The article looks at the resilience and potential of the Chinese economy.
China's economy performed well in the first quarter of the year.
The country's GDP grew by 5.4 percent in the first quarter of the year, ranking it among the highest of the world's major economies and positioning it to better weather global uncertainties.
The Chinese leadership studied the current economic situation during a meeting of the Political Bureau of the Communist Party of China Central Committee on Friday.
The country has seen its economy improve this year, with public confidence continuously boosted and solid progress made in high-quality development, so the meeting called for efforts to accelerate the implementation of more proactive and effective macro policies and boost service consumption to strengthen the role of consumption in driving economic growth.
More effective macro policies.
Fixed-asset investment went up 4.2 percent in the first quarter, with investment in infrastructure construction rising 5.8 percent and manufacturing investment increasing 9.1 percent.
The country's economy showcases strong resilience and potential thanks to policy support, local-level responsiveness and the rapid build-up of innovation-driven momentum.
A series of targeted macro policies have already taken effect, and more incremental policies will be introduced as needed to mitigate external shocks, as China has made thorough policy preparations to address external changes.
Friday's meeting called for efforts to make full use of a more proactive fiscal policy and a moderately loose monetary policy, coordinate domestic economic work and endeavors in the international economic and trade field, unswervingly manage the country's own affairs well, and keep employment, businesses, markets
Efforts should be made to make good use of aggregate and structural policy tools, cut reserve requirement ratios and interest rates when appropriate, and boost consumption and corporate investment demand, according to the chief economist at Yuekai Securities.
There is a multi-pronged approach for struggling enterprises.
The meeting urged a multi-pronged approach to aid businesses facing challenges.
Stressing the need to ensure people's livelihood, it said that the proportion of unemployment insurance funds returned to enterprises to keep payrolls stable will be increased.
China's foreign trade enterprises are responding to the recent U.S. tariffs with innovative products, seizing orders and expanding markets.
The country has taken swift and proactive measures to cope with tariffs, reaching out to broader overseas markets while bolstering domestic sales channels with upgraded products.
Bai urged the use of policies such as financial support and consumption coupon subsidies to further support foreign trade enterprises and to increase financial subsidies for export-to-domestic enterprises.
Increasing service consumption.
Friday's meeting urged removal of restrictive measures in the consumption sector and the introduction of a re-lending facility for service consumption and elderly care.
Retail sales of consumer goods, a major indicator of the country's consumption strength, increased in the first quarter of 2025, as service consumption has become a new engine of economic growth.
Retail sales of services grew in the first quarter supported by policies to boost consumption.
In addition, a series of documents to boost service consumption are implemented.
According to a report by the China Institute for Reform and Development, the per capita services consumption of China's urban and rural residents could reach 20,000 yuan by the year 2030.
Chi Fulin, head of the think tank, said that services consumption has become a propeller of goods consumption.
For more information, please click here.
The source of the information is the CGTN.
China and Kambodscha are both in the same area.
Chiny i Kamboda model rwnoci, wzajemnego.
Do not sell or share my information.

Source prnewswire