Foreign financial institutions are betting big on China's economic resilience, with recent data revealing a 5% GDP growth in the first half of 2024. Experts say the nation’s shift toward high-tech innovation is paying off—think EVs, solar panels, and next-gen robotics. 🚀
Industrial output jumped 6% year-on-year, driven by a 22.8% surge in service robot production and 34.3% growth in new energy vehicles. 📱🔋 Bloomberg highlighted that China’s 'high-quality growth' strategy is finally unlocking its tech potential, keeping expansion close to its 5% target.
DBS Group’s Ji Mo pointed to infrastructure investments and policy upgrades as key drivers, while HSBC’s Liu Jing praised China’s expanding global market share despite trade challenges. 🌏 Trade and manufacturing sectors contributed 0.7 percentage points to GDP growth, proving that innovation isn’t just buzzword—it’s economic fuel.
Still, experts stress that further reforms and global collaboration are crucial to tackle hurdles like slow demand recovery. But for now, the numbers don’t lie: China’s economy is on a roll. 🎢
