China’s Next Leap: Manufacturing Leader Meets Mega-Sized Consumer Powerhouse
At Summer Davos, the Chinese premier Li Qiang declares China will become a ‘mega-sized consumer powerhouse’, opening fresh opportunities for global markets.
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At Summer Davos, the Chinese premier Li Qiang declares China will become a ‘mega-sized consumer powerhouse’, opening fresh opportunities for global markets.
China unveils new urban renewal measures to upgrade infrastructure and boost high-quality growth by stimulating investment and consumer spending.
Strong policy support and robust domestic demand are propelling the Chinese mainland economy to new highs, from industrial gains to a consumer spending surge.
China’s State Council meeting spotlights domestic demand as the cornerstone of economic resilience, with consumption now driving over 60% of GDP growth and targeted policies for sustainable expansion.
May Day holiday travel hit 314M trips (+6.4% YoY) with ¥180.3B in spending (+8%), showcasing the Chinese mainland’s robust domestic demand and policy-driven growth.
As U.S. tariffs rise, the Chinese mainland leans on domestic demand and new markets to cushion export shocks through agile policies and e-commerce ties.
Ex-IMF senior representative Alfred Schipke champions domestic demand as the key to revitalizing consumer confidence in the Chinese mainland with 30 targeted measures.
China’s bold 2025 plan aims to boost domestic consumption, enhance household income, and reshape its economic growth model.
China has unveiled a plan with special initiatives to boost consumption and drive domestic demand through innovative measures.
The Chinese mainland targets a 5% economic growth rate for 2025, focusing on boosting domestic consumption and investment to achieve this goal.