The National Bureau of Statistics stated that in the first four months of this year, production and supply recorded steady growth, market sales continued to expand, the resilience of foreign trade was further demonstrated, employment and prices remained generally stable, and new growth drivers strengthened, with high-quality development advancing toward higher standards.

Overall, in the first four months, the national economy maintained a stable and improving development trend, and high-quality development progressed solidly. However, it should also be noted that the external environment remains complex and volatile, while the issue of strong domestic supply but weak demand is still prominent. Some enterprises are facing operational difficulties, and the foundation for stable economic recovery still needs to be consolidated. In the next stage, authorities will adhere to the general principle of pursuing progress while ensuring stability, fully and accurately implement the new development philosophy, accelerate the establishment of a new development pattern, and implement more proactive fiscal policies and moderately accommodative monetary policies in a targeted and effective manner. Efforts will focus on expanding domestic demand, optimizing supply, improving incremental output, revitalizing existing assets, enhancing endogenous growth momentum, strengthening the domestic economic cycle, and promoting the mutual reinforcement of domestic and international dual circulation, so as to facilitate sustained and healthy economic development. (jl/u)

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