China's GDP growth slowed down, but economic transformation and technological innovation became highlights

Faced with the complexity and volatility of the global economic environment, China's GDP growth rate in the first half of 2024 fell to 59% relative to that of the United States, which attracted widespread attention at home and abroad. However, this did not shake the foundation of China's economic development. On the contrary, China is accelerating the adjustment of its economic structure and industrial upgrading, striving to find new growth points in high-quality development. The rapid development of high-tech industries, such as the substantial increase in the export volume of new energy vehicles, and breakthroughs in artificial intelligence, quantum computing and other fields, have become a clear footnote to China's economic transformation and upgrading. At the same time, foreign trade data remains strong, showing China's solid position in the global industrial chain. Despite the adjustment in the growth rate, the Chinese people's long-term confidence in the economy has not been shaken, and all sectors of society generally believe that the Chinese economy is steadily moving towards a healthier and more sustainable development track. #美联储何时降息？