China’s economy grew 5% year-on-year in the first half of 2024, hitting 61.68 trillion yuan ($8.65 trillion), according to new data. While Q2 saw a slight dip to 4.7% growth, sectors like high-tech manufacturing (+8.7%) and new-energy vehicles (+34.3%) charged ahead —proving innovation is driving the nation’s economic engine.
Industrial Powerhouse: Factories buzzed with activity as 3D printing devices (+51.6%) and integrated circuits (+28.9%) led production spikes. Meanwhile, foodies rejoiced as summer grain output rose 2.5% , though pork supplies tightened slightly.
Consumers & Commerce: Online retail sales jumped 9.8%, with tech gadgets (+11.3%) and sports gear (+11.2%) flying off digital shelves. Urban incomes grew 4.6%, while rural areas saw a 6.8% boost—keeping wallets happy .
Global Trade Surge: Exports climbed 6.9%, with private enterprises contributing 55% of total trade. Green shoots also emerged in green energy investments, up 24.1% in tech services. Yet challenges linger: property investment dipped 10.1%, and CPI inflation stayed mild at 0.1%.
With unemployment stable at 5% and 190 million rural workers employed, China’s balancing act between growth and stability continues.
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—proving innovation is driving the nation’s economic engine.
Industrial Powerhouse: Factories buzzed with activity as 3D printing devices (+51.6%) and integrated circuits (+28.9%) led production spikes. Meanwhile, foodies rejoiced as summer grain output rose 2.5% 
, though pork supplies tightened slightly.
Consumers & Commerce: Online retail sales jumped 9.8%, with tech gadgets (+11.3%) and sports gear (+11.2%) flying off digital shelves. Urban incomes grew 4.6%, while rural areas saw a 6.8% boost—keeping wallets happy 
.
Global Trade Surge: Exports climbed 6.9%, with private enterprises contributing 55% of total trade. Green shoots also emerged in green energy investments, up 24.1% in tech services. Yet challenges linger: property investment dipped 10.1%, and CPI inflation stayed mild at 0.1%.
