China's Q1 foreign trade surged 29.2% y-o-y to 8.47 trillion yuan ($1.29 trillion), giving it a headstart for 2021. Exports rose 38.7%, while imports gained 19.3%. Trade surplus reached 759.29 billion yuan, up 690.6% y-o-y: customs data
goal indicates China's firm determination to take the path of green, low-carbon and high-quality development. The Research Reports on China's CO2 Emission Peak and Carbon Neutrality released recently in Beijing by the Global Energy Interconnection Development and Cooperation Organization (GEIDCO), presented, for the first time, a systematic scheme that was put forward to achieve carbon reduction via China's energy interconnection.
China's Jan-Feb retail sales, a reflection of nation-wide consumption, surged 33.8% from 2020, and up 6.4% from 2019, while despite the rebound, officials and analysts cautioned time still needed for a pre-epidemic level.
China convened its annual legislative session on Friday and released sweeping plans and goals, including an over 6 percent GDP growth target for 2021 and a 6.8 percent increase in military spending, clearly displaying its resilience and confidence in all-round development in the post-COVID era, from the economy, to carbon emission reductions, to national defense.
What will China's transport sector be like in 2035? According to an industry development plan by the State Council, China will complete 200,000 km of railway, 460,000 km of freeway and complete building up Ice Silk Road in 2035.
As Chinese New Year draws near, interest in holiday-related goods is surging, with sales of recreational and fitness equipment such as mahjong skyrocketing, foreshadowing a more relaxed holiday.
The IMF expects global growth to be 5.5% in 2021 and 4.2% in 2022. The IMF projects China's economy to grow by 8.1% in 2021 and 5.6% in 2022.
China climbed to the No.1 ranking globally attracting foreign direct investment (FDI) of $163 billion in 2020 amid a raging global pandemic, according to the UN's latest report on global investment, knocking the US, which attracted $134 billion, off the first spot.
The relationship between China and the US went through a hard time in the past four years under the Trump administration. As Joe Biden takes office, the world is waiting to see the future direction of China-US relations. As the situation changes, there is growing hope that the two sides can find a way to resolve and manage their differences. However, prior to any reset to bilateral relations, events of the past four years need to be addressed and resolved.
President Xi Jinping will attend Davos Agenda 2021 of WEF and deliver a special speech via video link on Jan 25. With COVID-19 pandemic underscoring the need for greater global cooperation, more than 2,000 political and business leaders will attend. Check the info to learn more:
China ranked first with 74.1 points in an Ipsos consumer confidence index survey in Jan 2021, up 4.5 points from that of Jan 2020. US ranked 7th with 50.2 points while the global average index stood at 43.4 points, according to the survey of more than 17,500 adults in 24 nations.
Despite a complex environment combined with the COVID-19 fallout, China's annual GDP in 2020 exceeded 100 trillion yuan ($15.4 trillion) for the first time, a 2.3 percent growth year-on-year. Key indicators including employment, foreign trade and investment all displayed resilience, exceeding expectations.
China expected to become the only major economy with positive growth in 2020. China ranks first in these fields: -38,000km operating mileage of high-speed railway -Exceeding 200 million 5G terminal connections -669.49 million tons grain output -32.16 trillion yuan trade in goods
China's GDP topped 100 tln yuan for first time, reaching 101.59 tln yuan with 2.3% y-o-y expansion in 2020, said NBS official on Mon. It is estimated to account for 17% of global total for the year, with China expected to become only major economy with positive growth in 2020.
Chinese economy in 2020 expanded 2.3 percent, the country's statistics bureau said on Monday, boosted by a strong recovery in the second half after consumption, investment and export all gained pace.
China's foreign trade rose by 1.9% in 2020; exports up 4%, imports down 0.7%.
Chinese and European leaders announced on Wed night that they have completed the negotiations on the China-EU bilateral investment agreement as planned.
China's agriculture ministry stresses importance of ensuring food security, vows to put grain production as top priority and major political task in 2021.
From the first anti-monopoly case between software developer Qihoo and Tencent in 2014 to the latest probe into Alibaba's alleged monopolistic acts, China is dedicated to creating a better business environment for all of its market participants.
China's Nov economic indicators show sweeping growth in multiple sectors, with sales and industrial production growth accelerated. Enticing figures see global economists raising 2020 GDP forecasts
China's foreign trade in November 2020
Despite the impacts of COVID-19, ASEAN has surpassed the EU to become China's No.1 trade partner in the 1st three quarters of 2020. ASEAN–China Free Trade Agreement — covering a population of 1.9b people — has accelerated integration of both economies and created tens of thousands of jobs.
China's digital economy Infographic: GT
Huawei's low-end, budget phone line Honor has been sold to a Chinese consortium this morning. The decision is aimed at releasing pressure on Honor from the US' chipset ban. Check the chart to see how the sell-off will influence Huawei and where Honor's future is going:
China's economic recovery in Oct continued to gain speed.
Highlights of 3rd China International Import Expo (CIIE): - Exhibition area has been expanded by 30,000 square meters - Hundreds of new products, technologies and services will make their international debuts Check the info to learn more:
China's GDP in the third quarter expanded 4.9 percent year-on-year, causing the economy to bounce back into the positive territory of 0.7 percent growth in first three quarters, according to official data released on Monday, as the country's economic recovery accelerated amid a rebound in domestic consumption, better-than-expected exports and improving investments.