Biz Today: Recent Episodes
China Plus
It's a weekly business talk show, discussing most important economic and business events both in China and around the world.
Top-tier Chinese cities Beijing, Shanghai, Guangzhou, and Shenzhen have released a series of measures to boost local property markets. Why are they making these moves now? Can they stimulate China’s property market? What do they mean for individual home buyers (00:41)?
We’ll also discuss the future of European competitiveness (17:15).
China has announced a slew of policies to support the economy. The measures include cutting the bank's reserve requirement ratio, lowering mortgage rates on existing home loans, and new tools to boost the stock market. Why these specific measures now? How will these supportive policies affect the real estate market and individual home buyers? Can these policies address the market concerns? And what do all these mean for the real economy?
The U.S. Federal Reserve cut interest rates by half a point. What's the importance of this first cut in four years? What could be the ripple effects (00:42)?
OpenAI releases its new AI models featuring “reasoning”abilities. What's unique about it and why do we need it (20:23)?
China's new negative list for foreign investment has removed all access restrictions to the manufacturing sector. What does it mean for China’s further opening up (00:40)?
We’ll also take a look at who are on the list of China's top 500 enterprises, and what are their respective strengths(16:35)?
Inflation has eased in the US and Europe, allowing policymakers to lower interest rates later this month. What is the outlook for the global economy? What kind of monetary policy is needed? (00:41)
We'll also examine China-Africa trade and economic ties. (19:05)
China's industrial profits grew 3.6 percent from January to July, with high-tech manufacturing profits rising by almost 13%. What was the private sector's role (00:45)?
US Fed Chair Jerome Powell signaled that an interest rate cut is imminent. How quickly can it come (18:13)?
The 2024 World Robot Conference takes place in Beijing. Humanoid robots take the center stage. What are the latest advancements in robotics technology (00:45)?
China's first triple-A video game,"Black Myth: Wukong" has hit the market big time! What is driving its success (15:58)?
The US has released its latest CPI inflation number. How might the Federal Reserve react with its monetary policy? How big a concern is the US national debt level (00:40)?
Foxconn is hiring more workers for the world's largest iPhone factory in Henan Province. Why is Apple coming back to China? Why is Apple planning to invest 1 billion yuan to build new business headquarters and a research and development centre in Zhengzhou (16:52)?
This summer, China is witnessing a booming tennis economy as Chinese player Zheng Qinwen won the women’s singles gold. At the same time, Zhang Zhizhen and Wang Xinyu claimed the silver medal in mixed doubles at the Paris 2024 Olympic Games. How will the historic victories boost China’s tennis economy? (00:45)
Goldman Sachs says the chance of a U.S. recession in the next 12 months has risen from 15% to 25%. What contributes to the recession probability, and has the US reached an economic turning point? (14:58)
The International Monetary Fund recently upgraded its economic growth outlook for China while lowering its forecast for the United States. What are the details of the world economy? What challenges lie ahead? And what could be done to deliver a soft landing?
The cost of shipping goods around the world has more than doubled since April. It now costs almost 10,000 US dollars to send a 40-foot container from Shanghai to New York. Meanwhile, China's seaborne container shipments to the US jumped 15 percent by volume yearly in June. What’s the current state of international trade? What is China’s role in it ?(00:42)
Elon Musk says Tesla will start using humanoid robots next year. What does this mean for EV sector competition(18:00)?
China's gross domestic product grew five percent in the first half. How should we interpret the country’s economic growth this year (00:37)?
We’ll also take a look at China's humanoid robot sector development. Why is the Chinese market so huge? (19:17)
The number of internet users in China has reached one billion. What does it mean for China’s digital economy (00:43)?
BYD, China's leading electric car maker, has announced an investment of one billion US dollars in Turkiye. Why is it investing now (18:50)?
China's private Caixin manufacturing PMI survey, which covers smaller firms, reached a three-year high of 51.8 in June. Analysts say this is pointing to a steady recovery of China’s economy. Where are the new opportunities in China’s economy (00:40)?
The UN General Assembly adopted a resolution by China calling for stronger international cooperation on artificial intelligence (20:07).
Chinese Premier Li Qiang urged global cooperation on scientific and technological issues during his speech at the opening ceremony of the Summer Davos in Dalian. He also called on the international community to work closely and oppose bloc confrontation and decoupling (00:45).
China's Ministry of Commerce hit back at US plans to curb investment in critical Chinese tech industries (22:25).
The National Bureau of Statistics says China's economic performance remained stable in May with improvements in major indicators, especially in high-tech manufacturing. However, the bureau also says challenges remain at home and abroad. What is the current state of the Chinese economy? What are the signals behind the indicators? And what has China done to cope with its current challenges (00:39)?
We'll also look at how the country is making efforts to boost innovation (20:24).
China says it's strongly dissatisfied with the European plan to impose provisional duties on imports of Chinese electric vehicles. What is behind this EU decision? What specific impacts will they have on China's new energy vehicle exports to the European market (00:40)?
Apple says ChatGPT will be accessible on its devices later this year (18:25).
OPEC+ has agreed to extend over 60 percent of its oil output cuts well into next year. Why is this extension needed(00:43)?
Congestion at Singapore port has escalated, leading to significant shipping delays and price surges. What does it mean for global supply chains (15:43)?
The International Monetary Fund expects China’s economy to grow 5% this year, raising its forecast from the previous 4.6%. The IMF credits this revision to China’s strong economic performance in the first quarter and a raft of new policy measures. What are the main drivers for China’s economy right now (00:40)?
China has set up its third investment fund to boost its chip industry. What will be the focal areas of the third phase of the Big Fund for its investment (16:33)?
China has announced historic steps to stabilize its property sector, including removing mortgage rate floors and lowering the minimum down payment ratios. What do these measures mean for China’s property sector? How has the market responded (00:40)?
Microsoft has announced its new products with a heavy focus on artificial intelligence. Meanwhile, the European Union has approved new landmark rules regarding artificial intelligence. How could companies balance safety and the pace of technology advancement in AI (20:04)?
US President Joe Biden has announced higher tariffs on Chinese goods. The increases apply to about 18 billion US dollars of imports from China, including electric vehicles, semiconductors and solar cells. China says the US decision to impose additional tariffs on Chinese imports is politicizing trade and economic issues. Will the US tariff hikes increase costs for US consumers? To what extent will it damage global industrial and supply chains (00:38)?
The OECD has recently given its updated forecast on global economic growth, which it expects to hit 3.1 % this year. What’s the current state of global economy (12:39)?
During President Xi Jinping's visit to France, China and France issued joint statements on strengthening cooperation and coordination in multiple areas. The two sides have signed 18 cooperation agreements between government agencies in aviation, AI governance, people-to-people exchanges, green development, and agricultural cooperation. Following the visit to France, President Xi Jinping also pays state visits to Serbia and Hungary. So, what message does President Xi’s trip to Europe send? What’s the impact of his visit on boosting economic cooperation between China and Europe?
The 2024 Beijing International Automotive Exhibition has been held with electric and hybrid vehicles taking center stage. Featuring nearly 280 new energy models, the event impressed visitors with advanced technologies and affordable options. What are the show’s highlights, how can automakers maintain competitiveness moving forward?
