China’s Economy Accelerates in October as Manufacturing and Retail Surge
China witnessed steady economic growth in October, with retail and manufacturing sectors accelerating, according to data from the National Bureau of Statistics.
News & Insights Across Asia
China witnessed steady economic growth in October, with retail and manufacturing sectors accelerating, according to data from the National Bureau of Statistics.
China’s economy showed significant progress in October, with retail sales and trade figures increasing notably, signaling steady economic recovery.
China’s consumer prices rose by 0.3% in October, reflecting stable growth amid an economic recovery. Falling energy prices and steady food prices contributed to mild inflation, signaling balanced economic progress.
China has launched a 10 trillion yuan debt swap program to stabilize its economy. Lawmakers approved raising the local government debt ceiling by 6 trillion yuan, providing resources to address hidden debts.
China has established an alliance to promote its nuclear technology industry, aiming for a $56 billion output by 2026.
The 7th China International Import Expo (CIIE) is set to open in Shanghai from November 5 to 10, 2024, offering a global platform for trade collaboration and showcasing China’s commitment to trade liberalization.
President Xi Jinping’s article on promoting high-quality and sufficient employment will be published in the upcoming issue of the Qiushi Journal, highlighting China’s focus on job creation.
Western media often portrays China’s economy as declining, but in reality, China continues robust growth and strengthens ties with the Global South, challenging misconceptions about its economic trajectory.
Analysts from China Finance 40 Forum urge policymakers to accelerate interest rate cuts and increase government spending to stimulate demand and bolster economic growth.
Jilin City in northeastern China is implementing strategic measures to revive struggling enterprises, aiming to unlock industrial resources, stimulate economic growth, and overcome development bottlenecks.
China is confident in achieving its 5% annual GDP growth target, with Vice Minister of Finance Liao Min outlining measures to strengthen fiscal policies and stimulate the economy at a recent World Bank meeting.
China’s major industrial enterprises reported profits of 5.23 trillion yuan in the first three quarters, with high-tech manufacturing leading growth despite an overall decline.
Shanghai’s 7th China International Import Expo (CIIE) is set to break attendance records with 297 Fortune Global 500 companies and industry leaders joining from 152 countries, regions, and international organizations.
China’s latest monetary policies have boosted market confidence, as industry players express optimism at the Financial Street Forum, reports CGTN’s Chen Tong.
Morgan Stanley’s chief Asia economist, Chetan Ahya, notes that China’s recent stimulus measures are boosting market sentiment and confidence, with China expected to account for 25-30% of global growth.
At the Financial Street Forum 2024 in Beijing, experts discussed China’s pension system’s three pillars—public, enterprise, and private schemes—highlighting opportunities for high-quality development in pension finance.
The Financial Street Forum 2024 has opened in Beijing, gathering global financial leaders to promote trust, confidence, and collaboration for shared economic stability and growth.
ANZ’s Chief Economist Richard Yetsenga shares his positive outlook on China’s economy, forecasting a 4.9% growth in 2024 and highlighting the potential of the country’s capital markets.
China announces new measures to stabilize its property sector, planning to double approved loans for real estate projects to over four trillion yuan by the end of the year.
Neil Bush shares his candid views on China’s development and the future of China-U.S. relations in an exclusive interview.