China’s economic development momentum will continue to increase and promote the recovery of economic operation.

CCTV News:At the press conference of the State Council Office held yesterday (April 18), Fu Linghui, a spokesperson for the National Bureau of Statistics, said that since the beginning of this year, China’s economy as a whole has shown a recovery trend, which has laid a good foundation for achieving the expected development goals for the whole year. The annual economic growth is expected to show a gradual recovery trend.

Since the beginning of this year, consumption has rebounded obviously, which has increased the pull on economic growth. With the improvement of the employment situation, the promotion of consumption policies and the increase of consumption scenarios, residents’ consumption power and willingness are expected to improve.

All localities actively promoted the construction of major projects, and the overall investment maintained a steady growth. With the transformation and upgrading of traditional industries, the innovation and development of emerging industries have continued, and the support for the real economy has increased, which is conducive to investment growth.

China has deeply implemented the innovation-driven development strategy, strengthened strategic scientific and technological strength, and promoted industrial upgrading and development. Technologies such as 5G network, information and artificial intelligence have developed rapidly, and new industries have emerged. At the same time, the pace of green and low-carbon energy transformation is accelerating, the demand for new products is expanding, and the transformation of traditional industries for energy saving and consumption reduction is increasing, and the driving role is also increasing.　　

Fu Linghui, spokesperson of the National Bureau of Statistics:Macro-policies have been effective continuously, proactive fiscal policies have been strengthened to improve efficiency, and prudent monetary policies have been precise and powerful, highlighting the work of stabilizing growth, employment and prices, and the effects have been constantly emerging. With the further implementation of the State Council’s decision-making arrangements, China’s economic development momentum will continue to increase and promote the recovery of economic operation.