China reports 5.4% GDP growth in Q1 of 20252025/4/17 8:47:25(Beijing Time) Lange Steel
China's gross domestic product expanded by 5.4 percent year-on-year in the first quarter, the same pace as the previous quarter, official data showed on Wednesday, posting a steady recovery despite headwinds and mounting uncertainties.
The country's GDP grew to 31.88 trillion yuan ($4.35 trillion) in the first quarter, according to the National Bureau of Statistics. On a quarter-on-quarter basis, China's GDP grew by 1.2 percent in the first quarter, the NBS said.
Despite the improvement in key economic indicators, the NBS warned of pressures from a more complicated and grimmer external environment and lackluster domestic demand, saying the foundation for sustained recovery is yet to be consolidated.
In the next step, the NBS said the country should implement more proactive and effective macro policies. More efforts should also be made to stimulate the vitality of market entities of all types and actively respond to uncertainties from the external environment.
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