Tesla CEO Elon Musk is hundreds of billions of dollars richer after receiving encouraging news during his latest China trip. The company's locally produced EVs passed the country's data security test, and the US automaker secured a deal to use maps from China’s search giant Baidu. How will these developments pave the way for Tesla’s Full Self-Driving rollout in China?
Some US and Western politicians and media outlets have recently claimed "overcapacity" in China's industrial sector. They have focused on the growth of Chinese manufacturing in new green industries like electric vehicles, lithium-ion batteries, and solar panels. In 2023, China became the world's largest auto exporter, with a significant increase in sales of new energy vehicles. What's behind China's NEV success? Why does the "overcapacity" narrative conflict with the global demand for new energy vehicles and basic economic principles?
China's economy shows sustained recovery and improvement in the first quarter, with GDP growth hitting 5.3%. Data shows that increased retail sales, investment growth, and increasing imports and exports all indicate the steady recovery of the country's economy. We’ll also hear about the latest consumption trends from the China International Consumer Products Expo in Hainan (00:53).
The IMF has lifted its global economic outlook for this year to 3.2 percent. What are the challenges and opportunities facing the world economy (19:40)?
U.S. Treasury Secretary Janet Yellen wrapped up her visit to China. What are the highlights of the visit (00:46)?
The U.S. consumer price index rose 3.5% in March. What does the latest figure mean for the Federal Reserve’s future interest rate cuts (14:36)?
China's manufacturing sector experienced its most rapid expansion in over a year in March. The official PMI rose from 49.1 in February to 50.8 in March. What does it mean for China's economy (00:37)?
A survey conducted by Japan's central bank reveals that business sentiment among major non-manufacturing companies in the country has reached a three-decade high in the first quarter of 2024. What's the current state of Japan's economy, and what is the key that will allow the central bank to raise interest rates again (18:25)?
The Boao Forum for Asia was held this week in Hainan province. Global security, the world economy, science and technology innovation, and the impact of artificial intelligence topped the agenda. The forum has released its annual report on Asia's economic prospects, calling for growth of 4.5% this year, supported mainly by solid consumption. What are the driving forces for Asia’s economy? What are the potential challenges? What advantages do Asian economies have when it comes to disruptive technologies like AI？
China's industrial output grew 7% in the year's first two months, beating expectations and marking a solid start for China's economy in 2024. Meanwhile, China has issued a broad plan to attract foreign investment further. What are the new opportunities in China (00:40)?
US tech giant NVIDIA unveils its new super-chip as it drives closer cooperation with Chinese EV maker BYD (17:27).
China's auto exports jumped over 30 percent in the first two months of this year. What were the main factors (00:43)?
Japan's economy has narrowly avoided recession after revising its official economic growth figures. However, Tokyo's stock market has been riding high since the beginning of the year despite economic stagnation. How does that happen? Is Japan's economy at a turning point (17:50)?
Economic issues are a focal point for China's national legislators and political advisors during this year's Two Sessions. China has set an economic growth target of around 5% for 2024. What messages have been sent from this year's Two Sessions? How will they shape China's economic future?
Trade ministers worldwide have gathered in Abu Dhabi for a World Trade Organization meeting to set new global commerce rules. "Don't take economic resilience for granted" -- that's the message from WTO chief Ngozi Okonjo-Iweala. What are the most significant challenges for global trade? What does it mean for the global economy? What is China's role in international trade and economic growth?
China’s central bank has cut its benchmark five-year mortgage rate by 25 basis points. What does it mean for the property sector? And what does it mean for the economy this year (00:38)?
OpenAI has revealed a new Artificial Intelligence tool called “Sora.” What does the latest leap in AI mean for different industries? How should people prepare for it (17:57)?
Chinese consumers have flexed their spending power during this year’s Spring Festival holiday (00:40).
China's digital finance has gone global, enabling tourists to travel abroad with "one wallet.”So, what are the main drivers for China's digital finance and digital economy? What does this growth say about China’s economic policy (15:20)?
Across China, vibrant Spring Festival celebrations are underway as the nation reaches the pinnacle of its most important holiday season. The Chinese Lunar New Year is about homecomings. This year, Chunyun, or the Spring Festival travel rush, is expected to set a new record of nine billion passenger trips during the 40-day travel peak. Meanwhile, China's leading online shopping platforms also capitalize on the traditional high-spending season. So, what are some of the new trends in China’s Spring Festival tourism and consumption? What does all this say about the country's economy (00:38) ?
We also take a look at global AI governance (19:40).
The International Monetary Fund has revised its outlook for the global economy this year. It now predicts global growth will hit 3.1 % in 2024. What’s the current situation of the global economy? What are some of the main challenges lying ahead? Can the international economy avoid a “hard landing"?（00:43)
China urges breakthroughs in GPUs, robotics, and quantum computing to drive “future industries".（20:12）
Global shipping rates are rising as Houthi forces continue to attack ships in the Red Sea. Data shows that the cost of shipping from Asia to Northern Europe has surged 460% compared to mid-October. The IMF says maritime traffic through the Suez Canal is down 37% this year. What is the impact of the Red Sea crisis on global logistics and the economy (00:40)?
The World Tourism Organization says global tourism will fully recover from the pandemic in 2024. What’s the driving force behind the rebound of tourism activity (18:38)?
Chinese Premier Li Qiang has addressed the World Economic Forum, highlighting China's contribution to global economic growth (00:45).
China's 2023 economic performance exceeded expectations, with GDP increasing 5.2%. What does this figure reveal about the overall economic landscape in China, and can we infer any specific trends or opportunities from this growth rate (17:58)?
China's "ice and snow city" Harbin is seeing an unprecedented influx of tourists. Many people from warmer parts of the country flock to the frosty North. What is behind this tourism miracle in Harbin? Is it part of a new driving force for the revival of China's Northeast region (00:39)?
China plans to facilitate common prosperity through the digital economy (15:50).
China’s Caixin manufacturing PMI rose to 50.8 in December from 50.7 in November. Meanwhile, China's official PMI, which includes both manufacturing and non-manufacturing activities, came in at 50.3 in December. How is Caixin manufacturing PMI different from the official PMI? What can it tell about China's manufacturing sector? And what’s the current situation of China’s economy (00:44)?
The first home-built cruise ship in China sets sail on its maiden voyage (19:55).
The world economy has weathered a lot of challenges this year. Many international institutions expect global growth to slow in 2024 due to elevated interest rates, higher energy prices, and geopolitical uncertainties. What has been happening for the global economy in 2023? What are the challenges expected ahead? Can technological advancements deliver new drivers for the global economy?
This year marks the 45th anniversary of China's reform and opening up. It's also been ten years since China decided to deepen reforms. China is now the world's second-largest economy and the largest manufacturer. What does it mean when we talk about reform and opening-up? How has China's economy developed over the past 45 years（00：43）?
We'll also look at ChatGPT. Nature magazine has included it among the top 10 most influential researchers of the year (16:43).
China held its annual Central Economic Work Conference this week as Chinese leaders decided on the priorities for next year's economic work. How does China plan to navigate through headwinds and boost its economic recovery in 2024? What favorable factors will continue to support China as a significant contributor to the global economy?
Chinese President Xi Jinping has called on Shanghai to deepen reform and opening up. What is Shanghai’s role in China’s high-quality development (00:44)?
