www.bloomberg.com
China’s economy is experiencing a sharp divergence, with manufacturing and technology sectors significantly outperforming consumer-sensitive industries like retail and services. This widening gap underscores an increasing reliance on foreign demand to drive growth, as domestic consumption remains sluggish and uneven. While export-oriented manufacturing and high-tech industries show resilience, the domestic-focused sectors struggle with weak consumer confidence and a persistent property downturn. This imbalance highlights a structural shift where economic recovery is heavily weighted toward industrial production rather than household spending, posing challenges for China’s goal of sustainable growth driven by internal demand.
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