The recent measures introduced by China to promote Consumer spending help boost market confidence, but their effectiveness still depends on the availability of funds and the implementation of policies.

Hui Shan, chief economist for China at Goldman Sachs, stated in an interview with CNBC that the recent economic data from China is "good enough" to convince investors that the country is still expected to achieve a GDP target of around 5%.

However, Hui also pointed out that although the government's fiscal stimulus policies show strong support for economic growth, challenges in execution remain a key issue.

Goldman Sachs noted that despite improvements in Consumer confidence, converting this into a sustained driving force for economic growth still requires ensuring efficient allocation of funds and clear policy execution strategies. Key factors to watch include: how quickly local governments can guide financial support to the real economy, the extent of household and business reactions to the stimulus measures, and whether these measures can offset adverse factors such as sluggish Real Estate demand and external trade uncertainties.

As the market digests the latest economic data, Goldman Sachs emphasizes that the trajectory of China's economic growth still depends on the successful implementation of these policies. The Institutions will focus on Crediting expansion, domestic Consumer trends, and broader structural reforms to assess the long-term impacts of these policies.