A senior Volkswagen AG China executive reiterated on Saturday the German automaker’s commitment to quickening the pace of electrification in the world’s second largest economy
The gross domestic product (GDP) in the first half (H1) of 2023 reached RMB 59,303.4 billion, up 5.5 per cent year on year at constant price, or 1.0 percentage point faster than in the first quarter of 2022, data from the National Bureau of Statistics of China (NBS) showed Monday. According to a report by China Economic Net,
World shares were steady near their recent 15-month highs and the dollar held close to a one-year low on Tuesday as investors paused to take stock of weak economic data from China and waited for US retail sales data. Asian stocks fell earlier in the session as markets caught up with growth data from Monday showing the
China’s exports fell the most in three years in June, slumping a worse-than-expected 12.4 per cent year-on-year, as signs mount of stress from the struggling global economy and Chinese policymakers face growing pressure for stimulus measures. Imports also fell more than expected, down 6.8 per cent, customs data showed on
The value of China’s trade in services grew by 10 per cent year-on-year to a record high of 6.57 trillion yuan (around US$915 billion) in 2023, data from the Ministry of Commerce showed.
China’s foreign exchange reserves rose in December, official data showed on Sunday, as the dollar fell against other major currencies.
Gains in Europe and data from China helped equity markets shake off their New Year blues on Thursday as the latest signals from the US Federal Reserve
The IMF announced on Tuesday it has raised its 2024 global growth forecast to 3.1 percent, citing unexpected resilience in major advanced and emerging market economies
New home prices in China grew at their weakest pace in nearly two years in January as the economy slowed and a fast-spreading coronavirus outbreak brought the country’s property market to a standstill.
The coronavirus alarm has even affected the cruise ship industry. In a new move seen as a preventive measure for health safety reasons, cruise liners worldwide will prevent passengers who have recently travelled to China from boarding the ships.