China’s Innovation Capacity Drives Future Economic Growth, Say Experts
Experts at the 2024 Bund Summit highlight China’s innovation capacity as a key driver for its long-term economic growth.
China Economy
New Quality Productive Forces to Boost Youth Employment in China, Says Think Tank
A leading Chinese think tank reports that new quality productive forces are set to drive economic growth and tackle youth unemployment in China through improved labor allocation and innovation.
Shanghai’s 2024 Bund Summit Concludes with Focus on Climate and Aging Challenges
The final day of Shanghai’s 2024 Bund Summit focused on global climate initiatives and the pressing challenges of an aging society and declining birth rates, highlighting the need for innovative solutions.
5th Qingdao Multinationals Summit Kicks Off with Record Global CEO Attendance
The fifth Qingdao Multinationals Summit is being held in Qingdao from August 27 to 29, attracting over 470 guests from multinational companies, with a record number of global CEOs in attendance.
China Sets Confident 5% GDP Growth Target for 2024 Amid Global Challenges
China sets a confident 5% GDP growth target for 2024 amidst global challenges, focusing on innovation and regional development like the Guangdong-Hong Kong-Macao Greater Bay Area to drive economic recovery.
China Unveils Ambitious Economic Plan for 2024 at Two Sessions Conference
China’s top financial leaders unveil the nation’s ambitious economic and development plans for 2024 during the Two Sessions in Beijing, highlighting innovation, regulation, and openness.
China Unveils Stimulus Plan to Achieve 5% GDP Growth in 2024
Premier Li Qiang delivered the 2024 Government Work Report at China’s annual NPC session, setting a 5% GDP growth target and unveiling a stimulus package to stabilize economic growth.
China’s New Productive Forces: A Catalytic Shift in Economic Landscape
China prioritizes ‘developing new productive forces’ to accelerate strategic emerging industries like new energy and quantum technology, signaling a significant shift in its economic landscape.
Innovation Reshaping Business: How China is Adapting in a Globalized World
Exploring how Chinese and global businesses adapt to innovation and globalization, featuring insights from INSEAD Dean Francisco Veloso.
China’s Summer Spending Boom Highlights Surging Service Consumption
China’s summer spending boom in tourism, entertainment, and sports showcases the potential of service consumption and its contribution to the nation’s economic growth.
International Scholars Express Optimism About China’s Economic Growth
International scholars express optimism about China’s economic growth prospects, highlighting the country’s competitiveness in global trade and advancements in key technologies.
Tech Innovations Ignite China’s Sunscreen Boom Amid Scorching Summer
China’s sunscreen economy is booming as companies leverage technology to meet growing consumer demand for advanced sun protection products amidst scorching summer heat.
China’s Loan Prime Rates Remain Steady in August, Signaling Economic Stability
China keeps its Loan Prime Rates steady in August, with the one-year rate at 3.35% and over-five-year rate at 3.85%, signaling confidence in economic stability and maintaining mortgage costs for homebuyers.
PBOC Governor Pan Gongsheng Reports Significant Risk Reduction in China’s Financial System
PBOC Governor Pan Gongsheng announces China’s financial system is stable with reduced local government debt, low mortgage down payments, and a significant drop in risk levels.
China’s Steady July Boost: Industrial Output and Retail Sales Rise
China’s economy showed steady growth in July, with positive trends in industrial output, retail sales, investment, and foreign trade, according to data from the National Bureau of Statistics.
China Continues to ‘Wring the Water’ Out of Financial Data
China’s July financial data remains stable, reflecting a shift towards high-quality economic development. Yuan-denominated loans increased by 13.53 trillion yuan, with experts noting an authentic portrayal of the economy.
Service Consumption Drives China’s Economic Growth in First Half of 2024
Service consumption has become a new engine for China’s economic growth in the first half of 2024, with the service industry’s contribution to GDP surpassing 50 percent and retail sales of services surging.
Half of China’s Provinces Surpass 5% GDP Growth in H1 2024
Sixteen of China’s provinces surpass the national average with over 5% GDP growth in H1 2024, led by Inner Mongolia’s impressive 6.2% increase.
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.
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.