In a complex and volatile global economic landscape, the Chinese mainland economy is hitting new milestones, propelled by targeted policies and robust domestic consumption.
According to recent data, the added value of industrial enterprises above the designated size grew by 6.1% year-on-year in April. Equipment manufacturing surged 9.8%, while high-tech manufacturing leapt 10%. Technologies such as 3D printing equipment (+60.7%), industrial robots (+51.5%) and new energy vehicles (+38.9%) are driving this innovation wave.
Retail sales of social consumer goods reached 3.7174 trillion yuan (US$515.3 billion), up 5.1% year-on-year. The May Day holiday transformed into a "consumption festival," with overseas visitor transactions and spending soaring 244.9% and 128.0%, respectively, compared with last year.
This data underscores rising consumer confidence and the Chinese mainland's growing appeal as a global destination. Startups and established businesses alike are tapping into expanding markets in tech, green energy, and experiential tourism. For digital natives and entrepreneurs, this dynamic environment offers fresh opportunities to innovate and scale.
Looking ahead, continued policy backing and rising domestic demand set the stage for sustained growth. As a hub for innovation and consumption, the Chinese mainland is poised to shape global economic trends, offering young global citizens, business enthusiasts and changemakers a front-row seat to its transformation.
Reference(s):
Policy support and Domestic demand drive China's economy to thrive
cgtn.com
