China’s GDP Climbs 4.6% in Q3, Boosting Optimism for 2024 Growth Targets
China’s GDP grew by 4.6% in Q3 2024, signaling strong economic performance and boosting optimism towards meeting annual growth targets.
News & Insights Across Asia
China’s GDP grew by 4.6% in Q3 2024, signaling strong economic performance and boosting optimism towards meeting annual growth targets.
China’s GDP grew by 4.8% year-on-year in the first three quarters of 2024, reaching over 94.97 trillion yuan ($13.34 trillion), according to the National Bureau of Statistics. The growth highlights the continued expansion of China’s economy.
China’s State Council Information Office announced steady economic growth in the first three quarters of 2024, highlighting resilience and ongoing recovery efforts.
Adapting to different cultures is crucial for businesses seeking global success, says London & Partners CEO Laura Citron.
HKEX Deputy CEO Wilfred Yiu highlights China’s key role in the exchange’s strategy and emphasizes inclusivity to foster economic growth for all.
China is projected to lead global economic growth over the next five years, surpassing the combined contributions of all G7 nations, according to an IMF forecast reported by Bloomberg.
According to the IMF’s latest report, the global economy is expected to maintain a steady growth rate of 3.2% in 2024, mirroring this year’s performance and signaling a moderate pace moving forward.
Record heat in Côte d’Ivoire is decimating cocoa crops, threatening global supply and impacting Asia’s chocolate industry. Asian businesses and investors brace for potential shortages and price hikes.
China’s economy experienced a significant boost during the Spring Festival holiday, with record-breaking travel numbers highlighting a surge in consumer confidence and economic activity.
Australia’s central bank holds interest rates steady at 4.35%, maintaining a 12-year high amid ongoing inflation concerns and signaling possible future hikes.
As 2023 draws to a close, we examine the global economic landscape, highlighting nations that have prospered and those facing challenges. Looking ahead, we explore how economies are preparing for 2024.