Drooid Logo
Back to today’s briefing

Story perspectives

Xi Calls for Stronger Advanced Manufacturing, Supply Chains

By Drooid · · How we work

12 2 Full Breakdown

1 of 1

Story summary
  • President Xi Jinping called for stronger advanced manufacturing and self-reliant industrial supply chains.
  • He urged smart, green, integrated development and a modern industrial system.
  • He noted August retail sales rose only 0.4% year-on-year, indicating weak domestic demand.
  • Fixed-asset investment fell 7.2% in August while industrial production grew 5.2%.
  • ING chief China economist Lynn Song said consumption stays subdued but high-tech sectors remain relatively strong.