We’ll also take a look at how China’s car makers managed to get ahead in the EV era (11:15).
The first China International Supply Chain Expo was held in Beijing this week. It aimed to provide a platform for enterprises to expand trade and investment cooperation. It covered many areas, including smart vehicles, green agriculture, clean energy, and digital technology. What must be done to stabilize and build more trust in the global supply chain (00:44)?
Germany's GDP fell by 0.1 points in the third quarter compared with Q2. Is Germany’s economy headed for a recession (18:23)?
The artificial intelligence sector has faced high drama recently, partly because of OpenAI and its CEO, Sam Altman. Altman is back as CEO after OpenAI’s board fired him a few days ago, and staff nearly revolted. Meanwhile, AI is already transforming the workplace. How will the development of AI change our work and life? What should be done to regulate it (00:41)?
China and Saudi Arabia have signed a local currency swap agreement. What does it mean for the two countries (21:30)?
Leaders of the 21 economies around the Asia Pacific region have gathered in San Francisco to discuss economic growth and other issues. The summit between Chinese President Xi Jinping and US President Joe Biden has attracted global attention. What are the highlights of this year’s APEC meeting, and what has the group achieved (00:43)?
China recorded strong retail sales and industrial activity in October (20:21).
Global executives and officials have been attending the sixth International Import Expo in Shanghai. What does it tell us about China’s economic outlook (00:39)?
China pledges to expand financial openness at the Financial Street Forum in Beijing (12:26).
Elon Musk launches new A.I. chatbot “Grok” (18:04).
China has held its Central Financial Work Conference in Beijing to deepen reforms in the financial sector. What signal has been sent by the conference (00:40)?
We’ll also examine the latest developments in the country’s EV manufacturing sector (20:21).
China has approved one trillion yuan in new government bonds to support the economy. Why is the country making this move now (00:39)?
The IMF says Germany is likely to overtake Japan as the No. 3 economy in the world in 2023. (18:45)
China hosts the Third Belt and Road Forum for International Cooperation this week, how does the BRI contribute to world economic integration (00:41)?
China's telecommunications and Internet companies increase their investments in the cloud computing industry (18:39).
The IMF has released its latest World Economic Outlook. The fund left its global growth forecast for this year unchanged at 3%.（00:43）
China has published a white paper on the achievements of the Belt and Road Initiative over the past ten years. What has been achieved through BRI? (18:45)
The World Bank projects 5.1% growth for the Chinese economy this year. What are the driving forces for China’s economy (00:41)?
The US autoworkers strike has cost the US economy nearly four billion U.S. dollars (17:43).
China hopes the European Union will lift restrictions on Chinese high-tech products (00:40).
Foreign institutions have expressed positive views on the A-share market and China's economic growth. What’s the basis for their enthusiasm?(15:22)
China posted better-than-expected economic data in August as the world's second-largest economy continues to recover steadily. What are the signals behind the indicators (00:38)?
We’ll also look at what China’s Belt and Road Initiative has achieved ten years on (18:02).
The European Commission has cut the growth forecast for the Eurozone economy to 0.8% in 2023 and 1.4% in 2024. Why are the prospects deteriorating for the region’s economy (00:41)?
Apple unveils its latest gadgets, including the newest generation of iPhones (19:37).
Digital technologies, represented by the Internet of Things, robotics, and artificial intelligence, are a bright spot at this year's China International Fair for Trade in Services in Beijing. How will they improve the efficiency of industrial production?
China has cut its stamp duty on securities trading to activate the capital market and boost investor confidence. Chinese financial authorities say the country plans to expand demand further, shore up confidence, and prevent risk in the year's second half. How will it help stimulate the economy (00:41)? China and the U.S. have agreed to hold more dialogue on trade and export control. What does it mean for the two countries(15:03)?
Chinese President Xi Jinping calls for cooperation between BRICS countries at the summit in Johannesburg, South Africa. He says development is a right of all nations and not a privilege limited to a few countries (00:39). We also discuss China’s summer spending. Why is the cultural and tourism sector in China booming? What does it mean for the economy as a whole (18:12)?
China has issued a 24-point guideline that would further optimize the country’s business environment and attract foreign capital. How will the new policy benefit multinational corporations? (00:46) Ahead of the upcoming BRICS Summit, what are the key economic issues to be discussed? (16:40)
In the first half of this year, China exported over two million vehicles, surpassing Japan and Germany to become the world's largest auto exporter for the first time. China’s auto exports expanded on the increased sales of new energy vehicles, which accounted for 25 percent of the total. What are the main reasons behind China overtaking its competitors (00:38)? Fitch downgrades U.S. credit rating. What impact will it have on the US economy (18:02)?
China has announced measures to boost domestic consumption and the private sector. How effective will these new measures be (00:44)? We’ll also take a look at the eurozone economy. Will it avoid a recession this year (17:42)?
The International Monetary Fund has improved its outlook on global economic growth for this year. The fund projected three percent global GDP growth in 2023, up 0.2 points from its April report. Its forecast for China is unchanged at 5.2 % for 2023 and 4.5 % in 2024. What are China’s primary economic tasks in the second half of the year? What is the single most significant risk factor facing the global economy?
China's gross domestic product grew by 5.5 % in the first half of the year, reaching 59 trillion yuan, or around 8.3 trillion US dollars. What do the latest economic figures tell us? What policy response can we expect(00:40)? China has issued a guideline on promoting the development of the private economy. What message does it send (17:52)?
China is aiming to raise its opening up to a new level actively. What is the key message China is sending (00:41)? The latest OECD report says the world job market is on the brink of an AI revolution, with 27% of workers at high risk of being automated (20:23).
China's Caixin services PMI eased to 53.9 in June but remained comfortably above the 50-point benchmark indicating expansion in activity. Meanwhile, the Caixin manufacturing PMI came in at 50.5 in June. What are the signals behind these indicators? What’s the current state of the Chinese economy (00:41)? For the first time, Argentina has used the Chinese currency to settle part of its debt with the International Monetary Fund. Why does Argentina want to deepen the use of the yuan and reduce dependence on the US dollar (23:20)?
Chinese Premier Li Qiang has set a bullish tone on economic growth in a speech at this year's Summer Davos Forum in Tianjin. He said China's economic growth in the second quarter would be higher than the first quarter (00:43). We’ll also look at China’s unicorn enterprises. Who are they, and what sectors are they concentrated in (19:17)?
One of the key competitions in today’s world is in science, technology and innovation. China ranked 11th on the Global Innovation Index in 2022. What are the driving forces behind China's science-tech innovation (00:39)? China’s central bank cut its benchmark lending rates for the first time in ten months. What impact will it have on housing, business and the financial markets (16:20)?
The U.S. Federal Reserve left interest rates unchanged for the first time in fifteen months. The decision comes after new data shows inflation reached a record high last year and is now cooling off (00:37). Who's going to regulate artificial Intelligence? The European Union debated that question and agreed on landmark legislation establishing controls on A.I. use (17:47).
The World Bank has lifted its growth forecast for global growth in 2023, citing better-than-expected resilience from major economies such as China and the U.S. What more does the World Bank say about the global economy? How could China contribute to the growth (00:42)? Saudi Arabia pledges to cut oil output by one million barrels a day starting in July. What’s the outlook for oil prices in the coming months (16:05)?
