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Good start to Q1 shows strength and resilience of Chinese economy

April 19, 2023

At a news briefing organized by the Chinese National Development and Reform Commission on April 19, the spokesperson said that the good start in the first quarter fully demonstrated the resilience and vitality of China’s economy. In the first quarter, the electricity production of large Chinese enterprises increased by 2.4 percent and the electricity consumption of the whole society increased by 3.6 percent.

China’s National Development and Reform Commission approved 42 fixed asset investment projects with a total investment of 280 billion yuan, mainly concentrated in high-tech, energy, water conservancy and other industries. In the first quarter, a total of 4,186 China-Europe trains operated, transporting 450,000 standard containers, an increase of 15 percent and 28 percent, respectively, from the same period last year.

(Credits- China Media Group, Beijing)

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