China Buys Time to Pursue High-Quality Growth Amid Lingering Economic Concerns

• China's economy has avoided some near-term risks, buying officials time to boost long-term growth • Recent data has exceeded forecasts, but analysts remain cautious about China's growth prospects • China is pushing policies to support lending and growth, but their effectiveness is declining • Officials are betting on advanced, innovation-driven sectors to power "high-quality growth" • The property sector crisis continues to cast doubt on the economy, despite some signs of stabilization