Economy showing signs of improvement; outlook good
facturing, was faster than that of traditional sectors during the period, the commission said.
The nation’s power generation increased by 10.04 percent year-on-year in the first six days this month, up by 4.62 percentage points over the same period last year, it said.
With an improving economic structure, the economy is expected to grow by around 6.8 percent in the first quarter, which was forecast earlier by Bank of China.
Tuan Huynh, Asia-Pacific chief investment officer at Deutsche Bank Wealth Management, said the government can implement more reforms to further adjust the economic structure and stimulate more balanced growth while preventing financial risks.
Huynh said he believed China can be expected to edge into the high-income economy category in the next five years. It is capable of dealing with key challenges — such as its growing population and overcoming the middle-income trap — with an expected continued rise of per capita GDP, he said.