Business
China's GDP expands 5.3 pct year on year in Q1
  ·  2024-04-16  ·   Source: Xinhua News Agency

China's gross domestic product (GDP) grew 5.3 percent year on year in the first quarter of 2024, data from the National Bureau of Statistics (NBS) showed on April 16. 

The country's GDP reached 29.63 trillion yuan (about 4.17 trillion U.S. dollars) during this period, the NBS data showed.

On a quarterly basis, the economy increased 1.6 percent in the first three months.

"China's high-quality development has made new achievements in the first quarter. The national economy has sustained recovery momentum and got off to a good start," Sheng Laiyun, deputy director of the NBS, told a press conference.

Sheng mentioned positive factors during the period such as rising production demand, stable employment and prices, and growing market confidence.

"These positive factors driving economic recovery are accumulating and strengthening, laying a good foundation for full-year growth," said Sheng.

Sheng attributed the upbeat momentum in the first quarter to the implementation of supportive government policies and intensified macro-control efforts.

China's GDP grew 5.2 percent year on year last year and the country has targeted its full-year economic growth at around 5 percent for 2024.

China
Opinion
World
Business
Lifestyle
Video
Multimedia
 
China Focus
Documents
Special Reports
 
About Us
Contact Us
Advertise with Us
Subscribe
Partners: China.org.cn   |   China Today   |   China Hoy   |   China Pictorial   |   People's Daily Online   |   Women of China   |   Xinhua News Agency
China Daily   |   CGTN   |   China Tibet Online   |   China Radio International   |   Global Times   |   Qiushi Journal
Copyright Beijing Review All rights reserved 京ICP备08005356号 京公网安备110102005860