China’s fifth national economic census results are in, and the numbers tell a story of resilience and progress! Released Thursday, the data highlights a thriving economy that’s balanced growth with stability over the past five years—a key win for Asia’s powerhouse.
Key Takeaways:
- 33.27 million legal units in secondary and tertiary industries by end of 2023—up 52.7% since 2018.
- Employment in these sectors surged to 428.98 million people, an 11.9% jump.
- Self-employed units hit 88 million, employing 179.56 million—a sign of entrepreneurial energy!
National Bureau of Statistics head Kang Yi called the findings a testament to China’s 'steady structural upgrades' and booming innovation. Analysts say the data underscores how tech, manufacturing, and services are driving opportunities for young professionals and investors eyeing Asia’s markets.
For globetrotters and culture enthusiasts, these trends also signal shifting urban landscapes—think new tech hubs, creative startups, and vibrant city growth.
Stay tuned as China’s economic blueprint shapes the future!
Reference(s):
cgtn.com