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China's new growth drivers gained momentum and underpinned the economy amid pressure in the first seven months of this year, according to data released by the National Bureau of Statistics on Monday.
The new growth drivers accounted for more than half of the growth in industrial output by major industrial firms between January and July. Retail sales of smart wearable devices by major industrial firms more than doubled. Meanwhile, investment in emerging sectors supports current demand and also helps build high-quality supply for future growth.
China's new growth drivers gained momentum and underpinned the economy amid pressure in the first seven months of this year, according to data released by the National Bureau of Statistics on Monday.
The new growth drivers accounted for more than half of the growth in industrial output by major industrial firms between January and July. Retail sales of smart wearable devices by major industrial firms more than doubled. Meanwhile, investment in emerging sectors supports current demand and also helps build high-quality supply for future growth.