Data released by the National Bureau of Statistics on April 16 shows that China's gross domestic product (GDP) for the first quarter of 2026 reached 33.4193 trillion yuan, representing a year-on-year increase of 5.0% calculated at constant prices. This growth rate accelerated by 0.5 percentage points compared to the fourth quarter of the previous year.
By industry, the value added of the primary industry was 1.1941 trillion yuan, up 3.8% year-on-year. The secondary industry saw its value added reach 11.6135 trillion yuan, growing by 4.9%. The tertiary industry's value added amounted to 20.6117 trillion yuan, increasing by 5.2%. On a quarter-on-quarter basis, GDP grew by 1.3% in the first quarter.
During the first quarter, all regions and departments thoroughly implemented the decisions and plans of the Party Central Committee and the State Council, intensifying efforts to enact more proactive and effective macro policies. Focus was placed on stabilizing employment, enterprises, markets, and expectations, while accelerating the cultivation and development of new quality productive forces. Production and supply growth picked up pace, market demand continued to improve, the employment situation remained generally stable, and market prices experienced a moderate rebound. High-quality development advanced with new and improved characteristics, marking a strong start for the national economy and further demonstrating its resilience and vitality.
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