China's economy is flexing its muscles amid global uncertainty, powered by smart policy moves and a homegrown consumer boom. Fresh data reveals industrial output jumped 6.1% year-on-year in April, with tech and green industries leading the charge: 3D printer production soared 60.7%, while EV makers revved up 38.9% growth.
The real showstopper? May Day holiday spending turned into a blockbuster movie of consumption. Retail sales hit 3.7 trillion yuan ($515B), while international visitors splashed 128% more cash than last year – proof that China's market is becoming a global magnet.
"This isn't just recovery – it's reinvention," says Liu Chunsheng, economics professor at Central University of Finance and Economics. With domestic demand acting as rocket fuel and policy support as the launchpad, China's economic playbook could rewrite the rules of post-pandemic growth.
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Policy support and Domestic demand drive China's economy to thrive
cgtn.com