Name: Economist: Services spending, equipment upgrades fuel China's domestic demand
Uploaded: 2026-08-03T18:08:38+08:00
Duration: PT39.6S
Description: Services consumption outpaced retail sales in the first half of the year, while investment in equipment and instruments surged over 8%, forming a powerful synergy in boosting domestic demand, Luo Zhiheng, chief economist and president of the Research Institute at Yuekai Securities.

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Services consumption outpaced retail sales in the first half of the year, while investment in equipment and instruments surged over 8%, forming a powerful synergy in boosting domestic demand, Luo Zhiheng, chief economist and president of the Research Institute at Yuekai Securities.

This, he says, reflects the effectiveness of China's coordinated policy efforts.

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