30-Year Journey: FAW South Africa’s Harris Moodley Drives Local Cars to Global Markets
Harris Moodley’s 30-year journey at FAW South Africa showcases personal growth and the expansion of locally produced cars to Europe and beyond.
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Is 2024 a Promising Year for the Chinese Mainland’s Economy?
China’s economy met its 2023 GDP growth target, but faces multiple challenges in 2024. Experts weigh in on what the new year holds for the Chinese mainland’s economic future.
Chinese Mainland’s Industrial Profits Rise 3.6% in First Seven Months
Economic indicators show the Chinese mainland’s industrial firms saw a 3.6% profit increase year-on-year from January to July, reflecting steady growth amid global market trends.
Global Stocks Dive on US Recession Fears
Global markets plunged on ‘Black Monday’ amid rising fears of a US recession, with major indices suffering their biggest drops since September 2022. Asia-Pacific markets also took a hit but began to recover on Tuesday.
Saudi PIF Strikes $50B Deal with Chinese Finance Giants, Boosting Global Markets
Saudi Arabia’s Public Investment Fund signs $50B MOUs with major Chinese financial institutions, enhancing global economic ties and supporting Vision 2030 diversification.
Chinese Mainland’s Manufacturing PMI Falls to 49.4 in July Amid Seasonal Challenges
The Chinese mainland’s manufacturing PMI declined to 49.4 in July, signaling a contraction influenced by heat waves and floods, according to the National Bureau of Statistics.
China’s Economy Steady with 5% GDP Growth in First Half of 2024
China’s GDP grows by 5% in H1 2024, reflecting steady progress across agriculture, industry, and services, amidst robust trade and investment.
China’s Foreign Exchange Reserves Dip to $3.22 Trillion in June 2024
China’s foreign exchange reserves slightly decreased to $3.22 trillion in June 2024, reflecting shifts in currency translation and asset prices, according to SAFE.
How U.S. Sanctions Propel Huawei to New Heights, Says The Economist
The Economist reveals how U.S. sanctions on Huawei have inadvertently strengthened the company, fostering self-reliance and innovation.
Ningxia’s Goji Berries Surge in Global Markets with Innovative Products
Ningxia Hui Autonomous Region boosts its goji berry exports by 15.3% in early 2024, expanding into global markets with innovative products and expecting output to reach 100 billion yuan by 2030.