Beijing, April 19: Amid rising global geopolitical risks and volatile energy markets, the greatest hope for the world economy is to maintain stability during turmoil. China’s economic performance in the first quarter of the 15th Five-Year Plan reflects this direction.
According to a global survey conducted by China Global Television Network (CGTN), 89.3% of respondents believe that China’s certainty is increasingly valued during turbulent times.
In the first quarter of this year, China’s economic growth reached 5%, aligning with the upper end of annual growth forecasts. During the same period, the International Monetary Fund reduced its global economic growth forecast for this year to 3.1%. A significant 89.8% of respondents believe this comparison further highlights the strong resilience of the Chinese economy. Additionally, 79.8% stated that the stable growth of this vast economy has become a stabilizing force in a globally uncertain environment.
Looking at specific economic data, China’s retail sales in the service sector grew by 5.5% compared to the same period last year, while total retail sales of consumer goods saw a 2.4% increase. The survey indicated that 86.9% of respondents believe that various positive changes, such as the adaptation of visa-free policies and the upgrading of service consumption, are rapidly revealing the latent potential of China’s consumer market. Furthermore, 84.3% noted that China’s economy is gradually shifting from an investment and export-based model to one supported by consumption, innovation, and services.
Remarkably, China’s total imports and exports in the first quarter exceeded 11 trillion yuan, reflecting a 15% year-on-year increase. Since the beginning of the 15th Five-Year Plan, major exhibitions like the China International Consumer Products Expo (CICPE) and the Canton Fair have attracted global enterprises, transforming “China’s factory” into a “world market.”
Respondents believe that China’s robust economic growth is deeply connected to its unwavering commitment to expanding high-level openness. Despite rising global trade protectionism and unilateralism, 81.2% of respondents indicated that the Chinese market has demonstrated strong competitiveness and irreplaceable value. Additionally, 85.1% supported broad economic cooperation between their countries and China.
This survey was published on CGTN’s English, French, Arabic, and Russian platforms. Within 24 hours, 5,242 internet users participated in the voting and expressed their opinions.
(Source: China Media Group, Beijing)
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