Internal and external resonance is needed, high-frequency data reflects a strong start to the economy in the first quarter.

High-frequency data is the "barometer" for observing economic operations. Despite the ups and downs in the international environment, with the strong support of proactive macroeconomic policies, recent releases of multiple high-frequency data and leading indicators show that both the supply and demand sides of China's economy have started the first quarter well, with a strong economic performance, and macroeconomic data is expected to achieve a "good start". Looking at the demand side, recent releases of high-frequency data such as the logistics industry business climate index, manufacturing PMI new export orders index, and construction machinery market index show that demand recovered in March with increased vitality.