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Chinese economy.
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growth momentum so that its economy
is resilient enough to make adjustments
based on external changes.
The spokesperson said China’s increas-
ingly domestic consumption-led growth,
expanding innovative edge and ample
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Challenges
Xu, however, warned that China should not
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the next three months.
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increase its benchmark interest rates
again in June. Combined with the possible
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it could deal a blow to Chinese exports,
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industries,” Xu said.
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ing industry, as international capital and
imported production and technological ca-
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tax policies.
“To cope with these challenges, China
should continue to advance innovation-
driven growth and supply-side structural
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should be implemented
as soon as possible,
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dividends.” Q
Per-capita
disposable income
Per-capita
spending
6.7
4 4 4 4 4 4 4 4 4
6.5
5.5
6.7 6.7
6.8
6.9 6.9
6.8 6.8 6.8
GDPGrowthby Industry
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3.2
QuarterlyGDPGrowth
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ChangesofOtherMajorMacroeconomic Indicators
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Secondary
industry
Primary
industry
Tertiary
industry
6
4
7.5
6.3
2.1
3.7
China’s Economy inQ1 2018
$817
7.6
Residential Income
andSpendingGrowth
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Secondary
industry
Primary industry
Tertiary
industry
61.6% 36.1%
2.3%
$1,237
8.8
Primaryindustry:
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animalhusbandryand
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Secondaryindustry:
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andwater
Tertiary
industry:
Services
7.5
8.9
6.8
13.0
7.9
10.4
11.4
7.4
11.7
9.8
-3.2
Contributionto
GDPby Industry
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Consumer price index
Producer price index
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Industrial value-added output
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Investment in property development
Residential housing sales
Exports
Imports
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Online retail sales 35.4
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