Chinese economy
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China said Wednesday its economy topped forecasts in the first quarter, as exporters rushed to shift goods ahead of swingeing US tariffs, but warned it faced “certain pressures” from Donald Trump’s trade blitz. Beijing and Washington are locked in a fast-moving, high-stakes game of brinkmanship since the US president launched a global tariff assault that…
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Exports have surged as companies and consumers rush to beat potential US tariff hikes. However, some economists say China’s economy is growing at a slower pace than official estimates show. China’s economy expanded at a 5% annual pace in 2024, slower than the year before but in line with Beijing’s target of “around 5%” growth,…
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China’s domestic demand, the main growth engine for the world’s second-largest economy, has huge potential for continuous expansion, officials said in an economic roundtable event broadcast on Monday. The country has broad space for invigorating domestic demand by revving up investment and consumption, the officials said in the ninth episode of the China Economic Roundtable,…
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President Xi Jinping has urged east China’s Fujian Province to play a pioneering role in the country’s modernization drive by staying committed to its development goals. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks during an inspection tour in the…
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China’s cruise economy is witnessing a steady recovery, bolstered by the visa-free policy for international tourists and the resurgence of the global cruise market. In the first half of 2024, cruise ports in Shanghai handled over 90 international cruise voyages, recording more than 180 entries and exits, with over 840,000 passengers traveling through these ports.…
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