The National Development and Reform Commission said China’s private investment is in a critical phase of structural optimization and conversion of growth drivers, accelerating a shift away from real estate and traditional manufacturing toward high‑tech industries and new infrastructure. Year-to-date through May, private investment in communications and electronic equipment manufacturing and in information services accelerated versus the Jan–Apr period. The NDRC said private investment is undergo

The National Development and Reform Commission said China’s private investment is in a critical phase of structural optimization and conversion of growth drivers, accelerating a shift away from real estate and traditional manufacturing toward high‑tech industries and new infrastructure. Year-to-date through May, private investment in communications and electronic equipment manufacturing and in information services accelerated versus the Jan–Apr period. The NDRC said private investment is undergoing deep structural reshaping, moving from quantity expansion to quality-led growth.