BEIJING, July 29 -- China will look to balance reform, development and stability in the latter half of the year, according to a meeting of the Communist Party of China (CPC) on Tuesday.

The meeting of the Political Bureau of the CPC Central Committee studied the first half of the year's economic situation and work that needs to be done in the second half.

"In the first half, economic growth was kept within a reasonable range, with major indicators within targets," a statement released after the meeting said.

Growth still faces challenges internally and externally. "More efforts are needed to maintain steady economic growth," it said.

In the second half of the year, the country must get the balance among pushing forward reforms, seeking development and maintaining stability. At the same time it must find the balance between short-term targets and long-term growth.

The government should also coordinate economic and social development while improving people's livelihood, the statement said.