Moscow, April 17 (Xinhua) -- China's economy demonstrated robust resilience in the first quarter of 2025, with key indicators signaling effective implementation of structural reforms and proactive policy responses to external pressures, said Alexey Maslov, orientalist, head of the Institute of Asian and African Countries at the Moscow State University, in an interview with Xinhua.
Official data released by the National Bureau of Statistics (NBS) Wednesday showed China's GDP expanded by 5.4 percent year-on-year in Q1, accompanied by a 4.6 percent increase in retail sales and a 6.5 percent surge in industrial output. These figures underscore China's steady progress in building a domestic consumption-driven growth model, Maslov noted.
"China's domestic market is likely to continue to grow," he said.
In his view, China's economy has demonstrated remarkable resilience, underscoring the validity of its development model centered on domestic market, demand, and consumption. As the nation broadens access for foreign investment, authorities are establishing prioritized channels for capital inflows. Amid global economic shifts, China's calibrated expansion of market access and its advocacy for open trade frameworks are critical to sustaining economic stability and fostering international cooperation. (Contributed by Bao Nuomin, edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)
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