Artificial Intelligence is high on the agenda at the Zhongguancun Forum this week. When walking into the forum, visitors encounter various robots providing services such as delivery, reception, and guidance. What advantages does China have in Artificial Intelligence? (00:40) Singapore home prices have surpassed Hong Kong as Asia Pacific’s most expensive. Why are they so costly? (21:28)
China will raise its basic pension payments for retirees in 2023, marking the 19th consecutive annual increase. Official data shows by the end of 2022, the number of Chinese people aged 60 or above had surpassed 280 million, accounting for nearly 20% of the country's total population. How should China cope with its aging society? Does China still have demographic dividend? Or is it transitioning to talent dividend? What does it mean for the economy (00:42)? We’ll also take a look at China-Europe freight train service. Who will benefit from the service and how (21:06)?
China's economy picked up again in April, with growth in both retail sales and industrial output. Meanwhile, a latest UN report says China’s economic growth is expected to increase by 5.3% this year. How will China’s recovery impact the global economy (00:42)? The CEO of OpenAI Sam Altman testified on the possibilities and dangers of the new technology chatGPT. How should artificial intelligence be regulated (16:22)?
China's foreign trade rose 5.8% in the first four months of this year. What’s the state of China’s economic recovery? And what has China done to cope with its current challenges (00:41)? We'll also take a closer look at China's trade with Belt and Road Initiative countries (18:40).
The U.S. Federal Reserve raised interest rates by a quarter of a percentage point. This is the tenth hikes in 14 months.The moves have pushed the US benchmark rates to between 5% and 5.25%. Has it gone beyond investors’ expectations? How would the U.S. economy react to this additional rise (00:40)? Chinese tourism saw a remarkable surge during the five-day Labor Day holiday. What does it mean for China's economic recovery (20:58)?
The United Nations estimates that China will soon cease to be the world's most populous country. It says India will surpass China by mid-2023. What is the demographic dividend besides the whole population of a country? What does it mean for the country's economy (00:41)? The “new capital of barbecue,” Zibo, has become a hot destination for travelers in China. How did it get so famous in such a short time (18:32)？
China's economy rebounded more than expected in the year's first quarter. GDP grew at 4.5 %. What are the main driving forces for China’s economic rebound? Will this growth momentum sustain or even accelerate throughout the year (00:40)? How should we regulate Chatbot technology (16:17)?
While the global economy faces many challenges, the IMF predicts that China's economy will grow by 5.2% this year. What’s the basis for this optimism? How strong is the influence of China's reopening on the global economy (00:40)? What more do the latest economic figures say about China's growth (21:22)?
Oil prices jumped after OPEC+ producers announced further output cuts. Saudi Arabia and other OPEC+ nations announced production cuts of nearly 1.2 million barrels per day. Why are OPEC+ nations announcing additional cuts right now? How will it affect oil prices on the global market (00:42)? China and Brazil will use their domestic currencies in bilateral trade. Are we seeing a trend of de-dollarization (14:28)?
American bank First Citizens has agreed to buy failed lender Silicon Valley Bank. First Citizens will acquire SVB from the United States financial regulator, which controls SVB assets. What’s next for Silicon Valley Bank and the global banking system? Financial markets turmoil over the past two weeks has caused great concern across the globe. What’s the outlook for the global economy (00:43)? We’ll also look at this year’s Boao forum for Asia, for which technological competition and cooperation is a hot topic during meetings (17:10).
The US Federal Reserve has raised interest rates again to fight inflation, despite banking turmoil. The Fed upped its key rates by 25 basis points, the lowest hike in nearly a year. Why does the Fed keep hiking rates? Does it mean fighting inflation is more important than curbing the banking sector fallout? How much responsibility does the Fed bear for the banking crisis (00:40)? We’ll also take a look at the chip industry in China. Can China achieve self-reliance in the semiconductor industry in the next few years (18:19)?
In the wake of the collapse of Silicon Valley Bank, Moody's cut its outlook for the U.S. banking system to negative. A day before, President Joe Biden urged the U.S. public to continue to trust the sector. What is next for Silicon Valley Bank? Will U.S. banking fears spread further? Will the Federal Reserve halt its interest rate hikes to boost confidence in the financial system?
China has set a goal for its economy to grow at around 5 % in 2023. This GDP target announced in the government work report marks a significant acceleration from the 3% growth seen last year. What sectors of the economy are likely to see growth momentum?
China has unveiled a plan to promote digital development through 2035. What does a "digital China" mean? What is driving the digital economy for the world's second-largest economy (00:42)? Since the easing of Covid-19 restrictions, China’s economic recovery is gathering pace. We spoke with Wang Dan, chief economist of Hang Seng Bank (China), about her view on China’s market and economy in 2023 (18:32).
Goldman Sachs upgraded China’s economic growth forecast to around 6.5% this year. How will China’s economic recovery benefit the world (00:46)? We spoke with the chairman of a US company in China about his view on China’s market and economy. He also talked about how the business communities in the US and China can contribute to developing bilateral relations (17:18).
Top executives of multinational companies are planning visits to China as economic activities recover following the easing of COVID-19 restrictions. What business opportunities are they pursuing? How do they view China’s market(00:46)? We also talked exclusively with Jens Eskelund, vice president of the EU Chamber of Commerce in China, about his view on China’s markets and the economic bounce back in 2023 (15:52).
How will China’s resumption of outbound group travel contribute to the overall recovery in global tourism (00:38)? Microsoft and Google are gearing up for a battle for leadership in ChatGPT. Is the intensifying competition a welcome sign? How will ChatGPT change our lives? How are universities and higher education responding to it (15:10)?
The IMF raised China's growth forecast to 5.2% in 2023. What are the driving factors for the economic rebound? In what fields could China contribute to the world economy this year(0:40)? The US Federal Reserve increased interest rates by 25 basis points but warned that more hikes could come. What are the implications for the US and global economies(14:33)?
The International Monetary Fund hinted it might raise its global economic outlook this year. IMF head Kristalina Georgieva said the global outlook is not as bad as feared a couple of months ago — “but less bad doesn’t quite yet mean good.” She said global headline inflation was heading down, and China’s reopening should boost global growth. The IMF is now forecasting China’s economy will outpace global growth of 2.7% this year at 4.4%.
So what’s the state of the global economy? Where is it heading to? What is China’s role in it?
China's economy grew by 3 percent to 121 trillion yuan in 2022, despite many challenges and pressures. Industrial output rose 3.6 percent over the previous year, while retail sales shrank slightly by 0.2 percent. There are expectations that the economy could rebound, with growth reaching 5 percent or even higher this year.
How much momentum will China’s economy have in 2023? Will it be able to weather the headwinds and maintain stability and resilience?
Global investors are buying more Chinese stocks as they are increasingly bullish on the market. Foreign capital inflows into A-shares through the northbound trading system exceeded over 41 billion yuan ($6 billion) since January, equivalent to nearly half of the 90 billion yuan bought by foreign investors in all of 2022. Why more and more global investors are turning their attention to the China A shares market? (00:42)
The French government has announced a highly controversial pension reform, a proposal that might cause a political and social storm for the administration of President Emmanuel Macron. France’s Pension Advisory Council has estimated if nothing was changed, the country’s pension system would have a deficit of 13.5 billion euros by 2030. We look at what’s in the reform and how will it affect people’s lives and the country’s economy in the long term. (15:57)
It has been a year since the Regional Comprehensive Economic Partnership, or RCEP, came into effect. It is the world's largest free trade agreement among Asia Pacific nations. What benefits has it brought to the member states so far (00:43)? German official says EU should monitor Twitter for its 'anti-competitive behavior'. What has Musk done in the past two months since he bought Twitter (21:10)?
