China’s latest data shows a stark contrast in performance between sectors favored by Xi Jinping and the rest of the economy.
Factory workers manufacture solar panels at an Eoplly New Energy Technology Co., Ltd. plant in Nantong, Jiangsu, China. Credit: ChinaImages via Depositphotos
China’s economy may still be on course to meet the government’s growth target this year, but a look behind the headline figures illustrates just how ‘two-speed’ in nature that growth has become.
An excerpt from Xi Jinping’s speech on ‘New Quality Productive Forces’, November 12, 2024. Credit: Qiushi
The country recorded overall third quarter GDP growth of 4.8 percent year-on-year in the third quarter, meaning it should still expand by around 5 percent in 2025 — in line with
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