China's Economy Still Shows Bright Spots Amidst Pessimism

Despite the pessimism surrounding the Chinese economy, there are still bright spots indicating resilience. The growth rate, though lower than previous years, remains higher than many other countries. The service sector has shown strong performance, with clear data supporting growth in service retail sales and other high-frequency indicators. China's EV sector has also experienced significant growth. These positive indicators suggest that the current situation in China may not be as dire as perceived.