On April 18, the first quarterly report of China's economy was released. 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. The economic operation continued to recover, the growth rate of main indicators was basically stable, the quality and efficiency of development were improved, and the beginning was generally stable. In the "troika" driving the economy, investment and consumption constitute domestic demand and are the "main engine" of economic growth, while foreign trade is the "barometer" to observe China's economy. Since the beginning of this year, the international situation has become more complex and severe. The domestic epidemic has many points, a wide range and frequent occurrences, which has a greater impact on the economic operation. In the face of the complex situation, China adheres to the principle of stability and seeking progress while maintaining stability, focuses on stabilizing the macro-economic market, effectively responds to risks and challenges, and the national economy continues to recover. The "troika" drives economic growth against the trend. Look at investment. Actively expand effective investment. This year, the central government has allocated 640 billion yuan in investment in infrastructure, moderately ahead of schedule, to build key water conservancy projects, comprehensive three-dimensional transportation networks, important energy bases and facilities, orderly promote urban renewal, and strengthen the construction of municipal facilities and disaster prevention and mitigation capacity. Since this year, the national development and Reform Commission has approved 32 fixed asset investment projects with a total investment of 520 billion yuan, mainly in transportation, water conservancy, energy, high technology and other industries. On the one hand, we should accelerate infrastructure construction, relax access areas, reduce investment thresholds, mobilize the vitality of market players and stimulate the enthusiasm of private investment. On the other hand, the government has invested more in livelihood projects, strengthened efforts to make up for weaknesses in the field of social livelihood, and solved the practical problems most concerned by the masses. At present, a number of livelihood projects, such as the transformation of old urban communities, have been gradually rolled out and implemented, and the effect of investment driving growth will further appear. Look at consumption. The "ballast stone" role of consumption in the national economy is still obvious. The contribution rate of final consumption expenditure growth to economic growth in the first quarter was 69.4%, an increase of 18.7 percentage points over the same period last year. Promote the in-depth integration of online and offline consumption, promote the recovery of life service consumption, develop new consumption formats and models, continue to support the consumption of new energy vehicles, strengthen the construction of supporting facilities such as community elderly care and childcare, promote the quality and expansion of domestic service industry, and develop rural e-commerce and express logistics distribution. These measures are the main reasons for the growth of consumption. From the perspective of consumption growth trend, China's rural consumption is growing rapidly, and urban residents have strong demand for bulk consumption such as new energy vehicles and green smart appliances. Adjusting measures to local conditions and precise measures will further accelerate the release of consumption potential. Look at foreign trade. In the first quarter, China's total import and export of goods was 9.42 trillion yuan, a year-on-year increase of 10.7%. Imports and exports with major trading partners such as ASEAN, the European Union, the United States, South Korea and Japan increased steadily, and major categories of export products such as mechanical and electrical products maintained a good trend. The stability of foreign trade is the result of China's adherence to "dynamic clearing" and striving to win "double victories". It also benefits from a large number of foreign trade subjects actively exploring new markets, trying to explore new ways and constantly launching new products. It also benefits from the continuous efforts of a series of policies to help enterprises to bail out. At present, more than 20 provinces, autonomous regions and key cities have also issued inclusive policies on finance, finance and employment. With the acceleration of the construction of the national unified market and the efforts to open up the circulation blocking points, we will further realize the stable chain and solid chain, and escort the stable foreign trade and economy. At present, China's economic development is facing a complex and severe situation at home and abroad and many risks and challenges. Internationally, the global epidemic continues, the economic recovery is facing instability and uncertainty, and the external environment is becoming more complex and severe. Domestically, economic development faces triple pressures of shrinking demand, supply shock and weakening expectations, with increasing difficulties and risks. However, it should also be noted that at present, China's economic development still has many strategic advantages. The economy is large, there is wide room for maneuver, and there is a large-scale market. The fundamentals of long-term improvement will not change. We should not only face up to difficulties, but also strengthen confidence, place steady growth in a more prominent position, and continue to strengthen the implementation and implementation of macro policies, which will surely promote high-quality economic development to achieve new results. (Xinhua News Agency)