Guided by Xiconomics, Chinese President Xi Jinping's economic philosophy, China has managed to achieve a robust recovery while effectively containing COVID-19, and thus inject an urgently needed dose of stability and certainty into the struggling world economy.
Tracing the trajectory of economic recovery worldwide, people will find that China's resilience is an indisputable force. But how exactly has the Chinese economy built its tenacity in an environment of mounting challenges?
The purchasing managers' index (PMI) for China's manufacturing sector came in at 50.1 in January, down from 50.3 in December 2021, data from the National Bureau of Statistics (NBS) showed Sunday.more
Despite multiple challenges such as the COVID-19 resurgence, soaring prices of commodities and ocean freight, various companies in Shandong saw remarkable growth in exports last year, showcasing China's economic resilience and high-quality development.more
China's telecommunications industry registered rapid growth in business revenue last year amid the country's efforts to accelerate the application of new information technology infrastructure.
China's internet sector registered robust business revenue and profit growth in 2021, data from the Ministry of Industry and Information Technology (MIIT) shows.
China's service outsourcing industry saw a robust expansion last year, with offshore service outsourcing contract value exceeding 1 trillion yuan (about 157 billion U.S. dollars) for the first time, official data showed.