Current location:Stellar Stance news portal > travel
Resilience, potential, fundamentals of Chinese economy remain sound
Stellar Stance news portal2024-05-19 09:35:54【travel】0People 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.
Address of this article:http://macedonia.spaceforanything.com/news-60c299715.html
Very good!(7626)
Related articles
- Chiefs rookie Xavier Worthy's car stolen in Kansas City by 'professional group of criminals'
- Xi's Speech at Meeting of Central Commission for Public Sector Reform to Be Published
- Charting global diplomacy: win
- PMs of Italy, Portugal call for ambition to attack the crisis
- In Cannes, Francis Ford Coppola talks Trump, self
- Xi Urges Guangxi to Write Its Chapter in Chinese Modernization
- Primary, secondary schools reopen in Ireland under phased plan
- China urges U.S. to stop COVID
- Middle East eyes tourists from China
- Syrian workers arrange cotton fabric for making masks in Damascus
Popular articles
Recommended
Grand Canal exhibition in China showcases archaeological findings
Turkey vows to retaliate if EU imposes new sanctions
Passion fruit
Expert warns return to lockdown conditions a possibility in B.C., Canada
China to allow more international flights
Former CDC directors: U.S. politicians undermine CDC unconscionably
World's longest undersea high
Novel coronavirus has existed worldwide before emerging in China: Oxford University expert
Links
- Controversial university 'race researcher' who wrote that equality between white and non
- Nelly Korda 1 shot back through 36 holes at Chevron Championship as she chases 5th straight victory
- Collin Morikawa part of 4
- The EPA is again allowing summer sales of higher ethanol gasoline blend, citing global conflicts
- John Tortorella says he failed to get Flyers to 'close the deal' in wake of late
- Nebraska's governor says he'll call lawmakers back to address tax relief
- Knicks and 76ers got past injuries that could've ruined them. Now they meet in playoffs
- Convicted rapist charged with murder in killing of Connecticut visiting nurse, Joyce Grayson
- Florida law discriminates against Chinese nationals trying to buy homes, attorneys argue
- China's new high