Title: China’s Economic Trend Continues to Improve as Physical Quantity Indicators Show Growth
China’s economy is on the rise, with the first quarterly economic report revealing positive growth indicators. The GDP increased by 5.3% year-on-year, fixed asset investment saw a 4.5% year-on-year increase, and the added value of high-tech manufacturing rose by 7.5% year-on-year. These figures indicate a strong and steady start to the year for China’s economy.
One key aspect of assessing economic growth is examining physical quantity indicators such as electricity consumption, freight volume, and consumer market dynamics. In the first quarter, electricity consumption in the secondary industry increased by 8% year-on-year, reflecting increased production activity. Industries like high-tech and equipment manufacturing saw significant growth in electricity consumption, indicating the development of new productivity.
Similarly, national freight volume, port cargo throughput, and express delivery business volume all showed positive growth, reflecting a robust consumer market. E-commerce logistics centers and port terminals are bustling with activity, pointing to increased demand within the domestic market.
These physical quantity indicators not only reflect economic growth but also provide insights into future trends. With indicators like the offline consumption heat index and manufacturing investment heat index showing significant growth, there is confidence in China’s economic outlook.
Foreign institutions have also raised their forecasts for China’s economic growth, with Goldman Sachs and Citigroup predicting GDP growth of around 5%. As policy support continues and endogenous driving forces strengthen, China’s economic trend is expected to continue its upward trajectory.
The positive performance of physical quantity indicators is a clear sign of China’s economic resilience and growth potential. As the year progresses, the outlook for China’s economy remains promising with continued improvements on the horizon.