China's macroeconomic policies have been effective, and the country's economic positives are increasing despite a lot of difficulties and challenges, officials from major financial authorities said at a news conference that focused on China's economic situation.

State Council Information Office of China held a regular briefing on Monday to interpret the economic situation and respective policies. Representatives from the People's Bank of China (PBOC), the National Development and Reform Commission (NDRC), the Ministry of Finance, and the Ministry of Industry and Information Technology, attended the briefing.

In the face of challenges, such as the lack of momentum for a global economic recovery and the interlocking and overlapping cyclical structural hurdles in China, a series of macroeconomic policies have been adopted to effectively stabilize growth, boost confidence, and ward off risks, said Cong Liang, vice chairman of the NDRC.

Overall price levels in China has remained relatively stable in recent years, against a backdrop of high inflation globally that has reached more than 9 percent in some countries, according to Cong.

With the steady recovery of demand, the gradual strengthening of market confidence, and the continuous improvement of economic performance, China's overall price levels are expected to continue rising and gradually will reach annual average levels, he added.

Positive signs are also being revealed in consumption. The recent reduction in interest rates for existing mortgages looks to reduce the financial burden on residents, significantly enhancing their spending power and thus effectively promoting consumption growth, said Zou Lan, head of the Monetary Policy Department at the PBOC.

He said the central bank will continue to pay close attention to market dynamics, maintain orderly market competition, and promote the smooth and orderly adjustment of interest rates for property loans.

Meanwhile, Li Xianzhong, head of the Treasury Department of the Ministry of Finance of China, noted that the country's fiscal operations are generally stable.

Fiscal revenue maintained recovery growth, appearing consistent with the positive trend for economic recovery. In the January-August period, the general public budget revenue increased by 10 percent year on year, according to Li. Furthermore, government spending was appropriately accelerated and spending in key areas, such as people's livelihoods, was well guaranteed.

The issuance and use of special bonds has accelerated, expanding effective investment opportunities, Li added. From January to August, local governments issued 2.95 trillion yuan ($404 billion) in special bonds for project construction and other purposes, making up 77.5 percent of the annual quota of new special bonds.