China's contribution to global GDP growth is expected to reach over 30 percent in 2023, making it the strongest growth engine in the world, Kang told a press conference. "China's growth not only outpaces the estimated global growth of 3 percent, but also ranks top among major economies,"...
GUANGZHOU, Oct. 28 (Xinhua) -- China's gross domestic product (GDP) is expected to grow 5.2 percent in 2023 and 5 percent in 2024, according to a report released at the International Financial Forum (IFF) on Saturday. The global growth is projected to slow further this year at 3.1 perc...
Looking back on 2022,China's economy started off the year with a better-than-expected growth of 4.8-percent in the first quarter.The growth rate narrowed sharply in the second quarter due to the shocks from multiple unexpected factors.However,the economy was quickly brought back on track in ...
Sheng also noted that the 5.3-percent GDP growth was mainly driven by a rebound in the industrial sector and an improvement in the service sector. China's value-added industrial output went up 6.1 percent year on year in the first three months of 2024, with the high-tech manufacturing secto...
China's GDP grew 4.5 percent year on year in the first quarter of 2023, according to statistics released by the country's National Bureau of Statistics on April 18. The sound performance was said to be a solid start of the Chinese economy in 2023 by international community, and the world...
China's GDP grew 4.5 percent year on year in the first quarter of 2023, according to statistics released by the country's National Bureau of Statistics on April 18. The sound performance was said to be a solid start of the Chinese economy in 2023 by international community, and the world...
China's exports grew 0.6 percent in 2023, slowing down from a 10.5-percent jump in 2022. As one of the main pillars for sustaining an economy, the possibility of dynamic exports in 2024 comes as good news for China, which is taking action to secure a GDP growth of around 5 percent thi...
sales of consumer goods went up 5.8 percent year on year in the first quarter of this year,and the retail sales of services maintained double-digit growth in the same period.Final consumption contributed 66.6 percent to the economic growth,much higher than the whole-year figure in 2022....
The role of innovation in technological development became more prominent, with the country's ratio of R&D expenditure to GDP increasing to 2.55 percent in 2022, a rise of 0.12 percentage points. The investment led to fruitful results. The total number of valid invention patents in China had re...
BEIJING, Jan. 17 (Xinhua) -- China's economy posted steady growth in 2022 despite pressures including epidemic resurgences and a complicated external environment, with its gross domestic product (GDP) reaching a new level. The economy grew 3 percent year on year to a record high of 121.0207...