China Daily Global Weekly

Economy sees steady first quarter

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China’s economy registered a steady start in the first quarter of the year, demonstrat­ing its resilience and potential in the face of a complicate­d external environmen­t and resurgent domestic COVID-19 cases.

Experts said the faster-thanexpect­ed first-quarter growth was aided by robust growth in the first two months before a weakening in economic activities in March, and warned of challenges and uncertaint­ies at both home and abroad.

China’s gross domestic product expanded 4.8 percent year-onyear to 27 trillion yuan ($4.24 trillion) in the first three months, picking up from 4 percent in the fourth quarter last year, according to the National Bureau of Statistics said on April 18.

Despite facing a complicate­d internatio­nal situation and domestic COVID-19 cases, the fundamenta­ls of China’s longterm sound economic growth remain unchanged, Fu Linghui, the bureau’s spokesman, said at a news conference in Beijing.

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