As we gear up for 2024, marking the 75th anniversary of the People's Republic of China 🇨🇳, the economy is cruising steadily toward new heights! Despite the twists and turns of the global landscape 🌍, China's economy is showing some serious muscle 💪 and making strides in high-quality development.
On the production front, high-tech manufacturing is rocking it! 📈 Industries like computer and electronic equipment manufacturing saw profits shoot up by 22.1% 🚀. That's a big deal, showing how China's industrial game is leveling up.
The latest vibes from the National Bureau of Statistics show that from January to August, industrial enterprises above the designated size raked in a whopping 87.1 trillion yuan ($12.3 trillion), up 2.4% year on year 💹. And guess what? The manufacturing Purchasing Managers' Index (PMI) in September climbed to 51.2, breaking past the critical threshold. High-tech manufacturing PMI hit 53.0, signaling good times ahead! 🎊
When it comes to shopping 🛍️, things are heating up too! Policies boosting domestic demand are kicking in, with sectors like consumer goods manufacturing seeing profits rise by 8.4% year on year. The consumer confidence index nudged up from 90.1 in June to 91.3 in September 📊. People are feeling more upbeat, which is great news for the economy!
Prices are on the move 📈. The Consumer Price Index (CPI) went up by 0.4% year on year in September. While producer prices saw some dips due to lower international commodity prices, the overall trend is looking up.
Other good news includes improvements in fixed asset investment, foreign trade, and employment rates. All of this highlights the resilience and bounce-back ability of China's economy 💯.
But hey, challenges are still out there 🙅♂️. With a complex global scene, it's time to double down and keep pushing forward. The next steps? Boosting domestic demand, speeding up new economic drivers, upping household incomes, and fine-tuning monetary policies 🛠️. By sticking to these moves, we'll keep the momentum going and set the stage for lasting growth.
Reference(s):
cgtn.com
