Chinese Mainland’s Economy Rebounds with Strong Industrial Growth, NDRC Reports
The Chinese mainland’s economy shows continued recovery in May, driven by industrial growth, exports, and rising domestic demand, reports the NDRC.
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The Chinese mainland’s economy shows continued recovery in May, driven by industrial growth, exports, and rising domestic demand, reports the NDRC.
China’s economy continues its recovery in May, with industrial production steadily growing and consumer spending significantly increasing, according to NBS data.
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Chinese Premier Li Qiang highlights how China’s economic upgrade will create new global opportunities, emphasizing collaboration with New Zealand in high-quality goods and emerging industries.
China’s Consumer Price Index shows steady growth for four months, indicating a revival in consumption backed by rising incomes and lower unemployment.
China’s manufacturing sector saw a slight decline in May’s PMI, while the non-manufacturing sector continued to expand, signaling a stable economic recovery.
The IMF has increased its 2024 growth forecast for the Chinese mainland to 5%, citing strong Q1 GDP data and supportive policy measures.
China’s major industrial firms saw a 4.3% increase in profits year-on-year from January to April, maintaining a steady growth rate and reversing losses in April.
As China projects nearly 5% economic growth in 2024, the West struggles to counter its rising influence and strategic initiatives, reshaping global dynamics.