China’s Yuan Loans Surge by $1.89 Trillion in First 7 Months ๐๐จ๐ณ
China’s yuan-denominated loans surged by 13.53 trillion yuan ($1.89 trillion) in Jan-July, highlighting economic resilience despite a dip in social financing.
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China’s yuan-denominated loans surged by 13.53 trillion yuan ($1.89 trillion) in Jan-July, highlighting economic resilience despite a dip in social financing.
China’s service sector drives over 50% of economic growth, fueled by booming tourism, tech, and shifting consumer habits. ๐๐ก
Service consumption drives China’s economic growth in H1 2024, with services contributing over 50% to GDP and retail sales up 7.5%.
Service consumption is now a major driver of China’s economic growth, with the service industry contributing over 50% to GDP in the first half of 2024. Retail sales of services outpaced goods, reflecting a shift towards personalized and high-quality consumer demand.
China’s CPI rose 0.5% in July, signaling controlled inflation. Explore the implications for global markets and everyday life. ๐๐ธ
China’s Political Bureau shifts economic strategy towards consumer spending for 2024, aiming to boost growth and address key challenges.
Asia-Pacific stocks rebound as experts highlight strategic shifts toward Chinese markets and undervalued Asian equities. ๐ #MarketTrends
China’s digital economy โ from WeChat Pay to social media hustles โ is reshaping productivity in ways traditional GDP metrics can’t capture. ๐ฑ๐น
China’s New Land-Sea Trade Corridor achieves record 500,000 TEUs in 2024, reshaping Asia-Europe supply chains with rail-sea intermodal efficiency.
China unveils plan to boost service sectors like tourism, healthcare, and digital services to drive economic growth and meet consumer demands. ๐โจ