Commentary: Resilience, potential, fundamentals of Chinese economy remain sound
Release time：2024-05-08 19:55:21 Source：World Wander news portal
-
BEIJING, April 16 (Xinhua) -- 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.
（Editor:Wang Su）
- Previous：Paris 2024 torch relay cauldron design unveiled
- Next：Braves' bullpen takes another hit as left
Related articles
- China reclaim Thomas & Uber Cup
- Chinese traditional lion dance taught at primary school in Jiangxi
- Bamboo dance competition held at middle school in Hainan
- China's booming online audio and video industry tops 1 billion users
- China's Lin dashes Fan's title defense hopes at ITTF World Cup
- Qiang sheep
- China hosts 135th Canton Fair in Guangzhou
- People in traditional costumes celebrate traditional Flower Festival in Fujian
- Real Madrid clinch record
- Advancing new industrialization, modernization
- Judge delays murder trial for Indiana man charged in 2017 slayings of 2 teenage girls
- Homegrown chatbot throws hat in AI ring
- Beijing looks to boost green technology development
- People of Zhuang ethnic group celebrate traditional diving festival in Guizhou
- Boy Scouts of America changes name after 114 years to 'boost inclusion'
- Painting exhibition featuring China's natural beauty kicks off in Egypt's Opera House
- Light decorations for upcoming Spring Festival in Xi'an
- Homegrown chatbot throws hat in AI ring
- Jessica Biel goes braless beneath plunging pink feather
- Bamboo dance competition held at middle school in Hainan
Random recommendation
West Virginia GOP County Commissioners removed from office after arrest for skipping meetingsJANE GREEN: The shameful truth about Barbra Streisand's acidSmall earthquake shakes a wide area of Southern California. No initial reports of damage'Cursed' steamship that vanished in 1909 with 14 men aboard is finally discovered 115 years laterPolice fatally shoot a man who sliced an officer's face during a scufflePentagon leaker Jack Teixeira to face military justice proceedingTwins rally late for 10th straight win, 10Russell Wilson and Ciara find a buyer for $25m, 11,000sq ft mansion near SeattleColombia's president says country will break diplomatic relations with Israel over war in GazaGisele Bundchen exudes sporty chic in an all
- Copyright © 2024 Powered by Commentary: Resilience, potential, fundamentals of Chinese economy remain sound ,World Wander news portal sitemap