The Beijing Hour Chinese economy shows resilience with steady growth in April
May 19, 2025
Wang Suwen discusses April's impressive retail sales growth of 5.1% and industrial output increase of 6.1%, showcasing China's economic resilience. Zhong Gong highlights a surge in consumer spending and evolving private enterprise trends. Zhang Chunying reports on the booming tourism sector, emphasizing cultural impact and a rebound in travel. Huang Fei reveals how Guangdong's home appliance manufacturers are adapting to tariffs, moving production overseas and exploring new markets. Together, they paint a picture of a dynamically shifting economic landscape.
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China's Economic Resilience
- China's economy showed steady growth in April despite external pressures with a 5.1% retail sales increase and 6.1% industrial output growth.
- Consumption is a key growth driver, alongside employment stability and resilient foreign trade.
Private Sector and Service Growth
- Private companies led GDP growth with a 6.8% increase, surpassing state-owned and foreign companies.
- Growth in spending on services outpaces goods, indicating an upgrade in consumption patterns focusing on services.
Cultural Boom Drives Tourism
- The hit TV drama My LT attracted over 1 million tourists to Xinjiang in a single week.
- Video game Black Myth or Wukong also drove cultural tourism interest.