"China is on the right track to achieve its full-year target," Yao said. He believed that further advances in technological innovation and high-end manufacturing will help the country better tap its endogenous growth potential and consolidate its high-quality development trajectory.

　　As more positive factors build in, policies to stabilize growth are coming to fruition, and despite some short-term fluctuation retreats, China"s GDP growth is likely to show a "V-shape" track throughout the year, bouncing back in the second half, Wang Qing, chief macroeconomic analyst at Golden Credit Rating International, said in a research note sent to the Global Times on Wednesday.

　　China has set a goal of raising total retail sales of consumer goods to around 60 trillion yuan ($8.8 trillion) by 2030 and further strengthening consumption"s role in driving economic growth, according to a government plan on expanding consumption during the 15th Five-Year Plan period (2026-30) released on Monday.

　　Yao expects the plan to play a constructive role in propelling domestic consumption, which he said will remain "an important engine of the Chinese economy in the future."

　　It is suggested that Chinese authorities could bring forward some infrastructure projects in the 15th Five-Year Plan period (2026-30) for early implementation. This would help generate strong investment demand and sustain economic momentum, analysts said.

　　"This year marks the beginning year of China"s 15th Five-Year plan, and we have a rich policy toolkit to stabilize development," Wang noted.