China's economy has achieved a robust start this year, with its first-quarter gross domestic product (GDP) growing 5.0% year-on-year, drawing continued attention from international media. Thailand's leading English-language newspaper, the Bangkok Post, published an article on April 18 suggesting that, supported by high-quality development, China's economy is now advancing along a more sustainable growth path.
The article noted that China maintains an annual real GDP growth rate of around 5%. More importantly, China is using this momentum to shift its policy focus from rapid economic expansion to high-quality development. It emphasized that China's economic growth is increasingly driven by industries poised to foster long-term national progress, including breakthroughs in artificial intelligence, high-tech manufacturing, and new energy sectors. On a broader level, China is making significant strides in building a modern industrial system.
The article also pointed out that China's ability to achieve high-end technological performance at relatively lower costs enables it to continuously increase industrial value-added while maintaining global price competitiveness. Rapid technological iteration and the scaled application of new technologies allow Chinese exports to compete in more high-value-added product categories within emerging markets.
Separately, ABC News also highlighted China's first-quarter economic data. The report stated that China's economic growth accelerated in the first quarter, expanding 5% compared to the same period last year. It noted that the official first-quarter economic figures exceeded economists' expectations and were higher than the growth rate recorded in the fourth quarter of last year. So far, the Chinese economy has remained largely unaffected by conflicts in the Middle East.
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