Part 2/14:
Analysts suggest that domestic demand might have bottomed out, bolstered by government efforts to dampen aggressive price competition, thus restoring some pricing power for businesses. Nonetheless, much of the recent growth appears concentrated in high-technology manufacturing sectors. The electronic sector, especially benefiting from the AI boom, saw profits skyrocket by over 200% year-on-year, driven by increased global demand for semiconductors and power equipment. These gains have cemented China’s role in the global supply chain amidst ongoing geopolitical tensions.