
Chinese mainlandās economy shows steady May growth
The Chinese mainlandās economy grew steadily in May, with industrial output up 5.8% YoY and emerging industries adding momentum, highlighting resilience amid challenges.
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The Chinese mainlandās economy grew steadily in May, with industrial output up 5.8% YoY and emerging industries adding momentum, highlighting resilience amid challenges.
China’s GDP grew by 4.8% year-on-year in the first three quarters of 2024, reaching over 94.97 trillion yuan, according to the National Bureau of Statistics.
China’s economy continues its steady growth in H1 2024, expanding by 5% to reach 61.68 trillion yuan, driven by policy incentives and external demand.
China’s manufacturing PMI remains unchanged at 49.5 in June 2024, indicating steady growth with mixed signals from market demand and business expectations.
China’s economy continues its recovery in May, with industrial production steadily growing and consumer spending significantly increasing, according to NBS data.
China’s major industrial firms saw a 10.2% profit increase in the first two months of 2024, with revenues up 4.5%, according to the National Bureau of Statistics.
China’s industrial output increased by 7% in the first two months of 2024, surpassing analyst expectations and signaling a stable economic recovery, according to the National Bureau of Statistics.