China’s industrial sector will likely see a surge as it is recovering more quickly than service sector. Three signs point to its likely occurrence, according to Xu Qiyuan:
new.cf40.org.cn/uploads/202008… 1/5
Sign Ⅰ: The recovery of industrial production has been obviously better than that of service sector overall 2/5
Sign II: The performance of #SMEs shows that recovery of the industrial sector surpasses that of the service sector 3/5
Sign III: The recovery of electricity consumption in the industrial sector is better than that in the service sector 4/5
Previous two industrial surges in China occurred in 2003-2004 and 2009-2012, the growth of the industrial sector soared over that of the service sector temporarily, while its share in GDP also picked up. 5/5
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