China’s 15th Five-Year Plan Drives Consumption-Led Growth Cycle
China’s 15th Five-Year Plan prioritizes consumption-driven growth through employment stability and supply-demand reforms, aiming to boost economic resilience in 2025.
Consumption Growth
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China’s Ice and Snow Economy Thrives as New Consumption Engine
China’s ice and snow economy is rapidly emerging as a powerful driver of consumption, fueled by a growing interest in winter sports and supported by government policies, injecting new momentum into economic development.
Tesla’s Record China Sales in 2024 Highlight Economic Openness and Vitality
Tesla’s sales in China surged by 8.8% to over 657,000 vehicles in 2024, despite a global decline. This growth underscores China’s economic openness and the country’s robust consumption power.
China’s Online Retail Sales Reach 12.4 Trillion Yuan, Boosting Consumption Growth
China’s online retail sales surged to 12.4 trillion yuan ($1.71 trillion) from January to October, an 8.8% increase year on year. Online shopping festivals and trade-in policies are driving this remarkable consumption growth.
China’s National Day Holiday Sees Surge in Consumption, Tourism, and Entertainment
China’s consumption market experienced robust growth during the National Day holiday, with significant increases in sales revenue, box office earnings, and domestic travel.
China’s Foreign Trade and Consumption Maintain Steady Growth in First Half of 2024
China’s foreign trade and consumption have maintained steady growth in the first half of 2024, with significant increases in retail sales, imports, exports, and foreign investment, according to MOFCOM.
China’s Consumption Surge: 8.2% Growth in H1 2023 Fuels Economic Momentum
China’s consumption data for the first half of 2023 shows an 8.2% year-on-year growth in retail sales, highlighting the country’s economic momentum. Experts discuss the driving forces behind this surge.