China's Economy Shows Steady Growth, Consumption Market is Active, and Integration of Culture and Tourism Continues to Advance

Tech 2024-08-16 12:52:03 Source: Network

China's Economy Shows Steady Growth, Consumption Market is Active, and Integration of Culture and Tourism Continues to AdvanceIn infrastructure construction, the "Shu Xin Hao" tunnel boring machine developed by China Communications Construction Tianhe successfully overcame challenges posed by high water content and large-diameter gravel formations, providing valuable experience for similar geological conditions. National railway freight volume increased by 3

China's Economy Shows Steady Growth, Consumption Market is Active, and Integration of Culture and Tourism Continues to Advance

China

August 16, 2024 - China's economy continues to show steady growth, with an active consumption market and ongoing progress in the integration of culture and tourism. Tencent's Q2 2024 financial report revealed an 8% year-on-year increase in total revenue, with enterprise service revenue achieving double-digit growth.

China

In infrastructure construction, the "Shu Xin Hao" tunnel boring machine developed by China Communications Construction Tianhe successfully overcame challenges posed by high water content and large-diameter gravel formations, providing valuable experience for similar geological conditions. National railway freight volume increased by 3.1% year-on-year, indicating a steady upward trend and effectively ensuring the transportation of key materials.

China

The employment situation is generally stable. The national urban surveyed unemployment rate was 5.2% in July. The National Bureau of Statistics stated that it will focus on promoting employment for young people, including university graduates.

China

In the medical field, China is accelerating the construction of national regional medical centers. 125 projects have been implemented, aiming to achieve the goal of "major illnesses not leaving the province" and promoting the equitable allocation of high-quality medical resources.

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In terms of foreign trade, the total import and export value of Dongguan, Guangdong reached 125.23 billion yuan, an increase of 19.1% year-on-year, reaching a new high in 22 months. Private enterprises have seen significant growth in import and export.

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The consumption market remains active. In July, China's total retail sales of consumer goods increased by 2.7% year-on-year, with retail sales of consumer goods in rural areas growing by 4.6% and strong growth in online consumption. The domestic tourism market flourished in the first half of the year, with a 14.3% increase in tourist numbers and a 19.0% increase in total spending. Various regions have promoted cultural and tourism integration and local economic development by innovating tourism offerings and introducing distinctive "culture and tourism feasts."

China

The "2024 Taste of Beijing Food Festival" kicked off in Beijing, lasting four days and showcasing cuisines from across the country through opening ceremonies, themed markets, and other activities to promote catering consumption. The Beijing Municipal Bureau of Commerce signed agreements with five provinces to attract catering brands and create an international food capital.

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The 12th Straits Youth Festival Summit was held in Fuzhou, with 1,100 young people from both sides of the Taiwan Strait participating. The event aims to inspire young people from both sides of the Taiwan Strait to pursue, build, and fulfill their dreams.

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