimulus, continued recovery trend and gradual recovery in domestic demand, experts and entrepreneurs said.

Despite facing challenges from a sluggish real estate market, still-weak demand and mounting external uncertainties, China still enjoys favorable conditions and capabilities to boost steady growth and tackle structural issues, they said.

They expressed optimism about the country's long-term growth, saying technological innovation, notably emerging fields like artificial intelligence and green industries, will serve as a new growth driver, propping up the world's second-largest economy.

Such optimism may grow in coming months on the back of the latest stance adopted by China's top leadership at last week's four-day third plenary session of the 20th Central Committee of the Communist Party of China.