Pan Gongsheng: China's economy started the first quarter well, and the financial system remained stable.

On April 24, 2025, Pan Gongsheng, Governor of the People's Bank of China, stated at the spring meeting series of the International Monetary Fund and the World Bank that in the first quarter, the Chinese economy started off well, continuing its upward trend, with innovative momentum continuing to be released, domestic demand expanding continuously, market vitality and confidence further strengthening, and the economy growing steadily with a year-on-year GDP growth rate of 5.4%. Despite facing global uncertainties and external shocks, China's financial system remains stable, and the financial market has shown strong resilience, operating smoothly.