Beijing-Sana
The Chinese economy achieved a stable start in the first quarter of this year, despite the challenges arising from the increasing complexity of the international environment and the re-emergence of COVID-19 cases in the country.
Figures from the National Statistics Authority released today, according to Xinhua, showed that China's gross domestic product grew by 4.8 percent year on year in the first quarter of this year to reach 27.02 trillion yuan, equivalent to about 4.24 trillion US dollars, accelerating from a growth of 4 percent. percent in the fourth quarter of last year.
The data indicated that value-added industrial output recorded a steady increase of 6.5 percent compared to the first quarter of last year, while investment in fixed assets jumped 9.3 percent and retail sales of consumer goods increased by 3.3 percent.
"The Chinese economy has recorded a stable performance with continued recovery amid China's efforts to achieve a balance between epidemic control and economic and social development, and the long-term economic foundations are still sound, and the continued momentum of economic recovery has not changed," said Fu Linghui, a spokesman for the authority. to overcome these difficulties.
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