EV, Solar, Tech Sectors Help China’s Xi Jinping Cope with Falling Property Prices

China’s dual-track economy sometimes generates pessimistic headlines about domestic problems, while at other times it raises growing concerns around the world about the dominance of Chinese manufacturers.

Those mixed signals on Monday showed continued strength in industrial output, more than offset by tepid consumption as the housing slump dragged on, leading to the slowest quarterly growth in five quarters. But a bright spot is emerging through the haze: Xi Jinping’s long pursuit of tech-driven “high-quality growth” is actually starting to pay off.