China’s Marine Economy Grows 5.6% in H1, Surpassing Overall Growth
China’s marine economy grew by 5.6% in the first half of the year, reaching 4.9 trillion yuan, outpacing overall economic growth, according to the Ministry of Natural Resources.
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China’s High-Speed Rail Journey Accelerates Over the Years
Since the Beijing-Tianjin Intercity Railway opened in 2008, China’s high-speed rail has expanded rapidly, fostering economic and social development within the country and internationally.
Colombian Businesses Boost Investment in Chinese Imports Amid Growing Trade Ties
Colombian businesses are increasingly investing in Chinese imports, challenging the U.S. as Colombia’s primary trading partner. Entrepreneurs are building new ventures, strengthening ties across the Pacific.
China’s Economic Growth Slows in July Due to Seasonal Factors
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.
China’s Local SOEs Report 10.4% Rise in R&D Spending in H1 2024
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 H1 Industrial Profits Rise by 3.5%, Steady Recovery Evident
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.
U.S. GDP Growth Accelerates to 2.8% in Q2 2024
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 Records Strong Overseas Investment Growth in H1 2024
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.
U.S. Economy Surges: Q2 GDP Grows by 2.8%, Surpassing Expectations
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.
Wuxi: One of China’s Richest Cities in Culture and Economy
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: A Catalyst for Global Development
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 Charts Confident Path Towards Modernization and Growth
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.
Global Financial Institutions Express Optimism in China’s Economic Growth
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.
Unwavering Support Fuels Xizang’s Prosperity
Over three decades of national support have significantly advanced Xizang’s economic, social, and infrastructural development, highlighting the transformative impact of sustained assistance.
Celebrating 30 Years of Nationwide Support for Xizang’s Development
Marking 30 years of nationwide support, Xizang celebrates significant economic growth and development through coordinated efforts, transforming the region’s landscape and improving livelihoods.
Innovation is Key to the New Phase of China’s Economic Growth
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 Soars in First Half of the Year, Solidifies Global Lead
China’s shipbuilding industry saw significant growth in the first half of the year, reinforcing its global leadership position amid challenging economic conditions.
IMF Raises China’s 2024 Economic Growth Forecast to 5%
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.
China’s Bureaucratic Overhaul: How One Seal Replaced 109 in Binhai New Area
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 Steady Growth in 2024 Reinforces Its Role in Global Economy
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.