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China's economy maintains sound momentum despite fluctuations

  • Thursday, May 19, 2022
  • Source:ferro-alloys.com

  • Keywords:China's economy
[Fellow]Efforts should also be made to ensure stable supplies and prices, he said.

[Ferro-Alloys.com]

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

Xinhua

  • [Editor:kangmingfei]

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