Multiple Favorable Factors Existing for Stable Performance And Sustained Economic Recovery

The fundamentally positive outlook for China's economy has not changed, with multiple favorable factors existing for stable performance and sustained economic recovery, according to the country’s National Bureau of Statistics (NBS).

The country’s retail sales of consumer goods, a major indicator of the country's consumption strength, expanded by 5.1 per cent year on year (YoY) in April to 3.72 trillion yuan (~$517.27 billion), while the total value of goods trade in the month reached 3.84 trillion yuan—an increase of 5.6 per cent YoY, NBS data showed.

China's economy withstood pressure and maintained stable growth, continuing on a path of positive development amid internal challenges and increasing external shocks, NBS spokesperson Fu Linghui told a recent press conference.