Chinese economy shows steady July gains

In July 2026, China's economy experienced steady improvement across multiple sectors, with growth in consumption, investment, and manufacturing, reflecting confidence in the growth outlook. Out-of-internet payments rose by 2.2% year-on-year, with notable increases in spending on high-value goods and tourism activities. Investment in advanced manufacturing surged by 73.1%, and patents related to artificial intelligence increased by 60%, indicating a boost in innovation and a structural shift in the industry.

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