Its remarkable resilience is key asset of the Chinese economy

ALMOST ALL THE MAJOR INDICATORS of the Chinese economy performed well in the first quarter, which grew by 6.4 percent year-on-year. The resilience of the Chinese economy provides the country with solid material foundation to maintain stable and healthy development, despite the external pressure. Beijing News commented on Monday:

China's economic growth in the first quarter was a good start to the year and it has consolidated people's confidence in the potential of the economy.

The purpose of growth is to increase people's incomes, which stimulates consumption, which in turn boosts production forming a virtuous circle.