News & Insights Across Asia
China’s banks extended 11.14 trillion yuan ($1.54 trillion) in new loans from January to May 2024, reflecting efforts to stimulate economic growth. The People’s Bank of China reports significant rises in money supply indicators.
Chinese Premier Li Qiang, during his visit to New Zealand, emphasized that China’s economic upgrades will create new opportunities for global development, urging entrepreneurs to seize emerging prospects.
China experiences robust growth in consumer spending during the Dragon Boat Festival holiday, with vibrant activities across tourism, transport, and retail sectors from Saturday to Monday.
Guangxi Zhuang Autonomous Region outlines ambitious plans for high-quality development, aiming to enhance market operations and strengthen both domestic and international economic engagement.
Premier Li Qiang led a State Council meeting focusing on advancing venture capital, stabilizing the property market, and improving healthcare and business laws to enhance China’s economic development.
China’s top political advisors convened in Beijing to discuss building a high-level socialist market economy, focusing on strengthening state-owned enterprises and fostering private sector growth.
China’s manufacturing PMI dipped slightly in May to 49.5, but experts say the overall trend of economic recovery remains unchanged, with non-manufacturing sectors continuing to expand.
The IMF has raised China’s 2024 economic growth forecast to 5%, highlighting strong first-quarter data and policy measures. The upward revision signals confidence in China’s economic trajectory.
IMF Managing Director Kristalina Georgieva highlights China’s shift to high-quality economic growth, emphasizing the role of ‘new quality productive forces’ in driving the nation’s economic transformation.
China’s major industrial firms reported a 4.3% profit increase in the first four months of the year, matching first-quarter growth, signaling resilience amid global economic uncertainties.
Chinese President Xi Jinping’s visit to Rizhao highlights the pivotal role of smart port development and marine ecological restoration in China’s sustainable future.
Chinese Premier Li Qiang has emphasized the crucial role of the financial sector in supporting the real economy, outlining a strategy to promote high-quality development and ensure financial stability.
Xinjiang Uygur Autonomous Region in northwest China has reported significant economic growth, with key indicators ranking among the top five nationwide, boosting its role in global trade and development.
China’s central bank keeps benchmark lending rates unchanged in May, maintaining the one-year LPR at 3.45% and the over-five-year LPR at 3.95%. Experts highlight potential impacts on the real estate market.
China’s economy is showing strong momentum as it transitions from high-speed to high-quality growth, with domestic consumption driving economic expansion and experts confident in its future prospects.
China is shifting from high-speed to high-quality growth, showcasing stability and resilience. Analysts remain confident in China’s potential, emphasizing the significant role of domestic consumption.
Second-hand trading platforms in China are transforming into cultural hubs for youth, fostering communities where young consumers connect over shared interests and sustainable practices.
Chinese President Xi Jinping emphasizes the need to enhance modern tourism systems and build China into a strong tourism nation, highlighting the industry’s role in economic development and cultural exchange.
China’s central bank reduces mortgage interest rates to boost the housing market and support economic growth, making home ownership more accessible and stimulating investment.
Fujian Province in southeast China has doubled its GDP over the past decade to 5.4 trillion yuan, emerging as a leader in manufacturing, marine economy, and digital transformation.