China’s Q1 Economic Growth Exceeds Expectations, Says NDRC
China’s economy surpassed expectations in Q1, with optimized structure and stable employment fueling improved market confidence, according to the NDRC’s deputy head, Liu Sushe.
China Economy
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China’s Q1 Data Reveals Strong Economic Resilience Amid Global Challenges
China’s economy shows strong resilience in Q1 2024, with GDP growth of 5.3% year-on-year and total goods trade surpassing 10 trillion yuan, highlighting a clear trend of economic recovery and improvement.
China’s Economy Grows 5.3% in Q1 2024, Exceeding Forecasts
China’s GDP grew by 5.3% in Q1 2024, reaching 29.63 trillion yuan ($4.17 trillion), signaling a strong economic start and exceeding forecasts. Key indicators show positive trends across sectors.
China Unveils Q1 2024 Economic Performance
China’s State Council Information Office unveiled the national economic performance for Q1 2024, with Deputy Commissioner Sheng Laiyun presenting key insights and engaging with the media.
China’s Q1 New Yuan Loans Surge to 9.46 Trillion Yuan
China’s banks have extended 9.46 trillion yuan in new yuan-denominated loans in Q1 2024, signaling substantial growth in lending as reported by the People’s Bank of China.
China Embraces Consumption to Fuel Economic Growth
China is transitioning to a consumption-driven economy, boosting employment, incomes, and overall vitality. This shift offers new opportunities for international businesses in the Chinese market.
China’s Outdoor Sports Industry Blossoms into Billion-Dollar Market
China’s outdoor sports industry is booming this spring, growing into a multi-billion-dollar market as accessible and inclusive activities attract people of all ages to embrace a healthier lifestyle.
China’s March CPI Rises 0.1%, PPI Falls 2.8% Amid Seasonal Changes
China’s CPI rose 0.1% year on year in March, while PPI fell 2.8%, reflecting seasonal demand changes after the Spring Festival holidays, according to the National Bureau of Statistics.
ADB Raises China’s 2024 Growth Forecast to 4.8%
The Asian Development Bank has raised its forecast for China’s 2024 economic growth to 4.8%, reflecting a more optimistic outlook. Developing Asia’s growth forecast was also nudged up to 4.9%.
China’s Consumer Market Shows Resilience Amid Economic Growth
China’s economy grew by 5.2% in 2023, with consumption, exports, and investment driving growth. Retail sales reached 47.15 trillion yuan, highlighting the resilience of China’s consumer market.
Premier Li Qiang Urges Technological Innovation to Sustain China’s Economic Growth
Premier Li Qiang emphasizes technological innovation to drive China’s economic growth, reaffirming confidence amid global challenges.
Chinese Ambassador Xie Feng Discusses New Quality Productive Forces in Newsweek Interview
In an exclusive interview with Newsweek, Chinese Ambassador to the United States Xie Feng discussed the role of new quality productive forces in China’s economy and their impact on global development.
Global CEOs Reaffirm Confidence in China’s Expanding Market
Global CEOs express strong confidence in China’s expanding market, reaffirming commitment to invest and grow despite global challenges. China’s economy shows steady progress and continues to attract foreign investment.
China’s Zhao Leji Advocates Unity at Boao Forum for Asia 2024
China’s top legislator Zhao Leji delivered a keynote speech at the Boao Forum for Asia 2024, calling for unity and cooperation to build a shared future for Asia and the world.
China Pledges Equipment Upgrades and Consumer Goods Trade-Ins to Boost Economy
Chinese Premier Li Qiang pledges concrete actions to promote equipment upgrades and consumer goods trade-ins, aiming to boost economic transformation and improve people’s livelihoods.
Zhao Leji Highlights Innovation at Boao Forum 2024
At the Boao Forum for Asia Annual Conference 2024, China’s top legislator Zhao Leji emphasized innovation-driven development and invited global investment in China’s future.
Xizang Leads China’s Economic Growth in 2023
Xizang Autonomous Region leads China’s economic growth in 2023, with rapid advancements in infrastructure, tourism, and sustainable industries, according to the regional government.
China’s Major Industrial Firms Report 10.2% Profit Surge in Early 2024
China’s major industrial firms report a 10.2% profit increase in the first two months of 2024, signaling strong economic momentum, according to the National Bureau of Statistics.
Chinese Premier Li Qiang Calls for Closer Cooperation with IMF
Chinese Premier Li Qiang met with IMF Managing Director Kristalina Georgieva, calling for closer cooperation to boost global economic recovery.
Economist Li Daokui Predicts 5.8% GDP Growth for China in 2024
Economist Li Daokui of Tsinghua University forecasts China’s GDP growth to reach 5.7 to 5.8% in 2024, citing strong savings rates, extensive R&D capabilities, and a vast consumer market as key drivers.