Economy's internal dynamics display great energy

The National Bureau of Statistics released China's economic statistics for the first quarter on Tuesday. They indicate that the recovery momentum is being consolidated.

Some observers, citing the weak consumer price index and an obvious credit expansion, concluded that the economic restart should be swifter and the pro-recovery policies should be more powerful than their current levels, and some still think that it will only be a matter of time for the Chinese economy to enter deflation if the global economic recession and insufficient domestic demand are not addressed in time.

But it should be borne in mind that China is still in the early stages of the recovery. Prices and employment lag behind the overall growth rate of the economy.