China's economic resilience, dubbed Xiconomics, is attributed to President Xi Jinping's people-centred approach, contrasting with global economic stagnation. This philosophy emphasizes stability, reform, and inclusivity, channeling significant government expenditure into improving livelihoods.

• Industrial output rose by 5.7% in July, with foreign trade expanding by 6.7% year-on-year.
• Over 70% of government expenditure is directed towards programmes improving livelihoods, including appliance trade-in schemes and subsidies for green technologies, which have led to over 100 million appliances being replaced this year.
• Urban unemployment has been maintained at 5.2%, with high-tech industries like new energy vehicles and integrated circuits growing by 9.3%, bolstered by investments in human capital.