China’s Consumer Market Soars: A 5.2% Growth Story
China’s economy grew by 5.2% in 2023, driven by consumption, exports, and investment. Retail sales hit $6.63 trillion, with consumer spending playing a key role.
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China’s economy grew by 5.2% in 2023, driven by consumption, exports, and investment. Retail sales hit $6.63 trillion, with consumer spending playing a key role.
Chinese Premier Li Qiang emphasizes the crucial role of high-tech innovation in sustaining robust economic growth, highlighting retail sales growth and proactive fiscal policies.
Janet Yellen’s visit to China seeks to stabilize Sino-US relations while addressing concerns over China’s industrial overcapacity impacting the U.S. and its allies.
AMRO reports the Chinese mainland’s GDP is projected to grow by 5.3% in 2024, up from previous forecasts. ASEAN+3 economies are also expected to see increased growth this year.
Chinese Ambassador Xie Feng discusses the role of new quality productive forces in China’s economic growth and the importance of global collaboration in his exclusive Newsweek interview.
During Qingming Festival, China’s funeral industry showcases its massive scale, with the market expected to reach $56.8 billion by 2026.
China’s manufacturing sector rebounds in March with PMI rising to 50.8, indicating increased production and demand as economic recovery gains momentum.
China’s latest report highlights significant strides in high-quality economic development, focusing on wellbeing, consumption, manufacturing, infrastructure, and services, driven by a ‘compounding interest’ strategy.
China’s manufacturing PMI rises to 50.8 in March, signaling a strong economic recovery as companies boost production post-holiday.
AstraZeneca CEO Pascal Soriot expresses strong confidence in China’s supply chain efficiency and its pivotal role in the company’s global operations at the 2024 Boao Forum for Asia.