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.
China Economy
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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.
China’s GDP Grows 5% in First Half of 2024, Indicating Economic Recovery
China’s GDP grew by 5% year-on-year in the first half of 2024, signaling a positive trend of economic recovery, according to the National Bureau of Statistics.
China’s Industrial Transformation Drives High-Quality Development
China’s focus on supply-side structural reforms has strengthened its primary, secondary, and tertiary industries, fostering balanced and high-quality economic development.
China’s Economy Maintains 5% Growth in H1 2024, Reaches 61.68 Trillion Yuan
China’s economy remains steady in the first half of 2024, growing by 5% to reach 61.68 trillion yuan ($8.49 trillion), aligning with government targets, according to the National Bureau of Statistics.
China’s Economic Strength Fuels Global Growth Amid Challenges
China’s economy doubled from 59 trillion yuan in 2013 to 126 trillion yuan in 2023, solidifying its position as the world’s second-largest economy and driving global growth despite challenges.
Foreign Investors Remain Confident Amid China’s Modernization Efforts
Despite a dip in FDI, foreign investors remain confident in China’s market as the nation advances reforms and modernization, according to data from the Ministry of Commerce.
China’s Yuan Loans Surge by 13.27 Trillion Yuan in First Half of 2024
China’s yuan-denominated loans rose by 13.27 trillion yuan in H1 2024, signaling strong economic momentum. M2 money supply grew 6.2%, while manufacturing investment booms support credit growth.
China’s Economy Maintains Price Stability Amid Robust Recovery
China’s CPI rose 0.2% in June as non-food prices and service sector demand boosted price stability, reflecting a robust economic recovery amid global uncertainties.
How the CPC Engineered China’s Economic Transformation
The Communist Party of China’s strategic leadership has driven China’s rise from poverty to global economic powerhouse, fostering innovation and sustainable growth.