Skateboarding Takes Center Stage at Paris 2024, Igniting Sports and Business Boom
Skateboarding headlines Paris 2024 Olympics, sparking a surge in sports and business opportunities. Explore the trend with CGTN’s new EconSports Beat series.
Business
Insights on global markets, startups, tech giants, and economic trends shaping the G20 and beyond.
Global Stocks Dive on US Recession Fears
Global markets plunged on ‘Black Monday’ amid rising fears of a US recession, with major indices suffering their biggest drops since September 2022. Asia-Pacific markets also took a hit but began to recover on Tuesday.
16 Chinese Regions Surpass 5% GDP Growth in H1 2024
Half of China’s regions report over 5% GDP growth in H1 2024, led by Inner Mongolia, signaling strong economic momentum.
Global Sports Industry Soars to $796 Billion by 2025, China Leads Growth
The global sports industry is set to hit $796.8B by 2025, with China’s sports sector leading rapid growth and innovation.
Nikkei 225 Plummets Over 8%, Halts Futures Trading
Japan’s Nikkei 225 Index fell over 8%, triggering a futures circuit breaker and marking its worst drop since 1987.
US Unemployment Rises to 4.3% in July, Fueling Fed Rate Cut Talks
July’s rise in US unemployment to 4.3% fuels discussions on potential Federal Reserve rate cuts and raises concerns about economic slowdown and election impacts.
China Boosts Service Consumption to Drive High-Quality Economic Growth
China is set to accelerate the development of consumer services to drive high-quality economic growth, focusing on sectors like hospitality, healthcare, and digital services.
IMF Reports China’s Economy on Track to Meet 2024 Growth Targets
The IMF projects China’s GDP to grow by 5% in 2024, aligning with its targets as the economy shows resilience and inflation gradually increases.
Hainan Island Rides the Wave: Surfing Surge Boosts Local Culture and Tourism
Surfing makes a thrilling Olympic comeback, with Hainan Island becoming a hotspot for young enthusiasts and boosting local tourism.
UN Official Commends Chinese Mainland’s Commitment to Global Solidarity
UN’s Winnie Byanyima praises the Chinese mainland for exemplifying true solidarity by collaborating and sharing development experiences with other nations.