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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
China's high-tech sector is projected to significantly contribute to the economy, potentially rivaling real estate by 2026. Bloomberg Economics estimates it could represent nearly 19% of GDP, up from 14.3% in 2023. The Chinese trade surplus has hit a historic high, driving growth in the high-tech industry.
Very good FT piece on Beijing's massive bet that a surge in its share of global manufacturing will allow China to recover from its excess reliance on property and infrastructure to drive growth. https://t.co/M884RVizr1 via @ft
Bloomberg: China's "high tech sector has potential to become a much more significant source of growth. Considering direct contributions and indirect spillovers, we estimate it could account for nearly 19% of GDP by 2026, up from 14.3% of GDP in 2023 and almost on par with the…
. @edwardwhitenz of the FT is on a bit of a roll -- really good reporting on China's auto sector "Last year, China produced 17.7mn cars with internal combustion engines, a 37 per cent fall from 28.3mn in 2017." 1/x
