Robust Economic Indicators Highlight China's Resilience and Growth Momentum

Deep News
Jun 16

Official data released today underscores the sustained and improving trajectory of China's national economy, showcasing its underlying resilience and vitality.

Statistics indicate that in May, the national economy maintained a generally stable performance, continuing its shift towards new and superior development models.

Industrial value added for enterprises above a designated size grew by 4.5% year-on-year, accelerating by 0.4 percentage points from the previous month.

Within this, the value added for equipment manufacturing and high-tech manufacturing sectors saw rapid increases, rising by 9.5% and 15.1% year-on-year, respectively.

The national service industry production index increased by 4.4% year-on-year, a 0.1 percentage point acceleration from April, with modern service industries showing positive development.

From January to May, total retail sales of consumer goods reached 20.6031 trillion yuan, representing a year-on-year increase of 1.4%.

Service retail sales demonstrated robust growth, rising by 5.4% year-on-year.

Regarding investment, infrastructure investment maintained growth, while investment in intellectual property products saw a relatively fast increase of 9.3% year-on-year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10