However, there is another side to the equation – what does it say about China’s ability to innovate?
The Chinese market staged a revival in 2024 after three consecutive years of decline.
This was largely fuelled by two government stimulus packages announced in September and November, which sought to shore up the country’s flagging property market, encourage consumer spending and keep GDP growth on track for the government’s 5% target.
It appears to have had some success, with growth reviving in the final quarter of 2024. This strength has sustained into 2025, with the Shanghai Co…