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New figures from China's top economic planner show that the nation's economy continues to grow at a steady pace. They have also responded to the impact of the latest US tariff hikes on China's economy. CGTN's Zou Yun has more.
China's economic performance continued within a reasonable range and maintained stable momentum in April.
The nation's power generation rose 6.5 percent year on year in April. Meanwhile, China's consumer price index (CPI), a main gauge of inflation, rose 2.5 percent year on year last month. Moreover, The Logistics Performance Index stood at 53.5 percent in April, up nearly 1 percentage point from the previous month. A reading above 50 percent indicates expansion.
The United States took steps to increase additional tariffs on around 300 billion U.S. dollars worth of Chinese goods on Monday. When asked about the impact of this tariff hike on China's economy, spokesperson Meng Wei said the overall challenge of trade tension since March of last year is controllable.
She added that the government has implemented and will continue to carry forward measures to stabilize its economy in areas such as consumption, investment and employment.
MENG WEI, SPOKESPERSON NATIONAL DEVELOPMENT AND REFORM COMMISSION "For example, in response to the downward pressure on the economy, we will work with relevant departments to promote high-quality development. We will also build a modernized economic system, implement the policy of reducing taxes and fees, and we will pay greater attention to invigorating the market through deepening reform and opening wider to the outside world."
ZOU YUN BEIJING "The Chinese economy maintained a stable growth in the first four months of 2019, and the headwinds for growth for the rest of the year remain strong. The government says efforts to further deepen reform and opening up are key in retaining the resilience and high-quality of China's economic growth. ZY, CGTN, BJ."