Under multiple risks and challenges, China's economy has risen to the difficulties and made an overall smooth start. The National Bureau of statistics released data on the 18th. According to preliminary accounting, the gross domestic product (GDP) in the first quarter of this year was 27017.8 billion yuan, an increase of 4.8% year-on-year at constant prices and 1.3% month on month over the fourth quarter of 2021. Since the beginning of this year, the international situation has become more complex and severe. The domestic epidemic has the characteristics of many points, wide range and frequent occurrence, which has a greater impact on the economic operation. Fu Linghui, spokesman of the National Bureau of statistics and director of the Department of comprehensive statistics of the national economy, said that in the face of the complex situation, all regions and departments adhere to the principle of stability and seek progress in stability, strive to stabilize the macro-economic market, effectively respond to risks and challenges, and the national economy continues to recover. The main macro indicators remain within a reasonable range. In the first quarter, China's GDP growth was 0.8 percentage points higher than that in the fourth quarter of last year; The average unemployment rate in the national urban survey was 5.5%, basically the same as that in the same period of last year; Consumer prices rose by 1.1% year-on-year; Foreign exchange reserves remained stable at about US $3.2 trillion, and the balance of payments remained stable. Economic restructuring and optimization. The proportion of manufacturing industry continued to increase. In the first quarter, the added value of manufacturing industry increased by 6.1% year-on-year, and its proportion in GDP increased by 1.3 percentage points year-on-year; The leading role of consumption was obvious. In the first quarter, the contribution rate of final consumption expenditure growth to economic growth was 69.4%, an increase of 18.7 percentage points over the same period last year; The ratio of urban and rural residents' income decreased. In the first quarter, the ratio of urban and rural residents' per capita disposable income was 2.39, 0.04 less than the same period last year. "Since March, the world situation has undergone complex evolution, the impact of the domestic epidemic has continued, and some unexpected factors have exceeded expectations. The growth rate of some main indicators has slowed down, and the downward pressure on the economy has increased." Fu Linghui said. Fu Linghui said that in the next stage, we should scientifically coordinate the epidemic prevention and control and economic and social development, adhere to the principle of stability, seek progress while maintaining stability, put steady growth in a more prominent position, strengthen the implementation of macro policies, pay close attention to the implementation of policies, strive to achieve early results, effectively deal with contradictions, stabilize the basic economic situation, ensure basic people's livelihood, maintain economic operation within a reasonable range, and continuously achieve new results in promoting high-quality economic development. (Xinhua News Agency)