It has been a bumpy ride for China and the global economy throughout 2022 with multiple challenges. In the year-end show, we take a look at what made headlines and what we can expect in 2023? Will China's economy rebound robustly as the country has lifted COVID-19 restrictions?
China's digital economy makes up nearly 40% of country’s total GDP. What’s behind its incredible growth (00:43)? Chinese EV makers set sights on winning over European markets. What’s the competition scenario of the EV industry in Europe (18:34)?
More foreign financial institutions predict that the Chinese economy will rebound stronger in 2023.
This week, Morgan Stanley revised its growth outlook for China’s economy in 2023 to 5.4% from its previous forecast of 5%. Standard Chartered expects China’s economy to grow at 5.8% next year. Meanwhile, the International Monetary Fund has also raised its forecast for the Chinese economy to 4.4% in 2023.
How did China’s economy stay resilient during the COVID-19 pandemic, and what impact would easing COVID-19 measures have on boosting the country’s economic growth in 2023?
Inflation in the euro zone slowed slightly in November to 10%. What are some of the main reasons of the slowdown? Has inflation in the Euro zone peaked? Is Europe falling into a recession this winter? (00:41) We’ll also take a look at the UK economy. Is the country facing a “lost decade” of growth (15:51)?
China's central bank has announced it will cut the banks' reserve requirement ratio by 25 basis points on December 5th. Why this move now? (00:40)
We’ll also take a look at the world economy and where it's headed. (12:08)
China's monetary policy will continue to offer strong support to the economy.The governor of the People's Bank of China Yi Gang addressed the Financial Street Forum in Beijing this week. How can the financial industry enhance its support for the country's real economy (00:38)? Chinese electric vehicle makers have set their eyes on winning over European markets. What are their advantages in the European market? What challenges are they facing (16:20)?
G20 summit was held in Bali, Indonesia this week. China calls on G20 members to promote 'inclusive, beneficial, resilient' global development.How did G20 focus on solving global economic challenges （00:42)? The latest economic figures show China continuing its recovery momentum in October. What are the driving forces behind the recovery (20:48)?
China's digital economy accounts for about 40% of its total GDP. What are the driving forces of its rapid development (00:43)? Facebook’s parent company, Meta, announced its first major job cut in the company's history. What’s behind US tech giants’ layoff trend? Will there be more tech layoffs in the future (18:53)?
China's outbound investment increased by 8.5% in the first nine months. What are the destinations of these investments (00:40)? Elon Musk has become Twitter's new owner. What's next for the social media platform (20:08)?
China promotes foreign investment with a focus on manufacturing, what opportunities are there for global investors (00:45)? The U.K.’s new Prime Minister Rishi Sunak, what are his plans for restoring economic stability (17:07)?
China has pledged to expand its opening-up and strive for open and inclusive economic globalization. An official with China's top economic regulator says it's wrong to think that by focusing on its domestic economy, China will scale back its opening-up efforts. Why is it essential to expand the opening up? Why is developing the real economy critical for China (00:41)? We’ll also discuss the current situation regarding energy supply in Europe. Is the E.U. ready for the coming winter (19:03)?
According to the World Intellectual Property Organization, China rose to the 11th on the global innovation index 2022.This shows that China jumped 23 places up from the 34th spot a decade ago. What are the main drivers for China’s innovation improvement (00:38)? The IMF has cut its global growth forecast for next year to 2.7 percent, down by 0.2 percentage point from its July forecast. Apart from the pandemic and the Russia-Ukraine conflict, what are some other factors that have weakened the global economy(19:53)?
UNCTAD warns that monetary policies in advanced economies may trigger a global recession. What’s the current situation of the world economy? Where will it go in the next year (00:41)? We'll examine why the U.K. is ditching its tax-cut plan (19:15).
The OECD has slashed its global growth forecast for 2023 to 2.2%. How will geopolitical tensions, the Covid-19 pandemic, and the U.S. Fed’s interest rate hikes impact the world economy?
The OECD has slashed its global growth forecast for 2023 to 2.2%. How will geopolitical tensions, the Covid-19 pandemic, and the U.S. Fed’s interest rate hikes impact the world economy?
The U.S. Federal Reserve has raised its key interest rate by three-quarters of a point again. Can this tame the inflation? Will it lead the world economic into recession(00:40)? The German government has agreed to nationalize its energy giant Uniper. Why now? How will Europe deal with the energy crunch for this coming winter(17:36)?
The U.S. Federal Reserve has raised its key interest rate by three-quarters of a point again. Can this tame the inflation? Will it lead the world economic into recession(00:40)? The German government has agreed to nationalize its energy giant Uniper. Why now? How will Europe deal with the energy crunch for this coming winter(17:36)?
Global food prices in July were 13% higher than a year ago, and the prices could keep rising. How high will it go (00:44)? In the U.S., inflation remained unexpectedly high in August. Over the last 12 months, the CPI rose 8.3%, down slightly from July’s 8.5% rise. When will price increases end? How to tame US inflation (18:57)?
Global food prices in July were 13% higher than a year ago, and the prices could keep rising. How high will it go (00:44)? In the U.S., inflation remained unexpectedly high in August. Over the last 12 months, the CPI rose 8.3%, down slightly from July’s 8.5% rise. When will price increases end? How to tame US inflation (18:57)?
OPEC-plus has decided to cut oil production starting from next month. What does it mean for the current energy crisis in Europe (00:43)? China has published the list of the top 500 Chinese enterprises. Who is on the list this year (19:26)?
OPEC-plus has decided to cut oil production starting from next month. What does it mean for the current energy crisis in Europe (00:43)? China has published the list of the top 500 Chinese enterprises. Who is on the list this year (19:26)?
Profits of China's major industrial enterprises fell by 1.1% year on year in the first seven months, but revenues still increased. What's behind the increase in revenue but fall in profits(00:40)? Markets in the US, Asia and Europe dropped this week and the U.S. dollar rallied after US Federal Reserve chair Jerome Powell warned of more rate hikes to fight inflation. What are some contributors to the volatility in the global markets(14:41)?
This year's World Robot Conference offered insights into the real-life applications for advanced robots in multiple fields. How can robots change people’s lives and work? (00:40) Huawei founder Ren Zhengfei said the company needs to change its business strategy to ensure its survival in the next three years. What can they do to maintain profit growth? (20:06)
U.S. President Joe Biden has signed the Inflation Reduction Act into law. But can it solve the U.S. inflation problem? Why is inflation a global phenomenon right now (00:41)? The Chinese property market is at a turning point. Considering the changing demographics in China, what’s the outlook for it (19:10)?
Global food prices fell sharply in July, but they are still up from last year. Why did prices fall? How will it affect global consumers and economies (00:39)? Baidu says it will operate fully driverless robotaxis in two Chinese cities. What stage are we at now in terms of self-driving technology? How will it change people’s ways of commuting (17:49)?
