How is China's economy?

Despite the reported lack of confidence in the world's second-largest economy among some Western media, the IMF recently revised China's 2024 economic growth forecast to 5%, up 0.4 percentage points from April. The IMF noted that the revision was in part based on stronger consumption figures from the first quarter, along with stronger exports. What’s the real economic situation on the ground? Is China's economy headed in the right direction? Why should investors be optimistic about the future?