Social Media, Theme Parks and Kung Fu Panda Led China Growth

Updated on
  • Cultural industry companies' revenue up 8.6 percent on year
  • New economic drivers are shrugging off the nation's slowdown

A man sings karaoke in a park in Shanghai. China is increasingly relying on consumption, services and high-technology sectors to help fuel growth as traditional manufacturing and heavy industries face a sharp slowdown.

Photographer: Johannes Eisele/AFP via Getty Images

The new engines of China’s economy are humming as social media, movie theaters, karaoke bars and art galleries shrug off the nation’s slowdown, according to a new report from the nation’s statistics authority.

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