News & Insights Across Asia
China’s economic growth experienced a mild slowdown in July due to seasonal factors and extreme weather conditions, with the manufacturing PMI easing to 49.4, but optimism remains for future growth.
Local state-owned enterprises in China have increased R&D spending by 10.4% in the first half of 2024, investing 249.57 billion yuan to boost innovation and technological advancement.
China’s major industrial firms reported a 3.5% year-on-year increase in profits for the first half of the year, reaching 3.51 trillion yuan ($484.1 billion), signaling steady economic recovery.
The U.S. economy grew by 2.8% in Q2 2024, up from 1.4% in Q1, driven by increased consumer spending but offset by a slowdown in business investment due to high interest rates.
China’s overseas investments grew by 16.6% in the first half of 2024, indicating increased global market engagement and significant growth under the Belt and Road Initiative.
The U.S. economy grew at an annualized rate of 2.8% in Q2, surpassing forecasts and highlighting strong consumer spending despite high interest rates.
Discover how Wuxi City in east China’s Jiangsu Province blends remarkable economic achievements with profound cultural heritage, making it one of China’s richest cities in both culture and economy.
China’s open-door policy, initiated in 1978, has transformed the global economy. By embracing international trade and investment, China has become a catalyst for global growth and innovation.
China’s recent third plenary session of the 20th CPC Central Committee outlines ambitious reforms to deepen modernization, focusing on high-quality development and innovation to benefit people globally.
Overseas financial institutions are confident in China’s economic prospects as high-quality growth efforts yield results, with GDP expanding by 5% and significant advances in high-tech industries.
Over three decades of national support have significantly advanced Xizang’s economic, social, and infrastructural development, highlighting the transformative impact of sustained assistance.
Marking 30 years of nationwide support, Xizang celebrates significant economic growth and development through coordinated efforts, transforming the region’s landscape and improving livelihoods.
Professor Yao Yang of Peking University explains the stages of China’s 75 years of economic development and highlights innovation as the key to its new growth cycle.
China’s shipbuilding industry saw significant growth in the first half of the year, reinforcing its global leadership position amid challenging economic conditions.
The IMF has raised China’s 2024 economic growth forecast to 5%, citing a rebound in private consumption and strong exports, highlighting China’s pivotal role in global economic recovery.
Discover how China’s deepening reforms are transforming bureaucracy, exemplified by Binhai New Area’s reduction from 109 official seals to just one, streamlining business and fostering economic growth.
China’s economy maintained steady growth in the first half of 2024, with GDP reaching 61.68 trillion yuan, showcasing resilience and leading global economic development through high-quality advancements.
China’s GDP grew by 5% year-on-year in the first half of 2024, reaching 61.68 trillion yuan ($8.65 trillion), according to data from the National Bureau of Statistics. In Q2, GDP expanded by 4.7% year-on-year.
China’s focus on supply-side structural reforms has strengthened its primary, secondary, and tertiary industries, fostering balanced and high-quality economic development.
China’s foreign trade reached a record 21.17 trillion yuan in the first half of 2024, showing strong growth and resilience. Exports and imports saw significant increases, highlighting economic vitality.