In November, the 31st APEC Economic Leaders' Meeting and the 19th G20 Summit were held consecutively in Peru and Brazil. South Africa is poised to assume the G20 presidency in 2025, marking an unprecedented four consecutive terms of G20 presidency by Global South countries. Meanwhile, China is...
By far the continent’s brightest star isSouth Africa, where per capita GDP is significantly higher than in either China or India. Moreover, unlike China, South Africa is a democracy with fairly firm ground rules for international companies. The world’s 18th-largest stock exchange is located ...
WELL BEGUN IS HALF DONE In Panyu District of Guangzhou, capital of south China's Guangdong Province, the GAC Group's Aion new energy automotive factory is able to complete the assembly of a new energy vehicle (NEV) in just 53 seconds. "Last year, GAC Aion produced and sold over 480,000...
As carbon emission is a major factor behind global warming, China has been quick in action to cut it in response. In 2022, the country's carbon dioxide emissions per unit of GDP dropped by more than 51 percent from its 2005 level, showed figures from the 2023 annual report on China's ...
"World Economic Outlook" released by the International Monetary Fund on July 25, 2023, the world GDP is expected to grow by 3.0% in 2023, which is 0.2 percentage points higher than the forecast in April. The world trade volume is expected to grow by 2.0%. Both follows a low-growth ...
“first world” is a term that consists of countries that may have the following characteristics: stable democracies, high standards of living, capitalist economies, and economic stability. Other measures that may be used to indicate first world countries include gross domestic product (GDP) or ...
As carbon emission is a major factor behind global warming, China has been quick in action to cut it in response. In 2022, the country's carbon dioxide emissions per unit of GDP dropped by more than 51 percent from its 2005 level, showed figures from the 2023 annual report on China's ...
China’s recent post-COVID-19 reopening is driving a consumer rebound, supporting regional and global growth. We expect China’s economy to grow 5.8 per cent in 2023, up from 3.0 per cent in 2022. Household consumption is likely to contribute 4-4.5ppt to this year’s GDP growth, up fro...
As carbon emission is a major factor behind global warming, China has been quick in action to cut it in response. In 2022, the country's carbon dioxide emissions per unit of GDP dropped by more than 51 percent from its 2005 level, showed figures from the 2023 annual report on China's ...
In 2023, Asia's GDP reached $44.8 trillion, accounting for 42.4% of the world, far surpassing North America or Europe. The economic scale of China alone is equivalent to that of the 27 EU countries combined. The Chinese market is extremely large, with tremendous growth potential, and has ...