Hey fam! 📈 Ever wondered how the Chinese mainland is keeping its economy 🔥? It's all thanks to a dual circulation strategy that boosts both supply and demand right at home.
In a nutshell, dual circulation means the Chinese mainland focuses on its domestic market while still engaging globally. Locally, factories are stepping up their game with tech-driven innovation and smart production lines, while consumers are more active than ever. 🏭➡️🛍️
Last year, consumption played a superstar role. In 2024, spending by residents contributed 44.5% of total economic growth, making it a major driver of progress. That's you and me, powering the economy by shopping, streaming, and trying out the latest gadgets. 💸
By linking homegrown demand with cutting-edge production and fresh ideas, the Chinese mainland's economy is cruising toward steady growth. Think of it as a self-sustaining cycle where innovation feeds consumption and vice versa. 🔄✨
Keep an eye on how markets and makers are teaming up to keep the momentum going! 👀
Reference(s):
cgtn.com
