Story perspectives
Xi Calls for Stronger Advanced Manufacturing, Supply Chains
By Drooid · · How we work
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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.
