China Economic: Where is the "Stability", Where is the "Progress"

China Economic: Where is the "Stability", Where is the "Progress"

The economy recovered in the first quarter through wind and rain.

In spring, China is full of vitality and renewal.

According to data released by the China Statistics Bureau on April 18, GDP in the first quarter grew by 4.5%. The growth rate reached the highest level since the second quarter of 2022. Meanwhile, key economic indicators in several sectors also showed an accelerated recovery.

From the current development trend, China has changed from an export-oriented economy to a domestic demand-led economic growth model, which means that China will further strengthen consumption and investment demand in the domestic market to drive sustained economic growth.

The 133rd Canton Fair closed its first phase. This phase attracted buyers from 229 countries and regions, with more than 1.25 million visitors, nearly 13,000 exhibitors, and more than 800,000 exhibits, all of which are record highs. The next second and third phases of the fair will also attract more overseas buyers to come. This year's Canton Fair will help enterprises reach better cooperation with customers and promote the development of foreign trade.

Despite the changing international trade environment and geopolitical tensions, the measures and policies of the Chinese government are expected to stabilize the growth of the economy and provide a more favorable business environment. Therefore, we remain confident that the Chinese economy will continue to grow steadily in the future and that companies will continue to have broad prospects for growth in the Chinese market.

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