
Balancing Today & Tomorrow: Experts on China’s Economic Future
Economic experts discuss China’s balancing act between immediate fiscal stimulus and strategic investments in future industries to ensure sustainable growth and meet national targets.
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Economic experts discuss China’s balancing act between immediate fiscal stimulus and strategic investments in future industries to ensure sustainable growth and meet national targets.
China’s industrial profits declined by 7.3% in November, a narrower drop compared to October’s 10%. Key sectors like nonferrous metals and electricity showed impressive growth, signaling potential recovery.
At the Hongqiao International Economic Forum, leaders spotlighted AI as a key driver for industrial growth, emphasizing digital and green transitions and US-China collaboration.
China’s major industrial enterprises reported profits exceeding 5 trillion yuan in the first three quarters of 2023, despite a year-on-year decline.
China’s industrial sector sees profit growth driven by high-tech manufacturing, despite challenges like market demand and extreme weather.
The Luban Workshop, a collaboration between Ethiopia’s FDRE Technical and Vocational Training Institute and China’s Tianjin University, is enhancing vocational skills in industrial robotics and mechatronics since 2021.
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.
China’s value-added industrial output grew by 5.1% year on year in July, indicating a significant expansion in the country’s economy, according to official data.
China’s machinery industry saw strong growth in H1, driven by advancements in intelligent and green technologies, including a surge in NEVs and industrial robots.
China’s industrial firms achieved a 3.5% profit growth in the first half of 2024, indicating a steady recovery and positive trend in the industrial sector.