China's Stats Bureau: Replacing old economic growth drivers with new ones is a gradual process that cannot happen immediately

The deputy head of China’s statistics bureau said the economy remains stable and resilient despite a Q2 slowdown. China’s CPI and PPI are staying in reasonable ranges despite widespread global price increases, according to the statistics bureau deputy head.

In the first half year, under the strong leadership of the Central Committee of the Communist Party of China (CPC) with Comrade Xi Jinping at its core, all regions and departments fully implemented the decisions and arrangements made by the CPC Central Committee and the State Council, adhered to the general principle of pursuing progress while ensuring ...

China's economy slowed in the second quarter of this year, expanding at a 4.3% annualized pace, the government said Wednesday. The April-June data was weaker than the 5% growth recorded in the January-March quarter, despite strong growth in exports thanks partly to the boom in artificial intelligence, and robust demand for Chinese electric vehicles. China ...