First quarter data instill confidence in China’s new economic stage


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With an 18.3 percent year-on-year growth in the first quarter, the Chinese economy has posted a good start to the country’s 14th Five-Year Plan period (2021-2025), empowering China to tackle the uncertainties and challenges ahead and providing the world with confidence in the recovery from the pandemic.

The double-digit year-on-year rebound puts average first-quarter growth from 2020 and 2021 at 5 percent compared to the 2019 level, indicating the country is on the path of high-quality growth stressed in its development blueprint.

It is also worth noting that positive economic indicators released recently come from both the production and consumption sides.



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