2019年CRI Q1 GDP performance shows steady progress of China's economy: official

 

Official stats showed that China's economy grew by 6.4 percent year-on-year in the first quarter, matching the growth rate recorded in the fourth quarter of last year.

Mao Shengyong with the national statistics bureau said the figure shows the steady progress of China's economy.

"The national economy enjoyed a stable performance with positive growth factors and stronger market expectations and confidence, sustaining the momentum¹ of progress in overall stability. According to the preliminary estimation, China's GDP was 21.34 trillion yuan, about 3.18 trillion U.S. dollars, in the first quarter. That represents an increase of 6.4 percent year-on-year, but 0.4 percentage points lower than the same period last year and 0.2 percentage points lower than 2018," Mao said.

The data suggests consumption has played a prominent role in driving growth.

Growth was also recorded in investment and foreign trade in the first three months of the year.

"Consumption contributed more than 60 percent of the economic growth, and it keeps upgrading. In terms of the investment structure, overall investment continues to recover. Investment in technological² upgrading, high-tech³ industries, the social sector⁴, and some weak areas has maintained a relatively⁵ fast growth. These have all added momentum to future development. In foreign trade, the proportion of imports and exports in general trade rose by 1.3 percentage points year-on-year," Mao added.

Throughout the first quarter, the employment rate remained stable with the number of newly created urban jobs reaching almost 30 percent of the annual target.

People's income also grew, with per capita disposable income increasing by 6.8 percent year-on-year, outpacing the growth in GDP.

Authorities attribute the growth in China's economy to the policies of reform and opening up as well as tax cuts.

Meantime, spokesman Mao Shengyong suggested steps be taken to prevent internal and external risks from impacting economy stability.

"Generally speaking, the national economy performed within an appropriate range in the first quarter, which laid a sound foundation for stable and healthy economic development for the whole year. However, at the same time we should also be aware that, given slowing global economic growth and international trade, increasing international uncertainties⁶, and prominent domestic structural⁷ issues, the task of reform and development is arduous⁸ and economic pressure still persists," Mao said.

Days ago, the International Monetary⁹ Fund adjusted its expectations for China's annual GDP growth from 6.2 to 6.3 percent.

Meantime, some global investment banks also expect growth in China to recover this year.

1 momentum   

n.动力，冲力，势头；动量

参考例句：

• We exploit the energy and momentum conservation laws in this way.我们就是这样利用能量和动量守恒定律的。
• The law of momentum conservation could supplant Newton's third law.动量守恒定律可以取代牛顿第三定律。

2 technological   

adj.技术的；工艺的

参考例句：

• A successful company must keep up with the pace of technological change.一家成功的公司必须得跟上技术变革的步伐。
• Today,the pace of life is increasing with technological advancements.当今， 随着科技进步，生活节奏不断增快。

3 high-tech   

adj.高科技的

参考例句：

• The economy is in the upswing which makes high-tech services in more demand too.经济在蓬勃发展，这就使对高科技服务的需求量也在加大。
• The quest of a cure for disease with high-tech has never ceased. 人们希望运用高科技治疗疾病的追求从未停止过。

4 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

5 relatively   

adv.比较...地，相对地

参考例句：

• The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
• The operation was relatively painless.手术相对来说不痛。

6 uncertainties   

无把握( uncertainty的名词复数 )； 不确定； 变化不定； 无把握、不确定的事物

参考例句：

• One of the uncertainties of military duty is that you never know when you might suddenly get posted away. 任军职不稳定的因素之一是你永远不知道什么时候会突然被派往它处。
• Uncertainties affecting peace and development are on the rise. 影响和平与发展的不确定因素在增加。 来自汉英非文学 - 十六大报告

7 structural   

adj.构造的，组织的，建筑（用）的

参考例句：

• The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
• The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。

8 arduous   

adj.艰苦的，费力的，陡峭的

参考例句：

• We must have patience in doing arduous work.我们做艰苦的工作要有耐性。
• The task was more arduous than he had calculated.这项任务比他所估计的要艰巨得多。

9 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。