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A recent human development report indicated that China has been the only country jumping from low development group to a high one since 1990, which was attributed to the country's people-centered development philosophy, the Foreign Ministry said recently.

China's economy gained more steam in the first two months of 2024 with improvement in key indicators, including production and investment, the National Bureau of Statistics said on 18th of March.

China will strengthen its proactive fiscal stance and improve the quality and efficiency of fiscal policy this year, to bolster economic recovery and high-quality development, the Ministry of Finance said.

Global economic growth is projected to decrease to 2.7 percent, and if China maintains a growth rate of 5 percent, it is expected to continue contributing over 30 percent to global growth, thereby driving global demand, said Zhu Min, vice chairman of China Center for International Economic Exchanges (CCIEE) and former deputy managing director of the International Monetary Fund (IMF), on 24th of Jan.

NBS data showed the output of equipment manufacturing recorded a year-on-year growth of 6.8 percent last year, 2.2 percentage points higher than that of overall industrial output.