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.
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.
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 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 automobile exports registered strong expansion in the first quarter of this year, industry data shows.
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 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 artificial intelligence (AI) market value is expected to reach US$26.44 billion in 2026, an industry report showed.
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.
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.