📊 New data from the National Bureau of Statistics (August) show the Chinese mainland economy moving ahead with steady momentum: production and demand rose, employment and prices stayed stable, and fresh growth drivers emerged.
Solid Production & Demand
In August, the Chinese mainland's industrial value added climbed 5.2% year-on-year, driven by high-tech manufacturing (up 9.3%) and equipment manufacturing (up 8.1%). The manufacturing PMI bounced back to 49.4, while business production and operation expectations jumped to 53.7, signaling rising confidence among companies. 🏭📈
Service Sector on the Rise
The service industry production index grew 5.6% year-on-year. Information transmission, software and IT services surged 12.1%, finance rose 9.2%, and leasing and business services increased 7.4%. The service sector business activity index hit 50.5, with railway transport and telecommunications leading the charge. 🚆💻
Summer Consumption Boost
The peak summer consumption season gave a lift to food manufacturing and textiles & apparel, adding more fuel to the growth engine of the Chinese mainland's economy. ☀️👗🍔
Looking Ahead
With stable production, booming services, and rising business confidence, the Chinese mainland is crafting a path toward higher-quality growth. 🌱🔮
For news enthusiasts, entrepreneurs, and globe-trotters alike, these trends signal vibrant opportunities across one of the world’s largest economies. 🌍🚀
Reference(s):
cgtn.com
