The International Monetary Fund (IMF) released its World Economic Outlook report on April 6, predicting that China's economy will grow 8.4 percent this year, up 0.3 percentage points from its January forecast.

"The IMF's upward revision of China's growth forecast was to be expected.Many institutions and experts had predicted that China's economy would grow by more than 8 percent this year. A number of leading indicators for the first quarter show that China's economy continues to recover and grow faster than expected."National Development and Reform Commission price monitoring center senior economist Liu Manping think.

In fact, optimistic about the performance of China's economy this year has been the general consensus.Earlier, the World Bank also released a report that said it expects China's economic growth to accelerate to 8.1 percent this year, which will push growth in the East Asia and Pacific region to 7.4 percent this year from 1.2 percent last year.

The performance of the Chinese economy so far this year also supports this consensus.

Just past the Tomb-sweeping Day holiday, the domestic tourism consumption market bright spring.Domestic tourists made 102 million trips, an increase of 144.6 percent year-on-year on a comparable basis, and a recovery to 94.5 percent of the pre-epidemic level.Sales revenue of the accommodation and catering industry during the Qingming Festival has exceeded the same level in 2019, according to VAT invoice data released by the State Administration of Taxation.

Since the beginning of this year, China's economy has maintained a good momentum of growth. In the first two months of this year, major indicators of consumption, investment, import and export, industrial added value and the service sector all maintained a year-on-year growth rate of more than 30 percent.

A leading indicator data, also released a strong sense of warmth.China's electricity consumption rose 22.24 percent year on year from January to February to 1,258.8 billion kilowatt-hours, with the three major industries all increasing by more than 20 percent, according to data released by the China Electricity Federation.According to data released by the China Construction Machinery Association, the 26 excavator manufacturers included in the association's statistics sold 28,300 excavators in February, up 205% year on year.China's manufacturing purchasing managers' index, non-manufacturing business activity index and composite PMI output index all rebounded in March, remaining above the demarcation line between expansion and contraction for 13 consecutive months, indicating that the recovery momentum of the Chinese economy is continuing.