CCTV News: On April 16, the National Bureau of Statistics released the first quarter China's economic "report card". According to preliminary calculations, the GDP in the first quarter was 31875.8 billion yuan, which was a year-on-year increase of 5.4%, and a month-on-month increase of 1.2% over the fourth quarter of last year. In the first quarter, the national economy started smoothly and started well.

In the first quarter, China's economic growth rose steadily. The GDP grew by 5.4% year-on-year, higher than the national growth rate of 5% in 2024 and higher than the 5.3% growth rate in the first quarter of 2024, ranking among the top among major economies in the world. It continues the trend of steady improvement and steady recovery since 2024.

Production demand indicators accelerated their recovery. At the same time, employment is generally stable. After deducting price factors, the per capita disposable income of residents across the country increased by 5.6%, which is basically synchronized with GDP growth.

Sheng Laiyun, deputy director of the National Bureau of Statistics, said that in general, as various macroeconomic policies continued to exert force and effect in the first quarter, the national economy started steadily and started well, continued to rebound and improve, the leading role of innovation was enhanced, and new development momentum was accelerated to cultivate and strengthen. China has the confidence, ability and confidence to deal with external challenges

In response to the impact of the US imposing high tariffs on China, Sheng Laiyun, deputy director of the National Bureau of Statistics, said that China's economic foundation is stable, resilient and has great potential. We have the confidence, ability and confidence to deal with external challenges and achieve the established development goals.

Sheng Laiyun said that China is the world's second largest economy and has been firmly ranked as the largest manufacturing power for 15 consecutive years. The industrial system is complete, the supporting capabilities are strong, and the economic development foundation is stable and the foundation is solid.

At the same time, China has a population of more than 1.4 billion, a huge market size, and a per capita GDP of more than US$13,000. It is in a critical stage of consumption upgrading. The market has good growth potential, and there is a lot of room for investment and consumption, which will support the sustainable development of China's economy.

Sheng Laiyun introduced that in the short term, the United States imposed high tariffs will bring certain pressure on my country's foreign trade and economy, but it will not change the general trend of China's economy continuing to improve in the long term. China's economic foundation is stable, resilience is strong and has great potential. We have the confidence, ability and confidence to meet external challenges and achieve the established development goals.

Sheng Laiyun introduced that in the past five years, among the three major demands, the average contribution rate of domestic demand to economic growth exceeded 80%. In 2024, the added value of the "three new" economy will account for about 18% of GDP, and the added value of the core industries of the digital economy will account for about 10% of GDP. The continuous growth of new momentum is conducive to enhancing the coordination and stability of China's economy.

Sheng Laiyun introduced that in response to the external situation in 2025, the government has repeatedly stated that it will promptly introduce incremental policies based on changes in the external situation. Our policy toolbox is rich, responding to external shocks and challenges, and is guaranteed in policies.