II. China's trade surplus nears one trillion dollars, drawing global attention In 2024, the goods trade surplus nearly reached the trillion-dollar mark, reaching $992.16 billion, an increase of $168.93 billion from 2023, more than doubling over the past five years. This contrasts with the U....
BEIJING, July 1 (Xinhua) -- China's consumer economy is expected to continue to grow fast and may increase by 1.8 trillion U.S. dollars by 2021, according to a recent report. Even as overall economic growth eases, China's consumer economy is benefiting from an emerging upper-middle-class...
In 2023 alone, despite a global economic downturn, China's exports of the tech-intensive green trio -- lithium-ion batteries, photovoltaic products, and new energy vehicles -- amounted to 1.06 trillion yuan (149 billion U.S. dollars), a robust increase of 29.9 percent year-on-year. China...
HSBC Group also expected China's household wealth to grow by around 8.5 percent annually in the next few years, with investable household assets topping 300 trillion yuan (about 43.5 trillion U.S. dollars) in 2025, "providing a good wealth base for the development of Chinese society," Ma...
In 2023, China exported goods with a total value of around 23.8 trillion yuan and imported goods with a value of 18 trillion yuan. That year, China ranked second among the countries with the largest gross domestic product, following the United States. China’s economic prosperity has been clos...
China’s weaker-than-expected post-COVID recovery and lingeringeconomic issues—which include a property crisis, sky-high youth unemployment, nearly$13 trillionin local government debt, and fading industrial firmprofits—have also led to a slowdown in foreign investment in the country. ...
TMTPost -- The Chinese government is kicking off issuance of muti-billion-dollars’ special sovereign bonds this week, ramping up fiscal boost of the world’s second largest economy. AI Generated Image China will issue RMB1 trillion (US$138 billion) of ultra-long special treasury bonds starting...
Notably, the issuance of ultra-long special treasury bonds has drawn widespread attention. These bonds will be used to implement major national strategies and build up security capacities in key sectors, with an initial allocation of 1 trillion yuan (about 140.95 billion U.S. dollars) for 2024....
In 2022, more than 5,000 listed companies achieved a total added value of more than 18.23 trillion yuan (about 2.57 trillion U.S. dollars), accounting for 15.1 percent of China's GDP, and their R&D investment value accounted for 50 percent of the national R&D expenditure, according to Yi...
The country's external financial liabilities reached 7.2943 trillion dollars, and net external assets totaled 1.944 trillion dollars. Within the external financial assets, direct investment assets amounted to 2.578 trillion dollars, portfolio investment assets stood at 967.3 billion dollars, financial derivat...