News & Insights Across Asia
China’s Manufacturing PMI remained at 49.5 in June, unchanged from May, highlighting steady manufacturing activity but emphasizing the need to consolidate recovery momentum amid insufficient market demand.
International organizations like the IMF and World Bank have raised their forecasts for China’s economic growth in 2024, expressing optimism about the country’s robust economic prospects.
Global experts discuss China's economic growth prospects and its impact on global growth in 2024.
China’s major industrial firms saw profits rise by 3.4% year-on-year in the first five months, reaching 2.75 trillion yuan, with equipment manufacturing leading the growth, according to the NBS.
Summer Davos 2023 in Dalian highlights China’s commitment to high-level opening-up, offering global development opportunities and fostering collaboration amid economic challenges.
Chinese Premier Li Qiang announced at the Summer Davos Forum that China’s economic reforms are creating new opportunities for global enterprises, inviting foreign businesses to participate in the country’s growth.
Global leaders at the 2024 Summer Davos expressed strong confidence in China’s high-quality development following Premier Li Qiang’s keynote speech in Dalian.
China has announced comprehensive measures to stimulate consumer spending and boost economic growth, focusing on sectors like automobiles, catering, tourism, and elderly care.
WEF Greater China Chair Chen Liming highlights China’s crucial role in stabilizing the global economy, noting raised forecasts and contributions amid international turbulence.
China’s key industries showed significant growth in May, with rapid expansion in industrial production, exports, and domestic demand, according to the National Development and Reform Commission (NDRC).
An article by Xi Jinping on China’s high-quality development will be published in Qiushi Journal, emphasizing the nation’s strategic shift towards sustainable and better growth.
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.
