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China's economy has shown remarkable resilience and enormous potential, as evidenced by key indicators that have surpassed expectations and signs of consumer and investor confidence.

Experts say that this has become a significant driving force for the struggling global economy.

China has set a GDP target of around 5 percent for 2023, according to a government work report delivered to the national legislature for deliberation.

The rapid recovery of China's economy has been under the spotlight since the end of last year.

International institutions and investment banks not only raised their projections for China's growth in 2023, but they have also highlighted the country's role as the main engine for global economic growth.