This photo taken on Feb 15, 2023 shows a factory of Chinese electric vehicle (EV) maker Li Auto Inc. in Changzhou, east China's Jiangsu province. (PHOTO / XINHUA)

BEIJING — China is on track to achieve the major targets for economic and social development of 2023, a spokesperson with the country's top economic planner said Tuesday.

With the economic recovery continuing to gather steam and the effects of pro-growth policies, the country has the conditions and the capability to enhance economic operations, boost endogenous impetus, improve public expectations and fend off risks, Li Chao, spokesperson of the National Development and Reform Commission, told a press conference.

According to Li, China's consumer price index, a main gauge of inflation, is expected to register mild growth in 2024.

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As of the end of November, the issuance of China's local government debts had been generally completed, Li noted.

The central government has issued 1 trillion yuan (about $141 billion) in additional central government bonds, and the first batch of the financed projects has been unveiled, which includes nearly 2,900 projects in areas such as the construction of an integrated system for the prevention and control of key natural disasters, Li said.