On April 16th, the National Bureau of Statistics released data showing that China's gross domestic product (GDP) for the first quarter of this year was 29629.9 billion yuan, a year-on-year increase of 5.3% at constant prices and a month on month increase of 1.6% compared to the fourth quarter of 2023. In terms of industries, the added value of the primary industry was 1153.8 billion yuan, a year-on-year increase of 3.3%; The added value of the secondary industry was 1.09846 trillion yuan, an increase of 6.0%; The added value of the tertiary industry was 1.74915 trillion yuan, an increase of 5.0%.

In the first quarter, the total retail sales of consumer goods reached 1.20327 trillion yuan, a year-on-year increase of 4.7%; National fixed assets investment increased by 4.5% year on year; The total import and export volume of goods increased by 5.0% year-on-year; The average national urban survey unemployment rate was 5.2%, a decrease of 0.3 percentage points from the same period last year. Production demand remained stable with an upward trend, and new achievements were made in high-quality development. The national economy continued to recover and improve, with a good start.