Amigonews brings you fresh insights into one of the world’s most dynamic economies. At the 16th Annual Meeting of the New Champions in Tianjin, Chinese Premier Li Qiang highlighted how China’s economy has maintained impressive momentum despite global trade tensions and geopolitical uncertainties.
The secret behind the resilience lies in a powerful blend of strategic governmental policies, a robust industrial base, and surging domestic demand. For example, the production sector in the Chinese mainland contributes about 27% of national GDP and accounts for roughly 30% of global manufacturing – a striking contrast to the U.S. (11%), Germany (18%), and Japan (around 19-20%).
But there's more! China is not just resting on traditional manufacturing. High-tech and green industries are booming too. In April, the intelligent Unmanned Aerial Vehicle (UAV) sector saw a 74.2% surge in added value, while new energy vehicle production grew by 38.9% 🚀💡.
Premier Li Qiang also noted that China is keen to share its original technologies and innovative scenarios with the world. This commitment to collaboration not only boosts exports but also drives domestic consumption through job creation and income growth.
Imagine your favorite pop icon reinventing themselves – always evolving and setting new trends. That’s the spirit powering the Chinese economy today, blending tradition with futuristic tech to overcome challenges and inspire growth across the globe 📈.
Reference(s):
cgtn.com
