China's economy made a tremendous leap in early 2025

Beijing, April 21 (IANS). China’s economy made a strong start in the first quarter of 2025. China’s growth was better than expected, despite the global unrest, trade tensions with the US and the fear of the global recession. According to the latest government data, China’s GDP increased by 5.4% between January and March, which is a significant increase compared to the same period last year. In this quarter, the GDP of China was 31,875 trillion yuan, which is equivalent to about 4.3 trillion dollars. There were many positive factors behind this growth, including the growing purchasing power of people, strong agricultural production, high -tech manufacturing, better employment and market confidence. People spent a lot during the festive season, which also encouraged the service sector. In March, industrial production increased by 7.7% and 6.5% in the entire quarter. At the same time, areas such as high -tech and advanced manufacturing also showed strong growth. The Chinese government is constantly making efforts to upgrade traditional industries with modern technology. China focuses on ‘new quality productive powers’ and associates its manufacturing base with science and innovation. Examples such as Deepcic AI show how the country’s economy gets new pace by adopting startups and new technology. Technology has shown its magic not only in manufacturing, but also in agriculture. Crop production increased by 4% in the first quarter. The unemployment rate in cities also dropped from 5.4% from February to 5.2% in March. At the same time, retail sales, ie consumer goods sales, also rose 4.6%, which clearly shows that people do not hesitate to buy. Talking about foreign trade, China’s total trade increased by 1.3% to 10.3 trillion yuan. Mainly trade relations with ASEAN and BRI countries have supported the growth of China. Trade with ASEAN increased by 7.1% and Bri countries contributed 51.1% to the total foreign trade in China. Chinese President XI Chinfing’s recent visits to Vietnam, Malaysia and Cambodia have also given new energy to trade relations. The Chinese government has also launched a special scheme for 2025 to promote foreign investment, including 20 concrete steps to attract more investments from abroad. Although international challenges such as protectionism, geopolitical tension and US pressure remain, China’s economy shows flexibility. Policymakers are in an active mode to achieve this year’s development goal and make market -friendly decisions. However, the road ahead is not easy at all. China will constantly have to make smart decisions to face global uncertainty and internal challenges. But the velocity seen so far says that China is currently on the right track in its economic mission. (Sincer- China Media Group, Beijing) -ians ABM/