First-quarter figures set record amid stable policy

First-quarter figures set record amid stable policy
By ZHOU LANXU |
CHINA DAILY |
Updated: 2021-04-17 06:38
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A staff member works in a workshop of a vehicle wheel hub manufacturer in Yutian county of Tangshan city, North China's Hebei province, April 16, 2021. [Photo/Xinhua]
China posted record economic growth in the first quarter, signaling that recovering consumer spending may soon help the world's second-largest economy return to pre-COVID-19 growth conditions, officials and experts said on Friday.
The foundation of the recovery, however, is not yet solid with lingering distress facing some businesses, thus the "no sharp turn" macroeconomic policy stance will remain intact, they said.

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