The Chinese mainland's economy is showing promising signs of stability and long-term growth, according to the latest data released by the National Bureau of Statistics on August 15. In July, the value added of industrial enterprises above the designated size saw a year-on-year increase of 5.1 percent, indicating robust industrial performance.
Consumer spending also played a significant role, with total retail sales of consumer goods reaching 3.7757 trillion yuan, up 2.7 percent from the previous year. Additionally, the import and export sector experienced a notable growth of 6.5 percent year-on-year, reflecting strong global trade engagement.
Overall, the economy maintained stability with steady progress. Production demands continued to recover, employment rates and prices remained generally stable, and new growth drivers were successfully fostered and expanded. These factors collectively contribute to solid advancements in high-quality development, paving the way for sustained economic prosperity in the Chinese mainland.
Reference(s):
Expert: China's economy gains stability and long-term promise
cgtn.com
