China's Economic Momentum: Key Data Highlights Strong Growth

Deep News
05/14

Data released by the State Administration for Market Regulation on the 13th shows that 5.098 million new market entities were established nationwide in the first quarter of this year, indicating steady and positive development of market players. High-tech manufacturing sectors accelerated their growth, with new entities in "integrated circuit manufacturing" increasing by 31.0% year-on-year, and "intelligent unmanned aerial vehicle manufacturing" rising by 15.7% year-on-year. The "equipment manufacturing" sector saw 70,000 new market entities, with "railway, ship, aerospace, and other transportation equipment manufacturing" growing by 10.6% year-on-year. Additionally, foreign-funded enterprises continued to expand, with 16,000 new foreign-invested enterprises established nationwide in the first quarter, representing a year-on-year increase of 10.0%.

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