The U.S. congress has passed the 280 billion US dollar industrial policy bill, the CHIPS and Science Act. Will it make chipmakers have to take side between US and China (00:40)? OPEC plus said it would produce an additional 100,000 barrels a day in September. That is the smallest increase since quotas were introduced 40 years ago. Why was the increase so small (18:08)?
The 2nd China International Consumer Products Expo shows China's determination to further open up to the world(00:42). The U.S. Federal Reserve has once again raised its interest rate by 75 basis points in its fight against soaring inflation. But is this working? Will the US avoid falling into recession(16:49)?
The euro fell below parity with the U.S. dollar this month, the first time that’s happened in 20 years. Why is the euro falling and what does it mean for the Eurozone economy (00:42)? Twitter's lawsuit against Elon Musk, a judge ordered the case to go to trial in October (19:18).
China's gross domestic product expanded 2.5% in the first half of this year. How has the Chinese economy performed so far this year? From now on, will the pace of recovery be strong?
China's digital economy increased to 6.7 trillion U.S. dollars last year, second only to the U.S. What is driving the digital economy (00:40)? Chinese automaker BYD has overtaken Tesla as the world’s top electric vehicle producer by sales (19:14).
Hong Kong celebrated its 25th anniversary of returning to the motherland on July 1st. Hong Kong has remained one of the world’s freest economies for the past 25 years, and has been a major international financial hub.The city is now integrating further with the mainland economy through the Greater Bay Area, which includes 11 cities centered on technology, innovation and high-end manufacturing. So what is Hong Kong's role in connecting China to global markets? What is unique about Hong Kong as an international financial hub?
Economists say the BRICS countries, Brazil, Russia, India, China and South Africa, represent "a stabilizing factor in regional development and the global supply chain". So what are some of the main areas that the BRICS countries can cooperate on when it comes to trade and the global economy? What are the key roles that BRICS countries can play in promoting global economic recovery?
China’s economic recovery gathered speed in May as key indicators were stronger than expected. But what are the challenges ahead (00:43)? The U.S. Fed announced a 75- basis-point interest rate hike to fight inflation. Could the move lead to a recession (17:34)?
China's exports surged at double-digit rate in May, beating market expectations. What is the outlook for China's foreign trade this year(00:40)? The World Bank cuts its global growth forecast to 2.9% for this year, is the world economy heading into a recession(16:58)?
China unveils a package of 33 policy measures to support the economy. How will they work (00:35)? The U.S. Inflation rate slowed slightly in April but remained a huge concern. What's the gravity of the current inflationary shock (09:05)?
Thousands gathered in Davos over the past week for the World Economic Forum to discuss political and financial policies. The focus is on the Russia-Ukraine conflict, surging global inflation, and the fast-approaching climate emission deadlines. So what is on the Davos agenda? What are the prospects for the global economy?
China's April industrial output and retail sales shrank amid Covid-19 resurgence. What’s the current state of the Chinese economy? Will the government roll out more supporting policies?
China's foreign trade up 7.9% in the first four months of this year. What contributed to this resilience for China's economy?
The IMF Deputy says global inflation may come faster than anticipated. What can be done to tame inflation without bringing about a recession?
Chinese President Xi Jinping has called for all-out efforts in strengthening the construction of a modern infrastructure system in China.
The Boao Forum for Asia 2022 was held in Hainan province. Chinese President Xi Jinping called for making Asia an anchor for world peace and a powerhouse for global growth. What can Asia do to kick start the world economic recovery?
China is taking further steps in unifying its domestic market. Why is a unified national market important to China?
Annual inflation in the Eurozone in March hit a record high of 7.5%, up from 5.9% in the previous month. What are the main contributors for the high inflation? Which countries will be hit the hardest? Will the ECB raise interest rate to hedge against the risk?
Chinese telecom giant Huawei has reported record profits for 2021, despite dealing with challenging U.S. sanctions. How did the company accomplish this? Why is the U.S. failing to stop Huawei in the push to dominate 5G technology?
It has been more than a month since the start of the Russia-Ukraine conflict, and the knock-on effects have spread to the rest of the world. What are the broader economic impacts of the ongoing Ukraine crisis?
The U.S. Federal Reserve has raised its benchmark interest rate for the first time since 2018. What are the global ramifications of this move? How will it impact emerging market economies?
The U.S. and U.K. are banning Russian oil imports, and the E.U. plans to end its reliance on Russian gas. After they announced their decisions, Brent Crude futures fell 13%, the biggest one-day percentage declined since April 2020. What is causing this turbulence? What’s the outlook for the global economy?
The United States, European Union, and other Western allies have agreed to exclude key Russian banks from SWIFT, the world's leading international payments network. The move is among the sanctions for Moscow's military operations in Ukraine. The European Union said it banned seven Russian banks from the SWIFT system but stopped short of excluding those handling energy payments. So what's the significance of this move? Will sanctions also squeeze the global economy?
Russia's military operation against Ukraine has ripped through financial markets around the world, and sent oil prices soaring over $100 a barrel. European natural gas prices jumped higher on disruption worries. Nearly 40 percent of the European Union's natural gas and 26 percent of its crude oil comes from Russia. Meanwhile, stock markets across the world were volatile. For more on the global markets and how they're reacting to Russia's action in Ukraine, our host Zhao Yang spoke with Winston Wang, an investor and former diplomat, and Einar Tangen, an independent political and economic affairs commentator.
China's consumer price index, a main gauge of inflation, rose by 0.9 percent year-on-year in January, down from the 1.5-percent increase a month earlier. The National Bureau of Statistics said the January CPI is generally stable as departments worked to secure supply during Spring Festival. Meanwhile, China's official producer price index, or PPI, rose by 9.1 percent year-on-year in January, easing from a 10.3-percent rise in December. What do these rates tell us about China’s economy?
Americans are struggling with the highest inflation rate in four decades. The cost of living was up 7.5% in January from a year earlier. Experts say the increase is due to a number of factors, including supply chain disruptions, Federal aid, and historically low interest rates. How did the U.S. market react to the inflation numbers?
America's national debt has reached an all-time high of over $30 trillion earlier this week. That has triggered concerns about the country's future economic health. Could the higher debt levels trigger a fiscal crisis and lead to higher inflation? And what does it mean for the U.S. economy? Host Zhao Yang spoke to Einar Tangen, an independent Commentator, and Winston Wang, an investor and former diplomat.
China's official digital yuan wallet applications have already been available for download on mobile phone app stores. This is a step forward in the country's development of its digital currency as the Beijing Winter Olympics approaches. It is also a good example that reflects China’s development in digital economy these years. What is the digital currency? How does it work? What is driving the digital economy?
China has unveiled a five-year plan for smart manufacturing, vowing that large manufacturers will achieve digitalization by 2025. The country’s move aims to bolster competitiveness amid the global race in advanced manufacturing. So, how advanced is China’s intelligent manufacturing? What is its global position?
Official data shows that China’s consumer inflation rose 1.5 percent year on year in December, down from the 2.3-percent pace in November.
The CPI last year climbed 0.9 percent, well below the country's annual target of around 3 percent.
In other parts of the world, U.S. Inflation hit a fresh 39-year high in December. Eurozone inflation also soared in December to its highest annual rate since records began.
