CCTV News: The State Council Information Office held a press conference on April 16, and relevant persons in charge of the National Bureau of Statistics introduced China's macroeconomic situation in the first quarter. According to preliminary calculations, the GDP in the first quarter was 31875.8 billion yuan, accounting for constant prices, an increase of 5.4% year-on-year, an increase of 1.2% month-on-month over the fourth quarter of last year.

In the first quarter, China's economic growth steadily increased. The GDP grew by 5.4% year-on-year, higher than the national growth rate of 5% last year and higher than the 5.3% growth rate in the first quarter of last year. It ranks among the top major economies in the world, continuing the trend of steady improvement and steady recovery since last year. Production demand indicators are recovering rapidly. At the same time, employment income is generally stable. After deducting price factors, the per capita disposable income of residents across the country increased by 5.6%, which is basically synchronized with GDP growth.

In the first quarter, the balance of payments was in good condition.

Sheng Laiyun, deputy director of the National Bureau of Statistics, said that in the first quarter, the momentum of global economic growth was weak, but my country's imports and exports remained basically stable. In the first quarter, the import and export of goods increased by 1.3% year-on-year, and exports increased by 6.9%; from January to February, the import and export of services increased by 9.9%; at the end of March, the balance of foreign exchange reserves remained above US$3.2 trillion. This is very difficult. Since February, international trade restrictions have increased and exports have maintained a rate of 6.9%, showing the resilience of China's exports.

In the first quarter, my country's high-quality economic development was new and improving. The added value of high-tech manufacturing above the scale increased by 9.7% year-on-year. Green development continues to advance. In the first quarter, the proportion of non-fossil energy consumption in total energy consumption increased by 1.5 percentage points year-on-year.

Since this year, market vitality and confidence has increased. The macro policies introduced in the early stage and the incremental policies that have been expanded and increased since this year have been combined to effectively expand demand, promote production, stimulate vitality and enhance confidence.

Sheng Laiyun, deputy director of the National Bureau of Statistics, said that in March, the manufacturing purchasing managers index was 50.5%, up 0.3 percentage points from the previous month, and rebounded for two consecutive months. Some physical quantity indicators show that the support role of production factors is increasing.

National Bureau of Statistics: China has the confidence, ability and confidence to deal with external challenges

At the press conference, Sheng Laiyun, deputy director of the National Bureau of Statistics, said that we firmly oppose the United States' tariff barriers and trade bullying, which harms others and is not beneficial to oneself. In the short term, the United States imposed high tariffs will put some pressure on my country's economy and foreign trade, but it will not change the general trend of China's economy continuing to improve in the long term. China has a stable economic foundation, many advantages, strong resilience and great potential. We have the confidence, confidence and ability to deal with external challenges and achieve the established development goals.