My Global News: Voices of a New Era
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Chinese mainland’s forex market transactions surged by 10.1% in the first three quarters, reaching $30.27 trillion. Balanced cross-border capital flows highlight the market’s resilience.
China’s latest economic measures have significantly boosted market confidence, leading to a surge in foreign investment, says Wayne Shiong of China Growth Capital.
Chinese Premier Li Qiang calls for swift execution of policies to stabilize and grow the economy, focusing on business support and responsive measures to current economic challenges.
The Chinese mainland’s July economic data shows stable growth with industrial output up 5.1%, retail sales rising 2.7%, and import/export increasing by 6.5% year-on-year.
The Chinese mainland has introduced comprehensive guidelines to accelerate its green transition, aiming for a low-carbon and circular economy by 2035 with significant goals set for 2030.
The Chinese mainland reports strong growth in foreign trade and domestic consumption for H1 2024, driven by increased exports and robust retail sales.
Fitch Ratings anticipates increased fiscal support for the Chinese mainland’s economy in the second half of 2024, as it shifts focus to high-tech industries like electric vehicles and renewable energy.
Chinese mainland banks extended 11.14 trillion yuan in new loans in early 2024, reflecting economic growth needs and balanced credit allocation efforts.
IMF raises growth forecasts for the Chinese mainland to 5% in 2024 and 4.5% in 2025, citing strong Q1 GDP data and supportive policies.
Foreign-funded enterprises express strong optimism in the Chinese mainland’s economic growth, with significant investments in high-tech sectors and new energy vehicles.