So, how do different countries deal with their inflation issues? Are we seeing a significant divergence between monetary policies in the world's bigger economies?
The world's largest free trade agreement officially came into force on the first day of the year. How will RCEP reshape the global economy? What will be its implications for China? Also, China Mobile debuted on the Shanghai Stock Exchange this week. How did the market respond?
In 2021, we have witnessed the world economy waking up from the pandemic effect, but where will it go in 2022?
Federal Reserve policy stance is quite critical to what's going to happen in emerging markets. What are challenges for emerging economies in 2022?
Central banks around the world have expressed concern that high living costs amid the pandemic pose a threat to stability and confidence. The Bank of England has raised its interest rate for the first time in three years. Meanwhile, The European Bank said it'll kept its main rate unchanged, and end its pandemic-era bond purchasing program in March.
Top Chinese officials have laid out their priorities for the coming new year at an economic conference here in Beijing. For 2022, China looks to keep developing the economy at a steady pace.
Central authorities in China say economic work next year should prioritize stability while pursuing progress, and changes of macro policy should be prudent and effective.
Why have U.S. regulators filed a lawsuit to block the merger of Nvidia with Arm? We spoke with Winston Wang, an investor and Einar Tangen, author and columnist.
The Organization for Economic Cooperation and Development, or OECD, has lowered the world's economic growth outlook for 2021 and called for the ramping up of COVID-19 vaccinations.
Federal Reserve Chair Jerome Powell said that U.S. central bankers will discuss whether to end their bond purchases a few months earlier than anticipated.
Experts say soon-to-open China-Laos Railway will boost economic ties between China and Southeast Asia as an important part of the trans-Asian railway network.
Oil prices and global stock markets fell amid concerns that the new Omicron Covid-19 variant could dampen economic growth and hit fuel demand. Regarding how the new variant could possibly affect global markets and the global recovery, I spoke with Wang Dan, chief economist of Hang Seng Bank China, and Einar Tangen, author and columnist.
China and Africa have experienced booming trade and investment, with Chinese aid to the continent increasing in a variety of fields that impact people's lives, according to a white paper detailing China-Africa cooperation in the new era released on Friday.
The world is divided in many ways, but most countries agree on one thing: Big Tech is now too big, and too powerful.
Italy's antitrust authority has fined U.S. tech giants Amazon and Apple a total of more than 200 million euros for alleged anti-competitive cooperation in the sales of Apple and Beats products.
U.S. President Joe Biden announced that he has ordered the release of 50 million barrels of oil from the U.S. strategic reserves, according to the White House.
Both China and the U.S. have seen increasingly hot markets for electric cars that could shape the global market.
South Korea's SK Hynix said it takes a long time before the company can upgrade its facility in China, but the company will follow market demand and international regulations in operating facilities after media report saying it could become a potential victim of a US-China tech war.
US retail sales increased 1.7% for October, compared with 0.8% in the previous month. Meanwhile, according to the US Commerce Department, US inflation hit 31-year high in October, as consumer prices jump 6.2%. This is running "well above" the Fed's 2% goal.
Official figures show that China's industrial output and retail sales rebounded in October despite COVID-19 curbs and supply shortages.
The Beijing Stock Exchange has officially opened for trading. It sets to be a major platform for innovative small and medium-sized enterprises.
China will treat all types of market entities equally and build a "unified and open market system with orderly competition," said Chinese President Xi Jinping in his address at the Asia-Pacific Economic Cooperation (APEC) CEO Summit via video link on Thursday.
China's factory-gate inflation hit a 26-year high in October, while consumer prices rose slightly amid public concerns over food shortages. Data from the National Bureau of Statistics shows that CPI rose by 1.5% year on year in October. While the country's PPI rose by 13.5% in the same month, hitting the highest level since July 1995. So what does this mean for the economy?
Tesla shares fell about 7% in pre-market trading on Monday, after an online poll voted for Elon Musk to sell about 10% of his Tesla shares.
A new report shows that the banking sector has poured trillions of U.S. dollars into the fossil fuel industry since the 2015 Paris climate agreement. What is the role of banks on climate change?
China's massive trade fair is expecting companies from more than 120 countries and regions to head to Shanghai, revealing its expanding appetite for imports. China International Import Expo, or CIIE, will be held from November 5th to 10th, and feature close to 3,000 companies selling food, cars and technical equipment.
Facebook CEO Mark Zuckerberg has announced that Facebook will be changing its name to Meta, to reflect its focus on building the metaverse.
The World Trade Organization has recently upgraded its forecast for global merchandise trade to a 10.8% rise this year.
The People's Bank of China and the Bank of Japan agreed to renew their bilateral currency-swap deal signed in 2018 to ensure financial stability.
U.S. electric car maker Tesla says it has built a research and data center in Shanghai, its first outside the U.S. Meanwhile, Tesla surpassed a market value of $1 trillion on Monday, making it the fifth such firm to reach the milestone.
Eight of the 23 provincial level economies that have released quarterly GDP report faster growth than the country achieved as a whole.
China's property market has continued to ease in September amid strict government regulations to curb housing speculation.
Chinese President Xi Jinping has called for efforts to ensure the sound development of the digital economy, at a time when the country is pushing for indigenous innovation.
Among many problems in American society today, the expanding wealth gap is particularly prominent.
China's economic growth expanded 9.8% to 82 trillion yuan, or about 13 trillion US dollars in the first three quarters of this year. In the third quarter, the country's GDP grew 4.9% year on year, compared with the 7.9% growth in the second quarter.
China's consumer price index rose 0.7 percent year on year in September. Data from the National Bureau of Statistics also shows that the producer price index, or PPI, went up 10.7 percent from a year ago.
The International Monetary Fund has cut its global economic forecast due to supply chain disruptions and the Covid-19 pandemic. The IMF says in its latest World Economic Outlook that it expects the global GDP to grow by 5.9 percent this year, 0.1 percentage point lower than its July prediction.
China will fully liberalize pricing for electricity generated from coal, in an effort to ensure sufficient power supplies amid the recent power shortages, the country's top economic planner said on Tuesday.
Oil prices surged again on Monday. Natural gas prices have surged by 400% in Europe this year. Why has the global energy prices gone wild? How much will these price moves spur inflation more broadly?
U.S. Trade Representative Katherine Tai says she intends to have frank conversations with her counterpart in China, and discuss progress made under the phase one trade agreement.
China's official Purchasing Managers' Index (PMI), a key gauge of manufacturing activities, slipped to 49.6 in September due to high raw material prices and demand slowdown. A reading above 50 indicates expansion in activities, while a reading below that mark reflects contraction. Why did China's factory activity shrink in September?
Official data shows that China's major industrial firms saw combined profit growth of 49.5% year on year in the first eight months.
A China-Europe freight train departed for the first time from Shanghai for Hamburg, Germany.
A recent survey released by the American Chamber of Commerce in Shanghai shows that most U.S. companies operating in China are confident about their business prospects in the country despite the COVID-19 pandemic and stagnant bilateral relations.
U.S. stocks finished higher on Wednesday, even as the Federal Reserve indicated it may begin tapering asset purchases soon.
Democrats in the U.S. House of Representatives passed a bill on Tuesday intended to fund the federal government through Dec. 3.
