Business
21:07, 23-Apr-2018
China’s high-quality development off to good start: CPC Politburo
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China has seen a good start to its quest for high-quality development, the Political Bureau of the Communist Party of China (CPC) Central Committee said on Monday.
The economy maintained steady growth in the first quarter of the year, with major indicators pointing to stronger domestic demand and good coordination between the growth of the industrial and service sectors, according to a statement released after a meeting of the bureau.
GDP expanded by 6.8 percent year-on-year in the first three months of 2018, unchanged from the growth rate in the previous quarter, official data showed last week.
Economic restructuring has played a bigger role in supporting growth as good progress was made in developing new industries and upgrading traditional sectors, the statement said.
The statement also said China will maintain its proactive fiscal policy and integrate restructuring with expanding domestic demand. The announced opening-up measures will be carried out as soon as possible, it added.
Source(s): Xinhua News Agency