China’s GDP grew 5.3% year-on-year in the first quarter

Authoritative Xinhua News Agency Express | China’s GDP increased by 5.3% year-on-year in the first quarter of this year

The National Bureau of Statistics released data on April 16

Preliminary accounting

China’s gross domestic product (GDP) in the first quarter of this year was 29,629.9 billion yuan

Calculated at constant prices, a year-on-year increase of 5.3%

An increase of 1.6% compared with the fourth quarter of 2023

first quarter

Total retail sales of consumer goods reached 12,032.7 billion yuan, a year-on-year increase of 4.7%

National fixed asset investment (excluding rural households) increased by 4.5% year-on-year

Total import and export of goods increased by 5.0% year-on-year

The national average urban survey unemployment rate was 5.2%, a decrease of 0.3 percentage points from the same period last year.

Production demand is rising steadily

High-quality development has achieved new results. The national economy continues to rebound and has a good start.