China sustains steady economic growth in April

China sustains steady economic growth in April as per the latest data from the National Bureau of Statistics.

China’s economy demonstrated stable growth in April, maintaining its upward trajectory despite facing persistent challenges both internationally and domestically, as shown by the latest data from the National Bureau of Statistics (NBS) released on Monday.

Industrial production by large-scale enterprises increased by 6.1 percent year-on-year in April, with a slight 0.22 percent rise from March. This solid industrial output played a vital role in maintaining economic stability, underscoring the continued revival of manufacturing and the rising importance of new industries.

The service sector also experienced healthy growth, with the Services Production Index climbing 6.0 percent compared to the previous year. The increase was driven by strong performance in financial and information services, signaling solid confidence among businesses and consumers.

Consumer spending remained strong, with retail sales of consumer goods totaling 3.7 trillion yuan ($515.6 billion) in April, a 5.1 percent rise year-on-year. This points to a steady improvement in domestic consumption, aided by supportive policies and growing consumer confidence.

Between January and April, fixed-asset investment reached 14.7 trillion yuan, reflecting a 4.0 percent annual increase. Key contributions came from high-tech manufacturing and infrastructure, reinforcing the foundation for long-term economic transformation and resilience.

The national urban unemployment rate averaged 5.2 percent in the first four months of the year, consistent with the same period last year. This stable employment trend suggests that policy efforts to support the labor market are proving effective.

Despite growing global uncertainties in April, China’s macroeconomic strategies helped sustain steady and relatively fast growth, NBS spokesperson Fu Linghui noted. Moving forward, the focus will remain on stabilizing employment, supporting enterprises, and managing market expectations to maintain the momentum of high-quality economic development.