International financial institutions： China’s economic growth highlights in the first quarter, and more consumption has a significant boost.

CCTV News:With regard to the operation of China’s economy, many international financial institutions said that in the first quarter of this year, China’s macroeconomic development showed many bright spots, including the rebound in consumption, steady investment in service industry and infrastructure, and foreign trade growth exceeding expectations. Among them, the wholly-owned company established by Fitch Ratings in China — — Tang Daqian, an analyst at Fitch Bohua, pointed out that consumption plays a significant role in boosting China’s economy.

Tang Daqian, Deputy Director of Huiyu Bohua Industrial and Commercial Enterprise Department:With the expansion of consumption radius and richer consumption scenarios, this directly beneficial service industry may recover more vigorously. We are optimistic about China’s economic growth in the first quarter of 2023, including the whole year. We believe that China’s economic growth is resilient.

Looking forward to the whole year of 2023, analysts predict that China’s economic growth will continue to maintain a "steady to good" trend in the future and lead the world.

Xing Ziqiang, Chief Economist of Morgan Stanley China:We judge that after a strong recovery in the first quarter, China’s economic growth (speed) is expected to reach 5.7% this year, contributing more than 40% to the global economic growth, and China and Asia have outperformed and led the world.