China sees consumption rebound and industry growth

Last May, China experienced an increase in the consumption of electronic products, restaurant services, and transportation, with growth rates of 9.7%, 5.4%, and 4.8%, respectively. This was driven by the promotion of replacing old goods, supportive policies for services, and the momentum of Labor Day holidays. Additionally, investments in emerging sectors such as artificial intelligence and robotics saw significant growth, with the value of bids for infrastructure projects in computing and data fields rising by 106.9% compared to the previous year.

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