China'S Economic Development Is Full Of Resilience.

How strong is China's economy?

"May Day" is a small holiday.

During the holidays, there were 9266 trains running on average, 16 thousand flights taking off and landing, and the total number of domestic tourists receiving about 195 million passengers. The total amount of online pactions of the UnionPay was as high as 1 trillion and 290 billion yuan, equivalent to that of the Chinese people spending 322 billion 500 million yuan a day.

This is a microcosm of the strong internal driving force of China's economy.

Faced with the complex and severe domestic and international situation, China's economic operation has started well since the beginning of this year. The main indicators remain at a reasonable interval and are better than expected, showing full toughness.

Steady economic growth.

In the first quarter, China's gross domestic product (GDP) was about 21 trillion and 300 billion yuan, more than the total GDP in 2005.

Calculated at comparable prices, an increase of 6.4% over the same period last year, and the growth rate was unchanged from the previous quarter.

"GDP growth continued for 14 consecutive quarters in the 6.4% to 6.8% interval, continuing the steady growth trend in recent years."

Zhao Tonglu, director of the national economic accounting department of the National Bureau of statistics, said.

Employment continues to increase.

In the first quarter, 3 million 240 thousand new jobs were made in cities and towns nationwide, 29.5% of the annual plan was completed, 1 million 170 thousand of the unemployed in urban areas were reemployed, and 390 thousand of them were employed.

In March, the unemployment rate of urban survey was 5.2%, down 0.1 percentage points from last month.

Prices have risen mildly.

In the first quarter, consumer prices nationwide rose 1.8% over the same period, or 0.3 percentage points lower than the same period last year.

Balance of payments is maintained.

In the first quarter, the total import and export volume of China's trade in goods increased by 3.7% over the same period last year.

At the end of 3, the exchange rate of RMB against the US dollar was 6.73 yuan / dollar, an increase of 1.9% over the end of last year, and the balance of foreign exchange reserves was 30988 billion US dollars, an increase of 8 billion 600 million US dollars over the end of last month, increasing for 5 consecutive months.

Residents' income growth is slightly faster than economic growth.

In the first quarter, the per capita disposable income of the whole population increased by 6.8%, faster than the GDP growth rate by 0.4 percentage points, faster than the per capita GDP growth rate.

Where does China's economic toughness come from?

Resilience comes from the fundamentals of China's economy.

China has strong material foundation, abundant human capital and huge potential for development. It is in the process of new industrialization, informatization, urbanization and agricultural modernization, and has broad market roundabout space.

China's development is still in an important period of strategic opportunities, and the long-term trend of economic development will not change.

In particular, in recent years, we have achieved positive results in deepening the structural reform of the supply side, pushing the economy into a virtuous cycle of price recovery, cost reduction, profitability improvement and confidence enhancement.

Toughness comes from the acceleration of new economic kinetic energy.

In the first quarter, the investment in high-tech manufacturing and high-tech service industries increased by 11.4% and 19.3% compared with the same period last year. The investment in manufacturing technology pformation increased by 16.9%, 10.6 percentage points faster than all investments, and the added value of industrial strategic emerging industries increased by 6.7% over the same period last year, 0.2 points faster than those in the above scale industries.

Mobile communication base station equipment, urban rail vehicles, new energy vehicles......

A new batch of new products and technologies is becoming a new bright spot for growth.

Resilience comes from continuous enhancement of development coordination.

In the past, China's economic growth was highly dependent on exports. Today, domestic demand is the "ballast stone" and "booster" of China's economy.

In the first quarter, the contribution rate of final consumption expenditure to economic growth was 65.1%, significantly higher than the total capital formation and the contribution rate of net exports of goods and services to economic growth, and domestic consumption continued to play a major engine role in economic growth.

"With the steady growth of residents' income, the reduction of taxes and the promotion of consumption policies, the consumption demand will be further released, and the consumer market is expected to continue to maintain steady growth in the whole."

Lin Tao, director of the Department of trade and external affairs of the National Bureau of statistics, said.

Resilience also comes from continuous growth.

With the deepening of the reform of the "pipe laying service" and the acceleration of the rule of law, internationalization and facilitation of business environment, the Chinese market is still one of the most popular investment hot spots in the world.

In the first quarter of this year, China's average daily registered new market was 53 thousand, an increase of 26.3% over the same period, and the actual use of foreign investment increased by 6.5% over the same period. The actual use of foreign investment in high-tech manufacturing increased by 14.8% over the same period, and the actual use of foreign investment in high-tech services increased by 88% over the same period.

"With the sharp deceleration of pnational capital flows across the globe, China's steady growth in attracting foreign investment has fully demonstrated the confidence of international capital in China's economic growth and the recognition of China's investment environment."

Wang Shouwen, Vice Minister of Commerce, said.

"China's economic development is full of resilience, which provides greater room for maneuver to meet external challenges and achieve high-quality development."

Yuan Da, director of the Policy Research Office of the national development and Reform Commission, said: "we are fully confident, qualified and able to maintain the economic operation in a reasonable range and achieve the annual target."