China-Economic Growth/Foreign Media

Chinese Radio 7 views
China Central Television (CCTV)

STORYLINE:

China's robust economic performance in the first quarter of 2021 have received positive comments from several Russian and French media outlets, who have highlighted the faster-than-expected expansion from the COVID-19 epidemic in the world's second-largest economy.

China's economy grew 18.3 percent year on year in the first quarter this year, as strong domestic and foreign demands powered recovery from a low base in early 2020 when COVID-19 stalled the economic growth.

The gross domestic product (GDP) reached 24.93 trillion yuan (about 3.82 trillion U.S. dollars) in Q1, up 0.6 percent from the fourth quarter of last year, data from the National Bureau of Statistics (NBS) showed Friday.

A report on Russia Today website analyzed Chinese economic data on Friday. Citing the words of Alexey Maslov, acting director of the Institute of Far Eastern Studies of the Russian Academy of Sciences, the report pointed out that China's economic data in the first quarter showed that the dual-circulation development pattern carried out by the Chinese government has been effective and producing positive results.

Russian newspaper Kommersant said in a report Friday that China's GDP growth in the first quarter broke its own record set in 1992, and as the world's second largest economy continues to show great momentum in recovering from the epidemic.

An article published by Russian magazine Expert also pointed out that China was among only a small handful of countries in the world to achieve economic growth last year after the COVID-19 epidemic, and China's economic recovery has been better than economists' forecasts.

Meanwhile, French financial newspaper Les Echos reported that the economic data for the first three months showed China's economic recovery has been further consolidated. Thanks to the effective control of the epidemic, the article noted, China's economy had recovered to its pre-epidemic level by the end of last year and achieved positive economic growth for the whole year in 2020.

Add Comments