"While China's economic structure is improving, new momentum is also gathering," Guo said.
As a significant growth driver, consumption contributed to 77.2 percent of GDP increase in the first quarter.
The service sector as a whole rose 7.7 percent year on year in the first quarter, faster than the 3-percent increase in agriculture and 6.4 percent in the secondary industry. It accounted for 56.5 percent of the overall economy.
Economic vitality is also being stimulated by new technology, urbanization, entrepreneurship and a burgeoning share economy, according to Guo.
China is also steadily pushing forward the Belt and Road Initiative, coordinated development of the Beijing-Tianjin-Hebei region as well as programs related to the Yangtze River economic belt and the Xiongan New Area, which Guo believes will provide ample growth.
The latest data reinforces views that a stabilizing economy will give policymakers more scope to contain debt and financial risks.
Many economists believe that China has laid a solid foundation to realize its full-year economic target of around 6.5-percent growth. E
【国内英语资讯:Economic Watch: Chinas growth outlook positive despite uncertainties】相关文章:
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