🚀 China's economy is on the move! Despite global challenges, the first quarter of this year showed strong signs of growth and resilience. From bustling markets to booming industries, let's dive into how China is setting the pace for economic recovery.
According to the latest data from the National Bureau of Statistics, China's GDP grew by an impressive 5.3% year-on-year in Q1, up 0.8 percentage points from the same period last year. That's a solid start, laying a strong foundation for hitting annual targets. 📈
Industrial output didn't miss a beat either. The value-added of industrial enterprises above the designated size rose by 6.1% year-on-year, outperforming last year's figures by 1.5 percentage points. High-tech industries are flexing their muscles, with rapid investment growth and a surge in profits for equipment manufacturing and high-tech manufacturing sectors. Talk about leveling up! 🎮
But wait, there's more! 🎉 Amidst global trade tensions and geopolitical conflicts, China's total goods trade reached a whopping 10.17 trillion yuan ($1.4 trillion) in Q1. That's a 5% increase year-on-year and the first time ever surpassing 10 trillion yuan at this point in the year. Breaking records much? 🏆 This showcases the strong vitality of China's export-oriented economy.
With market expectations on the rise and consumers out and about, China's economic recovery is not just on track—it's accelerating. So, keep an eye on China as it continues to navigate the global economic landscape with resilience and innovation. 🌟
Reference(s):
Q1 economic data highlights China's strong economic resilience
cgtn.com
