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Q1 data reflects confidence and strength of Chinese economy

chinadaily.com.cn | Updated: 2024-04-19 06:40

Wei Jianguo, former vice-minister of commerce, speaks at an annual conference in Beijing on Dec 5, 2020. [Photo/VCG]

From the economic data of the first quarter, three major highlights can be seen in the Chinese economy.

Firstly, the effect of high-quality economic development has been achieved. Traditional industries are upgrading, emerging industries are growing steadily and future industrial cultivation is also strengthening.

Secondly, the innovative effects of the institutional mechanisms have been highlighted, promoting reforms in rules, regulations, management and standards.

Thirdly, China's high-level opening-up measures have had a positive impact on our country's business environment, particularly in attracting foreign investment.

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