China's fiscal authorities will intensify efforts in areas like fully supporting sci-tech innovation and expanding domestic demand to further facilitate economic recovery.
China's gross domestic product expanded by 5.3 percent year-on-year in the first quarter after a 5.2 percent rise in the fourth quarter, official data showed on 16th of April, boding well for a steady economic recovery in the following months.
China's foreign exchange reserves reached the highest level in more than two years, standing at $3.2457 trillion as of the end of March, while gold reserves increased for the 17th consecutive month, the State Administration of Foreign Exchange said on 7th of April.
China's factory activity expanded in March after five consecutive months of contraction, an official survey revealed on 31st of March, adding to a run of indicators that suggest the stabilization of the world's second-largest economy.
China has room to pursue a more proactive fiscal policy and an expansionary monetary policy, thereby boosting economic recovery and helping achieve the targeted economic growth of around 5 percent this year, experts said on 5th of March.