Multiple Economic Indicators Reveal the Strengths Behind China's Progress Toward Innovation, Quality, and Growth

Deep News
08/02

A set of data highlights the solid foundation underpinning China's economic development, which is advancing toward greater innovation, quality, and improvement.

The total number of electric vehicle charging infrastructure (charging guns) across China has reached 23.057 million units. For the first time in history, the share of coal-fired power generation fell below 50% of the total electricity output. Profits of industrial enterprises above a designated size rose by 18.7% year-on-year.

Several statistical indicators released this week paint a bright picture for the first half of the year. These impressive performances are precisely what provide the confidence for China's economy to continue evolving toward innovation, quality, and positive growth.

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