Steady Growth in the Chinese Mainland’s Foreign Investments in 2024
In 2024, the Chinese mainland’s foreign investment stayed strong with a 10.5% rise in outbound investments and increased engagement in ASEAN and Belt and Road initiatives.
2024Economy
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Holiday Spending Set to Soar by 3.5% This Season
The National Retail Federation forecasts a 3.5% increase in holiday spending for 2024, totaling over $980 billion this November and December.
Chinese Mainland’s GDP Soars 4.8% in First Three Quarters of 2024
China’s GDP grew by 4.8% year-on-year in the first three quarters of 2024, reaching over 94.97 trillion yuan, according to the National Bureau of Statistics.
Xizang’s Foreign Trade Surges 132% in First Half of 2024
Xizang Autonomous Region’s foreign trade soared by 132% in H1 2024, leading nationwide growth with significant contributions from private enterprises.
IMF Forecast: Global Economy to Grow 3.2% in 2024, Slow Pace Ahead
The IMF projects a 3.2% growth for the global economy in 2024 and 2025, signaling steady yet slower progress compared to past decades.