China's Economy Shows Strong Momentum with Impressive Data

Deep News05-14 17:51

On the 13th, data released by the State Administration for Market Regulation showed that in the first quarter of this year, 5.098 million new business entities were established nationwide. The development of business entities remains stable and positive. High-tech manufacturing is accelerating its growth, with new business entities in "integrated circuit manufacturing" increasing by 31.0% year-on-year, and "smart unmanned aerial vehicle manufacturing" rising by 15.7%. New business entities in the "equipment manufacturing" sector reached 70,000, with "railway, ship, aerospace, and other transportation equipment manufacturing" growing by 10.6% year-on-year. Additionally, foreign-funded enterprises continued to expand. In the first quarter, 16,000 new foreign-funded enterprises were established nationwide, representing a year-on-year increase of 10.0%.

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