The National Committee of the Chinese People's Political Consultative Conference (CPPCC) held a symposium to analyze China's macro economic situation in the first quarter of 2021 on April 16.

Vice-chairmen of the CPPCC National Committee Zhang Qingli, Gao Yunlong and Gu Shengzu attended the meeting, where Gu delivered a speech.

According to data from the National Bureau of Statistics, China posted a year-on-year GDP growth of 18.3 percent during the quarter partly because of unusual factors such as the relatively low growth during the same period last year and more workdays as a result of many employees staying put during the past Chinese New Year. 

The members of the CPPCC National Committee who attended the meeting all agreed that confronting the COVID-19 pandemic and external uncertainties, China managed to maintain a sustained economic recovery with growing demand for production, elevated market vitality, stable employment and commodity prices, and strong support for people's livelihoods. They noted that the Chinese economy was off to a good start in the first quarter.

Pointing out that the basis for China’s economic recovery remains unstable because of the COIVD-19 pandemic still raging globally and an intricate international environment, they called for stabilizing expectations for macro economic development, paying attention to potential excessive production capacity, curbing unreasonable growth in housing prices in some regions, enhancing targeted support for coordinated regional development, laying a micro-level foundation for the market to play a decisive role in promoting "green" development, establishing a long-standing anti-trust mechanism, improving the current family planning policy, and adopting multiple measures to boost farmers' income.