China

China’s foreign trade grows at faster pace despite challenges

China’s foreign trade grew at a faster pace in the first four months of the year amid uncertain external demand, trade risks and other challenges.

Tourism in Beijing surpasses pre-pandemic levels during May Day weekend

During the May Day holiday weekend, which ended last Wednesday, 9.1 million people visited the Chinese capital, up 6.6 percent. more than pre-pandemic levels in 2019. The increase in annual terms was 198.2 percent, the municipal department of culture and tourism said on Thursday, Xinhua News Agency reported.

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Number of new private enterprises grows 10.7 pct in Q1

Some 2.039 million new private enterprises were set up in the first quarter of 2023, up 10.7 percent year on year, official data has shown.

China’s GDP expands 4.5 pct year on year in Q1

China’s gross domestic product grew 4.5 percent year on year in the first quarter of 2023, data from the National Bureau of Statistics (NBS) showed Tuesday.

China’s auto exports surge in Q1

China’s automobile exports registered strong expansion in the first quarter of this year, industry data shows.

OMODA records record sales in the first quarter

Chinese car brand OMODA registered record sales in the first quarter of 2023, selling more than 13,000 vehicles. This comes as the global auto industry is recovering more slowly than expected. For example, passenger car sales in Germany were down 2.6% year-on-year in January, and more than 15.2% in China (including a 19% decline in the A0-SUV class).

China’s PPI down 2.5 pct in March

China’s producer price index (PPI), which measures costs for goods at the factory gate, went down 2.5 percent year on year in March, the National Bureau of Statistics said Tuesday.

China’s AI market to top US$26 bln in 2026: report

China’s artificial intelligence (AI) market value is expected to reach US$26.44 billion in 2026, an industry report showed.

China’s external debt declines in 2022

China’s outstanding foreign debt stood at approximately US$2.45 trillion at the end of 2022, data from the country’s forex regulator showed on Friday.

Int’l organizations, business leaders upbeat about China’s economic outlook

Economic experts and business leaders showed optimism about China’s economic growth outlook in 2023 at the just-concluded China Development Forum (CDF) 2023, saying that China is a major driver of the global economy and a reliable supplier for industrial and supply chains.

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