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The carbon reduction action plan released by the State Council on Wednesday signals a clear energy-saving roadmap and timeline, experts said on Thursday.

The need for China to tamp down interest rate levels may have become more urgent as the country's economic rally is grappling with a sluggish recovery in demand and the pressure of debt costs on corporate earnings, political advisers and experts said.

Many major railway projects are in progress across China, and several provinces have released plans for railway construction. Analysts said that effective investment in transport will continue to increase in 2023, providing strong support for economic growth.

Ahead of the annual Double 12 shopping festival and a number of holidays, various Chinese cities have taken proactive measures, including issuing coupons, to boost consumer spending, aiming for a rapid consumption recovery after China optimized its anti-COVID-19 measures.

China's economy withstood the impact of many unexpected headwinds in October and continued to recover, though slowly, the National Bureau of Statistics (NBS) said on Tuesday.