Chinese Mainland’s Manufacturing PMI Inches Down in February
The Chinese mainland’s manufacturing sector saw a slight contraction in February, with the PMI dropping to 49.1, signaling potential economic challenges.
Economy
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China’s $548B Boost to Transport Infrastructure in 2023 Fuels Growth
China invested $548.7 billion in transport infrastructure in 2023, enhancing high-speed rail, expressways, shipping lanes, and advancing smart, green transportation solutions.
China’s Public Goods Transform Global Connectivity Amid Western Skepticism
China’s public goods, including the Belt and Road Initiative, are enhancing global connectivity and cooperation, countering Western skepticism and driving record rail freight between China and the EU.
Chinese Stocks Surge on First Trading Day Post-CNY
Chinese stock markets experienced significant gains on the first trading day after the Chinese New Year, led by education and AI sectors.
EU’s Trade Probe on Chinese Train Maker Sparks Fair Competition Debate
The EU’s investigation into Chinese train maker CRRC Qingdao raises concerns about fair competition and impacts EU-China trade relations.
Hungarian Farmers Protest Surge in Ukrainian Ag Imports, Struggle to Survive
Hungarian farmers are protesting the influx of Ukrainian agricultural imports into the EU, which has led to financial struggles and uncertainty for local farms.
Chinese Consumers Ignite Record Spending During Spring Festival
Chinese consumers boost spending this Spring Festival with tourism support and cultural fairs, driving travel to unprecedented levels as the Year of the Dragon begins.
Australia Maintains 4.35% Interest Rate Amid Ongoing Inflation
The Reserve Bank of Australia holds interest rates at 4.35%, maintaining a 12-year high as inflation remains a key concern.
China-Thailand Visa-Free Agreement Boosts Tourism and Economic Ties
China and Thailand sign a mutual visa exemption agreement, set to boost tourism and economic ties starting March 2024.
American Voters Express Disappointment Despite Job Growth
Despite President Biden’s claims of job growth in 2023, his approval ratings have dropped as American voters express frustration over economic management.