China leads the world in economic growth in the first 2021 quarter

What you need to know:

As the world’s second-largest economy and the main engine of global economic growth, China’s rapid economic development will make a positive contribution to further boosting confidence in economic development of all countries in the world, stimulating demand for international economic development and promoting world economic recovery.

In 2020, in the face of the impact of the COVID-19 pandemic, while doing its utmost to fight the pandemic, China has striven to withstand the pressure of the world economic recession, actively adopted prudent economic policies and promoted economic and social development, becoming the only major economy in the world that achieved positive growth. So far this year, driven by a variety of government policies, China’s economy has made an exciting start early this year. According to data released by National Bureau of Statistics of China, the gross domestic product (GDP) in the first quarter of 2021 reached 24,931 billion yuan (approximately $3,835.5 billion), up by 18.3 percent year on year and 10.3 percent over that in the first quarter of 2019, registering the largest single-quarter increase since 1970.