China’s Industrial Economy: A Tale of Growth Amid Real Estate Concerns

In the shadow of the Great Wall, a new titan quietly flexes its industrial muscle. The first nine months of 2021 have seen China’s industrial economy grow steadily, with the value added of industries above a designated size increasing by 4% year-on-year – a pace 0.2 percentage points quicker than the first half of the year.

High-tech manufacturing, the gleaming spearhead of China’s modern industry, is leading this charge. Investment in this sector soared by 11.3% year-on-year, marking 36 consecutive months of double-digit growth. Advanced industries, including new energy vehicles, photovoltaic products, and aerospace equipment, are thriving. The digitization transformation is also accelerating at a breathtaking pace, with nearly 10,000 digital workshops and smart factories springing up across the country.

Source: bnn.network