Angola, China's second-largest trading partner in Africa, has an economy heavily reliant on oil. Cupenala hopes both countries will work together to promote Angola's economic diversification. According to Chinese customs statistics, the total volume of bilateral trade stood at 23.05 billion U.S....
China's economic terrain flourishes through a robust domestic cycle within a population exceeding 1.4 billion and a middle-income group surpassing 400 million people. Abundant market resources provide substantial developmental opportunities, promoting the clustering of industries and enhancing resilience against...
China's economic terrain flourishes through a robust domestic cycle within a population exceeding 1.4 billion and a middle-income group surpassing 400 million people. Abundant market resources provide substantial developmental opportunities, promoting the clustering of industries and enhancing resilience against...
east China's Jiangsu Province, Jan. 9, 2024. Dubbed as a capital of new energy, Changzhou City, east China's Jiangsu Province, reported a regional gross domestic product (GDP) of 1.01 trillion yuan (about 140.8 billion U.S. dollars) in 2023, up 6.8 percent year on year, the ...
At the end of 2023, China’s foreign exchange reserves reached 3,238.0 billion US dollars, an increase of 110.3 billion US dollars compared with that at the end of 2022. The average exchange rate of the year was 7.0467 RMB to 1 USD dollar, depreciated by 4.5 percent over that of 2022....
BEIJING, Dec. 23 (Xinhua) -- China's 5G mobile phone subscriptions reached 1.002 billion by the end of November, a milestone in the world's leading telecom market, data from the Ministry of Industry and Information Technology (MIIT) showed Monday. ...
(2023 billion dollars). As we mentioned earlier, unlike previous tightening cycles in 2000 and 2008, we did not see a decline in aggregate capital investment in equipment (red line) and structures (blue line). Furthermore, we see continued growth in investment in software and intellectual ...
In the first 11 months of 2024, the country's retail sales of consumer goods neared 44.3 trillion yuan (about 6.16 trillion U.S. dollars), up 3.5 percent year on year. Online retail sales of consumer goods totaled approximately 14 trillion yuan, up 7.4 percent, according to data from the...
People visit the exhibition booth of China Telecom during the 2024 World Intelligent Connected Vehicles Conference in Beijing, capital of China, Oct. 17, 2024. (Xinhua/Chen Zhonghao) China's 5G mobile phone subscriptions reached 1.002 billion by the end of November, a milestone in the world's...
The health expenditure in China has soared from under 500 billion yuan in 2000 to more than nine trillion in 2023. The reasons behind this growth are multifold. Most important factors are the increasing living standards and the aging of the population. In terms of relative numbers,health expendi...