Robust local economic data point to signs of resilience
The robust economic performance of many local governments and cities has offered concrete evidence that China's economic growth remained resilient during the first quarter, with the pivot shifting from traditional industries to emerging industries.
During the first quarter of the year, Yunnan province posted gross domestic product growth of 9.7 percent on an annualized basis, the highest among the 31 provinces, municipalities and autonomous regions which released economic indicators recently, followed by Guizhou province (9.2 percent) and the Tibet autonomous region (9.1 percent).
Among the 31 provinces, municipalities and autonomous regions, the majority of them recorded GDP growth rates higher than the national average of 6.4 percent, according to the statistics bureaus at the provincial level.