Hey news buffs! The latest economic update is here and it's exciting: the Chinese mainland's Q1 economic report shows a robust 5.4% GDP growth, reaching 31.875 trillion yuan. This stellar performance is buzzing across global markets 🚀!
The report breaks down the growth across sectors: the primary sector climbed by 3.5%, the secondary by 5.9%, and the tertiary by 5.3%. Notably, industrial output shot up with equipment manufacturing and high-tech production soaring by 10.9% and 9.7% respectively, showcasing innovative strides 💡.
Modern services like information transmission, software, and IT services surged by 9.9%, while crop farming maintained a healthy 4.0% increase. A gradual recovery in the consumer market—with retail sales rising by 4.6% and high-tech investments growing by 6.5%—fuels the momentum.
Trade figures are impressive too: exports jumped by 6.9% to hit 6.13 trillion yuan, and overall trade grew by 1.3%, coupled with a 5.6% boost in per capita disposable income. These numbers reflect a thriving domestic market.
With strong macro support and ongoing innovation, the Chinese mainland’s economic foundation is set for future growth. This upbeat performance offers vital insights for entrepreneurs, professionals, and young news enthusiasts eager to understand global market dynamics. Stay tuned for more updates! 🔥
Reference(s):
cgtn.com
