Half of China’s Provinces Surpass 5% GDP Growth in H1 2024
Sixteen of China’s provinces surpass the national average with over 5% GDP growth in H1 2024, led by Inner Mongolia’s impressive 6.2% increase.
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The Fast-Growing Sports Industry: A New Dynamic for Global Prosperity
With the sports industry experiencing rapid growth globally, it offers new dynamics for economic prosperity and societal well-being.
Nikkei Futures Trading Halted as Index Plummets Over 8%
Japan’s Nikkei 225 Index plunged over 8% on Monday, triggering the futures circuit breaker and halting trading until 1:36 p.m., marking its worst losses since 1987.
U.S. Unemployment Rate Rises, Strengthening Case for Fed Rate Cut
An uptick in the U.S. unemployment rate in July strengthens the case for an interest rate cut by the Federal Reserve, as job growth slows and economists express concerns over a potential economic slowdown.
China Unveils Plan to Propel High-Quality Service Consumption
China unveils a comprehensive plan to boost high-quality development of its service sector, aiming to meet growing consumer demand and stimulate economic growth.
China’s Economy on Track for 2024 Target: IMF
The IMF projects China’s GDP to grow by 5% in 2024, aligning with the country’s target, highlighting economic resilience.
Surfing Fever Sweeps Hainan Island as Sport Prepares for Olympic Comeback
Surfing enthusiasm is soaring in South China’s Hainan Island as the sport prepares for its Olympic comeback. Wan Ning city is promoting the surfing industry, attracting young enthusiasts and boosting tourism.
UN Official Praises China for Exemplifying True Solidarity
In an interview with CMG, UN Under-Secretary-General Winnie Byanyima praised China for embodying true solidarity by sharing its development experiences and standing with other nations.
Evolving Consumption Trends Open New Opportunities in China’s Recovering Market
China’s improving economy and shifting consumer trends are creating fresh opportunities as the domestic market recovers, says Ingka Centres China’s president.
China’s Foreign Trade and Consumption Maintain Steady Growth in First Half of 2024
China’s foreign trade and consumption have maintained steady growth in the first half of 2024, with significant increases in retail sales, imports, exports, and foreign investment, according to MOFCOM.
France Anticipates Major Economic Boost from Paris 2024 Olympics
France anticipates significant economic benefits from the 2024 Paris Olympics. Could the Games make Paris the most profitable Olympic host yet?
CCPIT Relocates to Washington DC to Boost China-US Trade Ties
CCPIT relocates its US office to Washington DC, marking a significant move to enhance China-US trade ties and deepen bilateral business dynamics.
Dubai’s Jebel Ali Port Welcomes China’s Green Car Vessel ‘Min Jiang Kou’
Dubai’s Jebel Ali Port welcomed China’s newest green car vessel, the ‘Min Jiang Kou’, marking its maiden voyage in the Middle East and enhancing China-Middle East trade ties.
Trade Protectionism: A Road Leading to a Narrow Street
The U.S. government’s move in May 2024 to raise tariffs on Chinese electric vehicles from 25% to 100% marks a significant escalation in trade protectionism, potentially impacting global economic growth and international relations.
China’s CCPIT Relocates U.S. Office to Washington, D.C. to Boost Business Ties
The China Council for the Promotion of International Trade has relocated its U.S. office to Washington, D.C., aiming to strengthen business ties and promote trade between China and the United States.
U.S. Federal Reserve Holds Interest Rates Steady, Hints at Possible Cuts Ahead
The U.S. Federal Reserve holds interest rates steady but signals possible cuts ahead to combat inflation, impacting global and Asian markets.
China at Forefront of Innovation and Digital Economy, Says NielsenIQ COO
NielsenIQ COO Tracey Massey highlights China’s leadership in innovation, digital economy, and e-commerce, reflecting on the company’s 40 years in the Chinese market.
U.S. National Debt Surpasses $35 Trillion: Nobel Laureate Warns of Catastrophic Consequences
Nobel laureate Michael Spence warns of catastrophic consequences as the U.S. national debt surpasses $35 trillion in July. Spence emphasizes the urgent need for fiscal reforms to avert economic disaster.
China to Improve Market Access, Break Down Barriers, Says NDRC
China is set to introduce new guidelines to improve market access and publish a new negative list, aiming to relax regulations and enhance opportunities for businesses, according to the NDRC.
China’s High-Speed Rail Journey Accelerates Over the Years
Since the Beijing-Tianjin Intercity Railway opened in 2008, China’s high-speed rail has expanded rapidly, fostering economic and social development within the country and internationally.