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China's economy in focus: Resilience, reform, and global cooperation

From solid April data to legislative milestones in the private sector, China's economy is charting a course marked by both stability and transformation. China's value added industrial output rose 6.1% year-on-year in April, with retail sales and fixed-asset investment also posting steady gains, National Bureau of Statistics data showed. Analysts say the numbers reflect resilient domestic demand and strong policy support as key drivers of the recovery. Meanwhile, a landmark law aimed at bolstering China's private sector took effect on Tuesday, codifying principles of equality and fair competition in a bid to address long-standing concerns among entrepreneurs. On the global stage, the China-CEEC Expo opened this week in Ningbo, Zhejiang Province, showcasing cutting-edge technologies, AI innovations, and green solutions—underscoring China's expanding partnerships with Central and Eastern European countries. Together, these developments offer a snapshot of a steadily evolving economy.