On April 18, China's National Bureau of Statistics released data. According to preliminary calculations, China's gross domestic product (GDP) in the first quarter of this year was 27,017.8 billion yuan, a year-on-year increase of 4.8% at constant prices.

On April 13, data released by the General Administration of Customs of China showed that in the first quarter, the total import and export value of China's trade in goods was 9.42 trillion yuan, a year-on-year increase of 10.7%.

In the face of multiple risks and challenges, China's economy has risen to the challenge, and the overall start has been stable, which has attracted great attention from foreign media.

  Growth exceeds expectations

  "Exceeding Expectations" - In the past few days, China's latest economic report card has attracted great attention from major foreign media.

  According to Reuters, China's GDP grew by 4.8% year-on-year in the first quarter, exceeding analysts' forecast of 4.4%, and higher than the 4% growth in the fourth quarter of last year.

  TASS pointed out that in the first quarter, in the face of the more complex and severe international environment and the multiple challenges brought about by the frequent domestic epidemics, China's national economy continued to recover and developed, and the economy was running smoothly on the whole.

China's economic growth of 5.5% this year has foundation and conditions.

  According to a report on the Nihon Keizai Shimbun website, China's fixed asset investment remained strong in the first quarter, with an increase of 9.3%, of which infrastructure investment increased by 8.5%, driving China's economic growth beyond expectations.

In addition, exports have also become the main factor driving the upward trend of the economy.

  China's foreign trade data in the first quarter has also become a hot topic in foreign media.

  Latin American news agency said that in the first quarter of this year, China's exports of goods trade increased by 13.4% year-on-year, and imports increased by 7.5% year-on-year.

China's export trade has shown vitality, promoting a stable start to foreign trade.

  The "New India Express" reported that despite the complicated international situation and the severe situation of the new crown pneumonia epidemic, China's foreign trade continued to grow in the first quarter.

  The French "Echo" pointed out that China's export situation is good.

ASEAN regained its position as China's largest trading partner in the first quarter.

  Russia's "Labor Daily" has noted that since the Regional Comprehensive Economic Partnership (RCEP) came into effect on January 1 this year, the trade volume between China and RCEP member countries has grown steadily.

In the first quarter, China's import and export trade volume with the other 14 RCEP member countries increased by 6.9% year-on-year to 2.86 trillion yuan.

  "China's economy is off to a strong start in 2022," CNN pointed out.

The US Consumer News and Business Channel (CNBC) quoted analysts as saying that they remain confident in the long-term resilience and vitality of the Chinese economy.

  policy continues

  On April 15, the People's Bank of China decided to lower the deposit reserve ratio of financial institutions by 0.25 percentage points, and continued to make efforts to support the real economy and stabilize macroeconomic fundamentals.

Georgieva, President of the International Monetary Fund (IMF), commented that the Chinese government has made efforts to mitigate the negative impact of the epidemic on the economy through crisis response measures, liquidity supply, fiscal policy and financial support, and the IMF supports these policy measures. .

  Reuters recently noted that the People's Bank of China said that it will increase financial support for industries, enterprises and people affected by the new crown pneumonia epidemic, and guide financial institutions to expand loans and make reasonable profits to the real economy.

  Singapore's "Lianhe Zaobao" website reported that China emphasized efforts to achieve "people's livelihood should be supported, freight should be smooth, and industries should be recycled", and efforts should be made to stabilize the industrial chain and supply chain.

The media also pointed out that the manufacturing industry, which maintained strong growth, became the main driver of China's economic growth in the first quarter.

  "The 'new infrastructure' plan will help China grow steadily." The Bloomberg News website recently reported that at present, in addition to the construction of traditional infrastructure such as roads and railways, China also supports the construction of infrastructure in the manufacturing and service industries, such as factories, Industrial parks, technology incubators and even theme parks.

China is also working to shift to more advanced areas such as electric vehicles, renewable energy and microchips to ensure that China retains its dominant position in global manufacturing.

In addition to job creation, China's vigorous promotion of infrastructure construction is also an important measure to ensure the annual economic growth target.

  Several foreign media such as CNBC and Bloomberg pointed out that since the second half of last year, the issuance of special bonds by Chinese local governments has laid the foundation for accelerating infrastructure investment in the future.

That suggests China is ramping up stimulus to boost an economy overshadowed by the outbreak.

  The Latin American news agency said that China and its major trading partners have increasingly close economic and trade exchanges, while focusing on the internal circulation market.

This year, China has put stable growth in a prominent position. At the same time, China has expanded its opening up, accelerated innovation, and focused on promoting high-quality economic development.

  driving global recovery

  At present, under the multiple pressures of repeated epidemics, geopolitical tension, and high inflation, the uncertainty of the world economy has increased.

According to Kyodo News, on April 19, local time, the IMF estimated that the global economic growth rate this year will be 3.6%, down 0.8 percentage points from the January forecast.

Growth forecasts for major advanced economies such as the U.S. and Japan have been downgraded this year.

  As the world's second largest economy, China's economic performance affects the world.

German news television said China remained the biggest driver of global economic growth.

With the gradual improvement of the epidemic situation and the improvement of domestic demand in China, coupled with the economic recovery in Europe and the United States, the global economic development will gradually return to the right track.

  The German "Economic Weekly" pointed out that the current production and consumption in Europe and the United States are in the stage of recovery and rising, and there is still a lot of room for improvement in demand. China's export growth rate is expected to maintain double-digit growth.

With the official entry into force of RCEP, the economic and trade exchanges between China and ASEAN will be further expanded and deepened. ASEAN is expected to continue to maintain its status as China's largest trading partner, thereby promoting the overall growth of China's foreign trade.

  In addition, data show that in the first quarter of this year, China's actual use of foreign capital increased by 25.6% year-on-year.

  Margit Molnar, director of the China Policy Research Office of the Organization for Economic Cooperation and Development, pointed out that China's good growth prospects and further opening-up measures will help continue to attract foreign capital inflows.

  "China is more deeply integrated into the global economy than ever before." The New York Times recently published an article saying that globalization, as a basic trend, has not fundamentally changed, especially since China has been widely integrated into the global supply chain.

China's development has been and is still an important driving force behind the globalization of trade and investment.

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