News from China Economy
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Economy · ShanghaiSHANGHAI, CHINA - FEBRUARY 24: A woman crosses a pedestrian crossing in wet weather in the Shanghai's financial district (Lujiazui) on February 24, 2018 in Shanghai, China.Vincent Isore/IP3
Bank of America upgraded is forecast for China's 2024 GDP growth to 5.0% after a strong first quarter. China's breakout from its economic slump may also mean less government support ahead, BofA said. BofA doesn't expect a "a full-blown growth rebound" as rea…See the Story
China may be shaking out of its slump, and its economy could grow 5% this year after a surprising first-quarter performance, BofA says
100% Left coverage: 1 sources
Trade · NanningNANNING, April 19 (Xinhua) -- The foreign trade of south China's Guangxi Zhuang Autonomous Region reached 166.29 billion yuan (about 23.4 billion U.S. dollars) in the first quarter of 2024, up 10.3 percent year on year, customs statistics showed. Guangxi's exports increased by 31.4 percent year on year to reach 94.33 billion yuan, while imports decreased 8.9 percent to 71.96 billion yuan, said the customs of NanSee the Story
China's Guangxi sees foreign trade up 10.3 pct in Q1
100% Left coverage: 1 sources
Economy · ChinaNewtalk News China's economy is in dire straits, according to Choice, a financial data platform for Eastern wealth, and the total market value of 97 listed A-shared houses has dropped by HK$5,139 billion (approximately HK$2,074 billion) in the past year, with an average drop of 36%; the market value of more than HK$1 billion of houses has also dropped from 35 to 24.See the Story
China's 97 listed housing companies have stepped up their market shares in Hong Kong
Economy · ChinaA number of foreign banks and institutions have upgraded forecasts for China’s GDP growth for 2024 after the economy expanded by an impressive 5.3 percent in the first quarter, well above market expectations.See the Story
Foreign banks raise China's 2024 GDP growth outlook after impressive Q1
100% Left coverage: 1 sources
Economy · ChinaChina just clocked a 5.3% rise in its GDP for the first quarter of this year, outdoing the expectations of many. This gain puts the spotlight on Beijing’s push to energize its manufacturing sector, an important task for the world’s number two economy. According to an analysis prior to this, experts were betting on a more modest 4.6% increase. The National Bureau of Statistics chimed in, noting this solid beginning paves a way for potential stead…See the Story