China’s new growth drivers see rapid expansion
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
China’s new growth drivers continued to expand steadily in 2024, contributing a greater share to the country’s gross domestic product (GDP), official data showed Thursday.
The value-added output of these emerging sectors, comprising new industries, new business formats, and new business models, increased by 6.7 percent year on year last year, the National Bureau of Statistics said.
Their share of GDP rose to 18.01 percent in 2024, marking a 0.43 percentage point increase from the previous year.
Meanwhile, recent data showed that the country’s high-tech sectors sustained rapid expansion in the first half of 2025, with value-added industrial output in high-tech manufacturing rising by 9.5 percent. This growth rate was 3.1 percentage points higher than that of the overall industrial output during the same period.
Reference Link:- https://english.news.cn/20250731/ca68ad3db64b4361ab51d0c6dece7c3a/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
