Current location:world >>
Resilience, potential, fundamentals of Chinese economy remain sound
world68651People have gathered around
IntroductionA view of the Huangpu River in Shanghai. [Photo/VCG]A series of indicators have shown the Chinese ec ...
A view of the Huangpu River in Shanghai. [Photo/VCG]
A series of indicators have shown the Chinese economy accumulated a number of positive elements in the first quarter, kicking off a good start to this year despite pressures and challenges both at home and abroad.
The country's gross domestic product (GDP) recorded a year-on-year growth of 5.3 percent during the January-March period. On a quarterly basis, the economy increased 1.6 percent in the first three months, according to the National Bureau of Statistics.
Consumption remains a main force of growth, as retail sales of consumer goods grew by 4.7 percent year on year. Fixed-asset investment increased 4.5 percent from the same period a year ago. Exports and imports of goods rose 5 percent.
An array of policy tools have generated tangible progress in the economy: production and demand are steadily rising and new progress has been made in high-quality development. New quality productive forces have been fostered.
The good momentum of economic recovery in the first quarter is a testament to the strong resilience and great potential and vitality of the Chinese economy, while the fundamentals of its long-term sound growth remain unchanged.
The robust performance of the Chinese economy disappoints the naysayers once again.
Goldman Sachs raised its outlook for China's economic growth this year to 5 percent, up from its previous prediction of 4.8 percent.
The Asian Development Bank (ADB) has revised its growth forecast upwards for China to 4.8 percent this year, 0.3 percentage points higher than the estimate made in December.
With more proactive fiscal policies in place, the Chinese economy is expected to set on a stable path of growth this year, economists of ADB said in Beijing recently.
China's development is not based on selfish footing. Rather, China is ready to share with the world the great opportunities of its sustained development and work with all parties to create a bright future of common development.
China successfully accomplished its main targets and tasks for economic and social development in 2023. The sound basis laid in the first quarter offers reasons for confidence.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Global Gateway news portal”。http://costarica.spaceforanything.com/article-71e998977.html
Related articles
Japan passes a revised law allowing joint child custody for divorced parents for the first time
worldTOKYO (AP) — Japan’s parliament on Friday passed a revision to the country’s civil code that will al ...
【world】
Read moreDebates to play a major role in Pennsylvania's 2024 US Senate election
worldHARRISBURG, Pa. (AP) — Democratic U.S. Sen. Bob Casey of Pennsylvania on Thursday proposed a series ...
【world】
Read moreSupreme Court on Donald Trump's immunity claims: Key moments, explained
worldWASHINGTON (AP) — There was talk of drone strikes and presidential bribes, of a potential ruling “fo ...
【world】
Read more
Popular articles
- A Chicago teen entered college at 10. At 17, she earned a doctorate
- House approves bill to criminalize organ retention without permission
- Charged in election interference cases, some are still in politics
- China's Bronze Age relics enchant American audience
- Some of the Catholic Church's best
- Rams make a rare first
Latest articles
Terror suspect who killed 2 police officers acted on his own, Malaysia minister says
Man City beats Brighton 4
Jaguars select LSU WR Brian Thomas Jr. in the NFL draft, giving QB Trevor Lawrence a big target
France and Urías hit 2
Most of the US contingent advances to Saturday at the BMX racing world championships
No 10 hits back at Emmanuel Macron's jibe that the Rwanda scheme is a 'betrayal' of European values
LINKS
- Georgia's Kirby Smart becomes the nation's highest
- Scheana Shay looks glamorous as she highlights her stunningly made
- A Chinese flavor of rap music is flourishing as emerging musicians find their voices
- Kim Kardashian showcases her signature curves as she models a SKIMS skin
- Maradona's children want to transfer his body from cemetery to a mausoleum
- Sharon Stone is SUED for $35,000 for 'causing car crash' in Los Angeles
- Chinese industrial robots earn global acclaim
- Tottenham's Champions League hopes hit further by 2
- King Charles and Queen Camilla receive their Coronation Roll
- Matthew McConaughey hits the dance floor at his niece's Quinceanera in Texas