The fundamentals of China's long-term economic growth have not changed despite multiple challenges, however, there are also risks ahead, China's top political advisory body said in a news conference on March 3.

Acknowledging that the Chinese economy is facing "triple pressure" – shrinking demand, supply shocks and weakening expectations – advisors pointed to the necessity in promoting technological innovation and industrial transformation and creating new growth points, said Guo Weimin, spokesperson for the fifth session of the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC).