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Chinese economy shows July growth
Data from China's National Information Center show that the Chinese economy experienced steady improvement in July 2026 across multiple sectors. Offline consumption grew by 2.2% year-on-year, with a notable increase in spending on household appliances and audio-visual equipment, up by 8.5%. Investment in advanced manufacturing surged by 73.1%, accompanied by increased contracts for modern infrastructure, reflecting confidence in the prospects of industrial development. Industrial activity remained stable, with a 1% unchanged production level, while patents related to emerging industries increased, with a significant 60% rise in patents associated with artificial intelligence. This indicates ongoing vitality and innovation within China's technological sectors.
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