
China’s July Financial Data Reveals Shift Towards High-Quality Growth
China’s July financial data remains stable, highlighting a strategic shift towards high-quality economic development as yuan-denominated loans rise by $1.89 trillion.
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China’s July financial data remains stable, highlighting a strategic shift towards high-quality economic development as yuan-denominated loans rise by $1.89 trillion.
China’s courier sector delivers over 100 billion parcels in 2024, reaching the milestone 71 days ahead of last year, signaling a robust consumer market and economic recovery.
Service consumption has become a major driver of China’s economic growth in 2024, contributing over 50% to GDP and fueling retail sales and higher quality consumer demand.
China is driving high-quality economic growth through its low-altitude economy, featuring innovations like drone deliveries and eVTOL air-taxis. Discover how these advancements are shaping the future.
Half of China’s regions report over 5% GDP growth in H1 2024, led by Inner Mongolia, signaling strong economic momentum.
Beijing’s digital economy soared by 7.8% in H1, outpacing the city’s GDP growth and contributing over 60% to its economic expansion. The cityโs commitment to tech innovation solidifies its position in the new economy.
China is set to accelerate the development of consumer services to drive high-quality economic growth, focusing on sectors like hospitality, healthcare, and digital services.
The Chinese mainland’s improving economy and evolving consumer trends are creating new opportunities, says Joyce Zhu, president of Ingka Centres China.
The Chinese mainland reports strong growth in foreign trade and domestic consumption for H1 2024, driven by increased exports and robust retail sales.
Explore the Chinese mainland’s 16-year journey in building a modern high-speed railway network, boosting economic and social development nationwide.