Indonesia to shore up economy with 8-billion-dollar stimulus amid COVID-19 spread JAKARTA, March 13 (Xinhua) -- Indonesia has prepared a stimulus package worth 120 trillion rupiahs (some 8.1 billion U.S. dollars) to accelerate the economic growth to counter the challenges of the COVID-19 ...
Faster growth in consumption became a highlight last month. In May, retail sales of consumer goods expanded 3.7 percent year on year to 3.92 trillion yuan (about 551 billion U.S. dollars). On a month on month basis, consumer goods retail sales rose 0.51 percent from the previous month. "...
China's year-on-year economic growth in 2021 was the best in around a decade, although a complicated external environment and the evolving COVID-19 epidemic continued to weigh on the world's second-largest economy. Gross domestic product (GDP) grew by 8.1 percent year on year last year, o...
Li added that tens of thousands of ships from all over the world pass through the South China Sea every year, carrying a total value of $3.5 trillion of global cargo, and there hasn't been word of any of the ships being blocked or their safety threatened.RELATED...
He said that China's economy is bound to see a steady recovery and improvement in 2024, given the continuing recovery trend, the continuous deepening of reforms and ample policy scope. Louise Loo, lead economist at British think tank Oxford Econ...
In particular the production of solar cells and new-energy vehicles grew by 40.8 percent and 16.3 percent year-on-year, respectively. In the first two months, the total retail sales of consumer goods reached 7.71 trillion yuan, up by 3.5 percent year-on-year, reversing a downward trend in ...
The Ministry of Finance said a total of 2.03 trillion yuan ($306 billion) in local government special bonds have been issued across localities over the first five months. China has set its annual quota for local government special bonds at 3.65 trillion yuan. ...
“Several Measures to Assist Small and Medium-sized Enterprises in Promoting Stable Growth, Structural Adjustment, and Strong Capacity” and the “Notice on Implementing Several Measures to Promote the Development of the Private Econom...
China’s economy grew by 2.9 per cent in the fourth quarter of 2022, compared with a year earlier, bringing the overall growth rate for last year to 3 percent, official data released on Tuesday showed. The country's annual GDP came in at 121.02 trillion yuan ($17.94 trillion) in 2022,...
BEIJING, Jan. 21 (Xinhua) -- China's year-on-year economic growth in 2021 was the best in around a decade, although a complicated external environment and the evolving COVID-19 epidemic continued to weigh on the world's second-largest economy. ...