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Some 4.65 million new jobs were created in China in the first four months of the year, 220 Joey Votto Reds Jersey ,000 higher than the same period last year, according to NBS spokesperson Xing Zhihong, who described China's employment situation as "good and stable."

The consumer price index increased 1.4 percent in the first four months of the year, well below the government target of around 3 percent for the year.

Chinese people's per capita real disposable income, after inflation Joe Morgan Reds Jersey , increased 7 percent in the first quarter, outpacing the GDP growth rate of 6.9 percent in the period.

In the first four months, supply-side structural reform was pushed forward as effort in cutting overcapacity, reducing inventory, deleveraging Homer Bailey Reds Jersey , lowering costs and strengthening weak links made fresh progress.

As of the end of April, 31.7 million tonnes of steel and iron capacity and 68.97 million tonnes of coal capacity had been cut, accounting for 63.4 percent and 46 percent of their annual goals separately.

In terms of floor area, property inventory fell 7.2 percent in the first four months, larger than the 6.4-percent decline in the same period last year.

The leverage ratio of large industrial companies stood at 56.2 percent by the end of March Drew Storen Reds Jersey , down 0.7 percentage points year on year. Meanwhile, the average cost for those companies was 85.25 yuan (12.4 U.S. dollars) for each 100 yuan of main business revenue, down 0.15 yuan from the same period last year.

To strengthen weak links, investment in environmental protection, public facilities and water resources management increased by 50.4 percent Devin Mesoraco Reds Jersey , 28.4 percent and 16.1 percent respectively in the first four months, all higher than the average investment growth rate.

"While China's economic structure is improving, new momentum is also gathering," Guo said.

As a significant growth driver, consumption contributed to 77.2 percent of GDP increase in the first quarter.

The service sector as a whole rose 7.7 percent year on year in the first quarter Dave Concepcion Reds Jersey , faster than the 3-percent increase in agriculture and 6.4 percent in the secondary industry. It accounted for 56.5 percent of the overall economy.

Economic vitality is also being stimulated by new technology, urbanization, entrepreneurship and a burgeoning share economy, according to Guo.

China is also steadily pushing forward the Belt and Road Initiative, coordinated development of the Beijing-Tianjin-Hebei region as well as programs related to the Yangtze River economic belt and the Xiongan New Area Chris Sabo Reds Jersey , which Guo believes will provide ample growth.

The latest data reinforces views that a stabilizing economy will give policymakers more scope to contain debt and financial risks.

Many economists believe that China has laid a solid foundation to realize its full-year economic target of around 6.5-percent growth. E

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