China Amplifies Support for SMEs to Accelerate Innovation
China intensifies support for SMEs to spur economic growth, drive innovation, and enhance capabilities. Measures target technological breakthroughs, financing, and international cooperation.
Economic Growth
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IMF Projects 3.2% Global Economic Growth for 2024 and 2025
According to the IMF’s latest World Economic Outlook, the global economy is projected to grow at 3.2% in 2024 and 2025, indicating sustained global economic expansion.
Bank of Nanjing VP Highlights Chinese Banking Sector’s Role in High-Quality Growth
At the Sibos 2024 Conference, Miro Kolesar, VP of the Bank of Nanjing, emphasized the vital role of China’s banking sector in promoting high-quality economic growth and restructuring.
China’s Forex Transactions Surge by 10.1% in First Three Quarters
China’s foreign exchange market transactions surged 10.1% in the first three quarters, reaching $30.27 trillion, reflecting strong resilience and balanced cross-border capital flows.
China Cuts Benchmark Lending Rates to Boost Economic Growth
China has cut its benchmark lending rates for the third time this year, lowering the one-year LPR to 3.1% and the over-five-year LPR to 3.6%, in a bold move to stimulate economic growth and credit demand.
China Cuts Benchmark Lending Rates to Boost Economic Growth
China has cut its benchmark lending rates for the third time this year, reducing the one-year LPR to 3.1% and the over-five-year LPR to 3.6%, in a move to stimulate economic growth and investment.
Real Estate Investors Optimistic on China’s Economic Prospects Amid Stimulus Measures
Real estate investors express optimism about China’s economy as the GDP grows 4.8% and new stimulus measures take effect, indicating a potential rebound in the world’s second-largest economy.
UBS Reports China’s GDP Outperforms Expectations in First Three Quarters
UBS reports that China’s GDP performance exceeded expectations in the first three quarters, expressing optimism despite industry challenges.
China’s Foreign Trade Surges Over 5% in 2024, Setting New Milestones
China’s foreign trade surged over 5% in the first three quarters of 2024, reaching a record 32 trillion yuan. Economist Zhu Haibin predicts continued growth over the next four years despite global challenges.
China’s GDP Climbs 4.6% in Q3, Boosting Optimism for 2024 Growth Targets
China’s GDP grew by 4.6% in Q3 2024, signaling strong economic performance and boosting optimism towards meeting annual growth targets.
Putin Asserts BRICS Will Drive Global Economic Growth
Russian President Vladimir Putin announces that the BRICS group will lead global economic growth, ahead of hosting a summit in Kazan from October 22 to 24.
Financial Street Forum 2024 Opens in Beijing Focusing on Economic Cooperation
The Financial Street Forum 2024 has opened in Beijing, gathering global financial leaders to promote trust, confidence, and collaboration for shared economic stability and growth.
ANZ Economist Richard Yetsenga: China’s Economic Outlook Remains Strong
ANZ’s Chief Economist Richard Yetsenga shares his positive outlook on China’s economy, forecasting a 4.9% growth in 2024 and highlighting the potential of the country’s capital markets.
China Unveils Economic Performance for First Three Quarters of 2024
China’s SCIO reveals the country’s economic performance for the first three quarters of 2024, highlighting steady growth and key drivers fueling the economy.
China’s Foreign Trade Growth Signals Strong Economic Momentum
China’s foreign trade growth continues in 2024’s first three quarters, signaling strong economic momentum despite external challenges. Imports and exports totaled 32.33 trillion yuan, up 5.3% year on year.
China’s Market Confidence Soars as Foreign Investment Reaches 30-Year High
China is witnessing a significant resurgence in foreign investment as new economic measures boost market confidence, reaching investment figures unseen in the past 30 years.
China Boosts Support for Innovative SMEs and Unicorn Companies
China is increasing support for innovative SMEs and unicorn companies to foster new economic drivers and help enterprises expand markets, according to the Ministry of Industry and Information Technology.
China Enhances Support for Innovative SMEs and Unicorns to Boost Economic Growth
China announces increased support for innovative SMEs and unicorn companies to foster new productive forces, expand markets, and unleash vitality, as per the Ministry of Industry and Information Technology.
China Boosts Support for Innovative SMEs and Unicorn Companies
China is set to amplify its support for innovative SMEs and unicorn companies to foster new productive forces and invigorate market vitality, the MIIT announced on Monday.
Goldman Sachs Raises China’s Economic Growth Forecasts for 2024 and 2025
Goldman Sachs has raised its forecasts for China’s GDP growth in 2024 and 2025, citing recent pro-growth measures by the country.