China’s Sci-Fi Industry Surpasses 100 Billion Yuan Mark in 2023
China’s sci-fi industry reached a milestone in 2023, generating over 100 billion yuan in revenue, marking a significant 29.1% growth year-on-year, according to a recent industry report.
China Economy
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Debunking Misconceptions About China’s Industrial Overcapacity
An in-depth look at misconceptions surrounding China’s industrial capacity, exploring the realities behind claims of overcapacity and its impact on the global economy.
Xi Jinping’s Chongqing Visit: Boosting Trade and Urban Development
Chinese President Xi Jinping’s recent visit to Chongqing highlights efforts to boost the New International Land-Sea Trade Corridor, urban renewal, and modernization of city governance.
Liaoning Province Sets Vision for High-Quality Development and Revitalization
Governor Li Lecheng outlines Liaoning Province’s ambitious plans for high-quality development and full revitalization during a State Council Information Office press conference.
CGTN Launches ‘BizFocus’ to Spotlight China’s Vibrant Business Sectors
CGTN has introduced ‘BizFocus,’ a new series delving into China’s dynamic economy and business landscape through in-depth interviews and on-the-ground coverage.
China’s Q1 Economy Strengthens with Stable Operations and Record Trade Growth
China’s economy showed robust growth in the first quarter, with stable business operations and record trade volumes, according to Vice Commerce Minister Guo Tingting.
Global Spotlight on China’s Production Capacity Amid Overcapacity Discussions
Media attention turns to China’s production capacity as discussions on potential overcapacity attract worldwide interest.
CICPE Highlights Hainan Free Trade Port’s Bright Future
The China International Consumer Products Expo (CICPE) in Hainan showcases China’s commitment to global openness and economic development, highlighting the potential of the Hainan Free Trade Port.
China’s NDRC Denies High Export Volume Indicates Overcapacity
China’s National Development and Reform Commission (NDRC) states that high export volumes do not signify overcapacity. Official Jin Xiandong highlighted that supply-demand imbalances are common and promote competition.
Global Observers Express Confidence in China’s Economic Growth Amid 5.3% GDP Surge
China’s GDP expanded by 5.3% in Q1 2024, exceeding expectations. International observers express renewed confidence in China’s economic outlook and its impact on global growth.
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’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.