China's 6.7 percent year-on-year gross domestic product growth in the first quarter of this year, although a little lower than the 6.8 percent growth rate in the fourth quarter of last year, is still within the expected annual growth range of 6.5 to 7 percent.

Along with the better-looking employment situation and improved price indexes, such first-quarter growth, despite being the lowest since 2009, heralds a good start to the year.

And as a barometer of its economic recovery, China's A-share stock market has been bullish since the beginning of March, with the Shanghai Composite Index regaining more than 15 percent as of close of trading on Friday. Such an appreciable rise reflects the country's improving economy.