ABB Group Reaffirms Commitment with $1 Billion Investment in Chinese Mainland
ABB Group continues its strong presence in the Chinese mainland with a $1 billion investment, amid a surge of over 42,000 new foreign-invested enterprises in 2024.
Economy
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AI’s Double-Edged Sword: Experts Sound Alarm at 2024 WLA Forum
Top scientists at the 2024 World Laureates Forum in Shanghai highlight AI’s transformative potential and the need for responsible development to mitigate risks.
China, U.S. Hold Sixth Economic Talks to Tackle Global Challenges
China and the U.S. held their sixth economic working group meeting in Washington, discussing macroeconomic policies and global challenges, including cooperation for low-income countries.
Chinese Premier Li Qiang Unveils New Policies to Drive Economic Growth and Ice Sports
Chinese Premier Li Qiang held a State Council meeting to discuss new economic policies aimed at achieving growth targets and promoting the ice and snow sports industry.
Chinese Mainland Banks Cut Mortgage Rates to Support Real Estate
Major banks in the Chinese mainland have reduced existing mortgage rates by an average of 50 basis points, following the central bank’s rate cut to support the real estate sector.
China’s Tennis Boom Ignites $5.16B Market and Future Growth
China’s tennis scene is booming post-Paris Olympics, with participation expected to hit 23.81 million in 2024 and the industry valued at $5.16 billion.
China Leads BRICS Expansion: Empowering the Global South
China champions BRICS expansion, representing half the world’s population and driving Global South unity through key initiatives.
G20 Finance Chiefs Optimistic on Global Economy, Reject Protectionism
G20 finance ministers express optimism for a soft global economic landing and oppose protectionism, while deferring discussions on geopolitical conflicts.
Chinese President Xi Jinping Participates in BRICS Plus Dialogue in Kazan
Chinese President Xi Jinping joins BRICS Plus leaders’ dialogue in Kazan, emphasizing strengthened economic and political ties among emerging economies.
New Policies Propel China’s Real Estate Boom in Major Cities
China’s real estate sector is booming with new policies boosting major cities. CGTN’s Zheng Songwu explores the impact in Chengdu.