A footbridge in Beijing’s central business district. Second-quarter GDP data showed that the services sector made up the largest part of the Chinese economy, commanding a 52 per cent share. Photo: EPA
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

China’s economic rebalancing act is finally starting to pay off

With household consumption on the rise and the services sector expanding, a sustainable growth model is within China’s reach

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A footbridge in Beijing’s central business district. Second-quarter GDP data showed that the services sector made up the largest part of the Chinese economy, commanding a 52 per cent share. Photo: EPA
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