Consumption and innovation drive China's local GDP growth, economic upgrade

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Consumption and innovation drive China's local GDP growth, economic upgrade

STORY: Consumption and innovation drive China's local GDP growth, economic upgrade DATELINE: Aug. 12, 2023 LENGTH: 00:02:00 LOCATION: LHASA/NANJING, China CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. various of China's Tibet Autonomous Region 3. various of China's Jiangsu Province 4. SOUNDBITE 1 (Chinese): BA XIAOYU, Director of the marketing department of State Grid Suqian Power Supply Company 5. SOUNDBITE 2 (Chinese): LI MINFU, Director of the bureau of industry and information technology, Suqian City STORYLINE: China's overall economic growth accelerated in the first half of this year as its service sector rebounded, and traditional industries achieved upgrades through innovation. Consumption and innovation have become keywords for the encouraging half-yearly local GDP reports and major growth engines in China's local economic development. Culture and tourism consumption, mainly led by the accommodation and catering sector, contributed considerably to the GDP growth of many regions, including so

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  • Xinhua / Kyodo News Images
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