Even if China's economy slows down, the Asian Development Bank (ADB) said it will still be the largest growth engine for the world economy.
China economy
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China's import and export growth in January and February exceeded expectations.
Besides 12 million jobs, China will also increase defense, technology, and science efforts.
The Third Plenum has not yet materialized, raising concerns about the country's ability to tackle economic challenges despite anticipated ambitious growth targets.
A team of five officials from the US Treasury Department is heading to China this week for economic talks.
China has introduced a new strategy to transform domestic innovations into commercial products that can compete in the global market.
China experienced a significant drop in its export sector last year, the first annual decline since 2016.
China has unveiled its plan to boost tourism by relaxing visa requirements.
Global economic growth is expected to decelerate for the third straight year in 2024, extending poverty in many developing countries, the World Bank warned.
China has reportedly recorded its fastest industrial expansion since February 2022 in November.
China Securities Finance Corp (CSF), usually called by its nickname King, has disclosed trading secrets. CSF has invested in over 600 firms, ranking among the top 10 shareholders.
Stocks in the US had a higher opening on Wall Street on the optimistic thought of additional Chinese economic incentive. Global stocks improved after a series of decline in a year, helped by Chinese trade number that showed signs of economic recovery across the world.
Chinese production sector has been witnessed to go through the weakest growth due to reduction in demands and historic low iron ore and crude oil prices. Following the stimulus measures adopted by the Chinese premier, the industrial profits have been revamped to record the highest growth during January and February since July 2014.
Ctrip reported a 50% increase in its net revenues for the fourth quarter ended December 31, 2015, as demand for online ticketing increases.
G-20 summit has been concluded with no major surprising outcome. Lack of strong commitments has helped Yen to gain some value against US dollar. However, on Monday, US dollar has regained some value. The appreciation has been analyzed as an outcome of positive US data which in turn is the consequence of Fed rate hiking.
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