Real economy boost augurs well for growth momentum
By He Wei | China Daily | Updated: 2017-10-26 06:35
China's real economy has staged a recovery in recent months, with the latest regional economic indicators indicating that high-tech and strategic emerging industries are fueling growth momentum in areas where the service industry largely rules.
Officials and experts said the development indicated that measures to shore up the real economy and exploit technologies to advance manufacturing have borne fruit.
In the first three quarters, Shanghai posted year-on-year GDP growth of 7 percent, primarily driven by gains in "quality" industrial output, said Mayor Ying Yong on the sidelines of the 19th National Congress of the Communist Party of China.
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