① China officially applies to join the CPTPP. ② Universal Beijing Resort opens amid surging demand for tickets.
China will officially launch its Southbound Bond Connect on September 24. The connection will enable Chinese mainland institutional investors to invest in the Hong Kong bond market.
Huawei says more than 100 million users have upgraded their smartphone operating system to its self-developed HarmonyOS 2.0.
China says it will speed up efforts to find alternative solutions to the global chip shortage in the auto sector.
What is happening in the economic and trade relations between the world’s two largest economies? How should China and the US deal with it?
Official data shows that China's producer price index, or PPI rose by 9.5 percent in August from a year earlier, because of the rising prices of coal, chemicals, and steel products.
China and Indonesia have jointly announced the official launch of a currency settlement cooperation framework starting from this week.
Chinese Vice Premier Liu He has vowed that China will keep supporting the private sector in creating jobs, economic growth and innovation.
The price limits of China's new stock exchange will be set to 30 percent, with no limit on the first day of listing, said an official from China's securities regulator. The country announced it will set up a new stock exchange in Beijing and build it into a major base for innovative small and medium-sized enterprises.
According to the Ministry of Industry and Information Technology, China has built close to a million 5G base stations --- more than 70 percent of the world's total.
South Korea has become the first major economy to impose curbs on Google and Apple's policies that force developers to only use their payment systems.
The purchasing managers' index for China's manufacturing sector came in at 50.1 in August, but still remaining in the expansion zone.
China and the U.S. have been maintaining normal communications in areas of economy and trade, said Gao Feng, spokesperson for China's Ministry of Commerce.
Chinese smartphone maker Xiaomi saw a surge in its net income to 6.3 billion yuan in the second quarter of the year, up 87.4% year-on-year.
Since 2012, 1.2 million kilometers of roads have been built or upgraded in poorer areas, covering some 70,000 villages, according to the Ministry of Transport.
The International Monetary Fund said its new allocation of Special Drawing Rights equivalent to 650 billion U.S. dollars has come into effect.
The China Securities Regulatory Commission says the country will roll out a raft of policy measures to further open-up its capital market, while coordinating development and security.
Shanghai has announced plans to build world-class industrial clusters for integrated circuits, biomedicine, artificial intelligence, and new-energy vehicles. The projects are earmarked for the Lingang Special Area in Pudong.
Chinese President Xi Jinping has stressed efforts to promote common prosperity in the pursuit of high-quality development.
Official figures show that China's job market remained generally stable in July, adding more than eight million new jobs in the first seven months of the year.
China's economy continued to recover in July, but the growth for industrial output and retail sales slowed.
China's central bank said it will maintain the stability of its monetary policy and make it more forward-looking and effective.
The number of Fortune Global 500 companies with headquarters in the Greater Bay area in southern China has surpassed the New York Bay Area for the first time. What are the unique qualities of the Greater Bay Area compared with the other three in the world?
China's factory gate inflation rose faster than expected in July due to oil and coal price hikes.
A recent Financial Times report says exchange traded funds investing in green energy have dominated the list of the best-performing ETFs in China in the first half of this year.
A white paper shows that China's digital economy was worth nearly 5.4 trillion U.S. dollars in 2020, up 9.6 percent year-on-year.
A total of 143 Chinese companies were ranked as Fortune Global 500 enterprises this year, placing China top for a second consecutive year.
Leaders of the Communist Party of China have met to analyze the economic situation and make plans for the second half of the year.
Foreign companies in China, including Apple, Starbucks, and Tesla, have reported robust revenue growth this year. Why is it?
The International Monetary Fund projects that China's economy will grow 8.1% this year and 5.7% next year.
The internationalization of the Chinese yuan accelerated in 2020 despite the ravaging COVID-19 pandemic.
China saw 23,000 foreign-funded enterprises newly established in the country during the first half of 2021.
Global venture capital investments have been at record levels in the first half of this year.
China will further release its state reserves of copper, aluminum, and zinc to continue to ensure stable prices of commodities, and ease the cost pressure on firms. For more on this, we spoke with Wang Dan, chief economist of Hang Seng Bank China and Einar Tangen, author and columnist.
China's national carbon market has started online trading today. How is China going to use market tools to incentivize de-carbonization? For more on this, we spoke with Zhang Lei, CEO of Envision Group, a world leading green tech company.
China's gross domestic product expanded 12.7 percent year on year in the first half of this year. What's the trend for the rest of the year?
Official data shows U.S. inflation spiked again in June, jumping 5.4 percent over the past 12 months for its biggest gain since August 2008. What does it reflect for the US economy, and will the inflationary pressure be temporary or not?
China's exports in dollar terms grew by 32.2% in June from a year earlier. In the first half of this year, the country's foreign trade grew by more than 27% year on year. For more on this is, we spoke with Wang Dan, chief economist of Hang Seng Bank China.
China's central bank said it will cut the reserve requirement ratios by 0.5 percentage points from Thursday. For more on this, we spoke with Charles Liu, co-founder and former Chairman of Hao Capital and Einar Tangen, author and columnist.
World Artificial Intelligence Conference 2021 takes place in Shanghai. For more on this, we spoke with Andy Mok, senior research fellow at Center for China and Globalization.
The Chinese premier says that stability in China-UK ties is needed to safeguard free and fair trade and boost global economic recovery. For more on this, we spoke to Dr. Yao Shujie, Chueng Kong professor of economics at Chongqing University.
It's been two years since the first batch of firms started trading on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market. Nearly 60 percent of firms listed on the STAR market say they expect to have made profits over the first half of this year. For more on this is, we spoke with Andy Mok, senior research fellow at the Center for China and Globalization.
Recent analysis from the China Passenger Car Association shows that China led the global sales of new-energy vehicle in the first five months of this year, accounting for 47% of the market share worldwide. For more on this, we spoke with Wang Dan, chief economist of Hang Seng Bank China and Einar Tangen, author and columnist.
Chinese domestic brands have been gaining national recognition for years. The recent "618" e-commerce festival further reinforced their footing in the Chinese market.
The World Bank has forecast that the Chinese economy will grow by 8.5 percent in 2021, thanks to pent-up demand and strong exports. For more on this, we spoke to Wang Dan, chief economist of Hang Seng Bank (China).
Official data shows that China's industrial profits soared by 83.4% year-on-year during the January-May period to about 3.4 trillion yuan. This is mainly due to the stable recovery of demand. For more on this and China's economy, we spoke with Charles Liu, Co-founder and former Chairman of Hao capital and Einar Tangen, author and columnist.
Official data shows that profit growth at China's state-owned enterprises stayed at an elevated level as the country's economy continues to recover. The Ministry of Finance says combined profits of SOEs surged 170 percent year-on-year to 1.8 trillion yuan in the first five months of this year. For more on this, we spoke with Wang Dan, chief economist of Hang Seng Bank China.
A recent report by Horizon Advisory says China is poised to win the global revolution in electric vehicles. The report highlights the fact that China leads across the value chain from critical mineral inputs and battery production to vehicle manufacturing and even EV brands. It noted that China has developed its advantages in the global supply of critical mineral inputs, such as graphite and lithium, which are used for making EV batteries. The country also has an advantage in market demand. For more on this, we spoke with Charles Liu, co-founder and former chairman of Hao Capital.