China’s economic growth in the first quarter surpassed expectations, according to Liu Sushe, deputy head of the National Development and Reform Commission (NDRC), the country’s top economic planner. Speaking at a press briefing on Wednesday, Liu highlighted that the economy’s continuous optimization, coupled with stable employment and prices, has bolstered market confidence. “Market expectations have generally improved, setting a good start for the whole year,” Liu remarked. To sustain this momentum, the NDRC intends to intensify the implementation of macroeconomic policies. Key initiatives include the issuance of ultra-long special treasury bonds and large-scale equipment renewal programs. These measures are designed to stimulate investment, support infrastructure development, and drive long-term economic growth. Analysts observe that China’s proactive fiscal policies and structural reforms are contributing to its resilience amid global economic uncertainties. Business professionals and investors are closely monitoring these developments for potential opportunities in the Asian market. The positive outlook is significant not only for China but also for global economies interconnected with China’s supply chains and markets. As the world’s second-largest economy continues to advance, its performance has far-reaching implications for international trade and investment.
Reference(s):
cgtn.com
