International Scholars Express Optimism About China’s Economic Growth
International scholars express optimism about China’s economic growth prospects, highlighting the country’s competitiveness in global trade and advancements in key technologies.
China Economy
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Tech Innovations Ignite China’s Sunscreen Boom Amid Scorching Summer
China’s sunscreen economy is booming as companies leverage technology to meet growing consumer demand for advanced sun protection products amidst scorching summer heat.
China’s Loan Prime Rates Remain Steady in August, Signaling Economic Stability
China keeps its Loan Prime Rates steady in August, with the one-year rate at 3.35% and over-five-year rate at 3.85%, signaling confidence in economic stability and maintaining mortgage costs for homebuyers.
PBOC Governor Pan Gongsheng Reports Significant Risk Reduction in China’s Financial System
PBOC Governor Pan Gongsheng announces China’s financial system is stable with reduced local government debt, low mortgage down payments, and a significant drop in risk levels.
China’s Steady July Boost: Industrial Output and Retail Sales Rise
China’s economy showed steady growth in July, with positive trends in industrial output, retail sales, investment, and foreign trade, according to data from the National Bureau of Statistics.
China Continues to ‘Wring the Water’ Out of Financial Data
China’s July financial data remains stable, reflecting a shift towards high-quality economic development. Yuan-denominated loans increased by 13.53 trillion yuan, with experts noting an authentic portrayal of the economy.
Service Consumption Drives China’s Economic Growth in First Half of 2024
Service consumption has become a new engine for China’s economic growth in the first half of 2024, with the service industry’s contribution to GDP surpassing 50 percent and retail sales of services surging.
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.
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.
ADB Projects China to Remain World’s Leading Growth Engine in 2024
Many international institutions have raised their projections for China’s 2024 economic growth. The Asian Development Bank says China will remain the world’s leading growth engine.
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.
China’s Marine Economy Grows 5.6% in H1, Surpassing Overall Growth
China’s marine economy grew by 5.6% in the first half of the year, reaching 4.9 trillion yuan, outpacing overall economic growth, according to the Ministry of Natural Resources.
China’s Economic Growth Slows in July Due to Seasonal Factors
China’s economic growth experienced a mild slowdown in July due to seasonal factors and extreme weather conditions, with the manufacturing PMI easing to 49.4, but optimism remains for future growth.
CPC Leadership Outlines Economic Priorities for Second Half of 2024
At a recent meeting, the Communist Party of China (CPC) leadership analyzed the current economic situation and set priorities for the second half of 2024, emphasizing stability and progress amid global challenges.
Wuxi’s Rise: A Beacon in China’s Industrial Modernization Journey
Discover how Wuxi, known as the “little Shanghai,” is spearheading China’s industrial modernization through innovation and the integration of traditional and emerging industries.
China’s Summer Travel Surge: 307 Million Railway Passengers Boost Economy
China recorded 307 million railway passenger trips between July 1 and July 22, a 6.5% increase from last year. The surge in travel consumption is giving a significant boost to the Chinese mainland’s economy.
Xizang’s Foreign Trade Soars by 132% in H1 2024, Leads China in Growth
Xizang’s foreign trade surged 132.4% in H1 2024, leading China in growth with imports and exports surpassing 3.8 billion yuan. Private enterprises were key drivers in this remarkable increase.
How Wuxi Became China’s Leader in GDP Per Capita
Discover how Wuxi, a city in east China, leads China’s trillion-yuan GDP cities in per capita income through innovation and sustainable growth.
IMF Raises China’s 2024 Economic Growth Forecast to 5%
The IMF has raised China’s 2024 economic growth forecast to 5%, citing a rebound in private consumption and strong exports, highlighting China’s pivotal role in global economic recovery.