Home >  China Voices > 

威尼斯人138官网管理网:China's economy maintains sound momentum despite fluctuations


威尼斯人138官网管理网:Despite mounting domestic and external uncertainties, China's economy continues to progress with a sound momentum, an official told Xinhua in an interview.


XinhuaUpdated:  May 13, 2022

Despite mounting domestic and external uncertainties, China's economy continues to progress with a sound momentum, an official told Xinhua in an interview.

"Although some indicators saw short-term contractions mainly due to the COVID-19 blow, the fundamentals underpinning the economy's stable development and sound momentum remain unchanged," said Sheng Laiyun, deputy head of the National Bureau of Statistics.

In particular, the country's general trend toward economic upgrading and high-quality development has not changed, he said.

China's economy got off to a steady start in the first quarter of this year, with its GDP growing 4.8 percent year on year, accelerating from a 4 percent increase in the fourth quarter last year.

However, shrinking demand, supply shocks and weakening expectations have weighed on the economy since March. Sheng said that leveraging multi-pronged macro policies is the key to reducing the COVID-19 impact to the minimum and ensuring the economy operates in a reasonable range.

The country has vowed to adhere unwaveringly to its dynamic zero-COVID policy to consolidate the hard-won results of prevention and control work, Sheng said.

He also stressed ramping up pro-growth policies and giving full play to effective investment. "History has shown that expanding infrastructure investment is the most effective and fastest way out of short-term economic hardship," he said.

China's amount of infrastructure per capita is only 20 percent to 30 percent of that of developed countries, and its per capita railway operating length is less than 30 percent of the figure for the United States, showing great potential for infrastructure investment, Sheng said.

He also mentioned measures including tax and fee cuts, the deferral of social security contribution payments and the issuance of inclusive loans to shore up market entities.

Noting the increasing COVID-induced pressure on the job market, Sheng highlighted the importance of the full and thorough implementation of pro-employment policies.

"With policies to coordinate pandemic control with economic and social development taking effect, the COVID-19 impact is expected to subdue gradually," Sheng said, citing positive signals already seen in power generation and consumption data.

Efforts should also be made to ensure stable supplies and prices, he said.  

博天堂桌面下载 澳门皇冠线上开户 七彩娱乐升级版 王子娱乐公司开户 龙8娱乐官网登录入口
维也纳彩票棒球 滨海等级礼金 凯发新登录网址 伟德实时返水3.0% 财富娱乐现金网址导航
亿酷棋牌深海捕鱼 美高梅代理官网 迅达娱乐老虎机最高返水 好彩1开奖结果走势图 澳门新金沙网上游戏
k7娱乐体育在线佣金 九五至尊竞彩最高返水 正规太阳城申博开户 菲律宾申博官方登入 菲律宾申博游戏网址