China's economy demonstrated robust recovery signs in April, with key indicators highlighting sustained growth across infrastructure, innovation, and consumption sectors, according to data released by the State Information Centre (SIC).
Heavy machinery demand surged as excavator sales rose 17.6% year-on-year, reflecting accelerated road construction and policy-driven infrastructure investments. \"Seasonal factors and stimulus measures are unlocking endogenous growth potential," said Shen Chunfeng, an analyst at Rootcloud's Excavator Index.
Local governments amplified fiscal support, issuing 3.54 trillion yuan ($50.6 billion) in bonds during January-April – an 84% annual increase – while project contract awards grew 10% in April. \"Synchronized policy implementation is translating into tangible growth," noted Wei Ying, SIC's Big Data Development Department deputy director.
The innovation sector saw dramatic gains, with startup activity and tech development indices climbing 36.8% and 28.9% respectively. Researcher Liu Fang highlighted China's \"evolving ecosystem of legal frameworks and R&D incentives\" as key drivers for business innovation.
Consumption patterns revealed dual strength: offline retail activity expanded 25.4% annually, while digital service demand rose 14.2%. Analysts anticipate reinforced growth as existing policies take fuller effect through Q2.
