The minister explained that China had a GDP growth rate of 9.5% in the first quarter of this year and inflation had been kept under control at 3.8%.
Describing China’s overall economic performance as “quite good and in line with objectives”, Mr Jin noted that foreign trade volume had risen by 23.1%. The budget deficit was in good shape, he added, and was expected to be reduced to 2.0% of GDP in 2005, down from 2.7% last year.
