Intelligent robots work on a vehicle production line in Changchun, Jilin province, on April 24, 2024. [Photo/Xinhua]

China will continue to see stable GDP growth in the coming years as the world's second-largest economy shows strong resilience boosted by its technological and innovative capability and more supportive government policies to drive domestic demand and high-quality development, experts said on Friday.

New quality productive forces and new technologies are now being applied on a larger scale, providing a strong driving force and growth momentum for many new industrial sectors, said Wang Peng, a deputy researcher of the Beijing Academy of Social Sciences.

Wang said the booming new energy sector advances the process of green transformation, with a trend toward sustainable economic development. China's economy is expected to enhance growth momentum through innovation and optimizing the industrial structure to achieve sustainable development.

Wang's comments came as China published the results of its fifth national economic census on Thursday, which showed that the country's economy had a solid foundation, strong resilience and enormous potential over the past five years.

"Compared to the previous results of the economic census, China's economy shows characteristics of structural optimization and high-quality development with the strong momentum of enterprise innovation, rapid development of high-tech and new energy sectors," Wang said.

The decline of total profits of industrial enterprises continued to narrow in November, showing that the Chinese economy is continuing its trend of recovery. Data released on Friday by the National Bureau of Statistics show that total profits of industrial enterprises above designated size across the country realized a total profit of 6.667 trillion yuan ($913.40 billion) in the first 11 months, a year-on-year decline of 4.7 percent. In November, total profits of enterprises declined by 7.3 percent year-on-year, compared with 10 percent in October.

Strong policy support including existing policy tools and the recent launch of a package of incremental policies has led to steady growth in industrial production and a corporate revenue turnaround from decline to increase in November. The government support has also pushed the transformation of the manufacturing industry into high-end, intelligent and green development, said Yu Weining, a statistician of NBS on Friday.

The intensity of macroeconomic policy support has increased significantly since September as the government launched a string of measures to promote large-scale equipment replacement and trade-in consumption, expand fiscal expenditure and stabilize the domestic property market, said Zhou Maohua, a researcher at China Everbright Bank.

These moves are likely to further drive up domestic consumption and investment demand, the rebound of prices and the improvement of corporate profits, Zhou said.

Since the beginning of this year, the implementation of a package of incremental policies has fully embodied the convergence of countercyclical and crosscyclical adjustments, unleashing the potential for economic development while enhancing the momentum of economic development, said Wang Yun, deputy director of Xi Jinping Thought on Economy Study Center of the National Development and Reform Commission.

Looking ahead, Wang said that policy measures need to be optimized to sustain the fundamental role of consumption and the key role of investment. China needs to continue to carry out economic reform to fully unleash development potential and stimulate the vitality of economic activities.