China's economy kicked off the year on a strong note, with the first quarter growth rate exceeding analysts' expectations, according to an official from the National Development and Reform Commission (NDRC). Liu Sushe, deputy head of the NDRC and the country's top economic planner, highlighted several factors contributing to this positive performance.
Optimizing the economic structure, maintaining stable employment, and keeping prices in check have significantly boosted market confidence. \"With continuously optimized economic structure, stable employment and prices, market expectations have generally improved and this has set a good start for the whole year,\" Liu stated.
Looking ahead, Liu emphasized that the NDRC plans to intensify the implementation of macroeconomic policies. This includes the issuance of ultra-long special treasury bonds and large-scale equipment renewal, aimed at sustaining economic momentum and fostering long-term growth.
Reference(s):
cgtn.com
