China’s official growth target for this year is around 5 per cent, Premier Li Qiang said Tuesday in an annual report on the government’s plans and performance that prioritized both security and the …
Monthly Archives For March 2024
China raises defense budget 7.2% as it pushes for global heft and regional tensions continue
China on Tuesday announced a 7.2% increase in its defense budget, which is already the world’s second-highest behind the United States at 1.6 trillion yuan ($222 billion), roughly mirroring the rise …
China Keeps Growth Target Unchanged at Around 5%, in Sign of Optimism
BEIJING—China announced an economic growth target of around 5% for the year, unchanged from the previous year, a goal that economists say will require more policy support as challenges mount.This year …
China coast guard says it took measures against Philippine vessels at Second Thomas Shoal
China’s coast guard said on Tuesday that it took control measures against Philippine vessels that illegally intruded into waters adjacent to the Second Thomas Shoal, which is a disputed atoll in the …
China sets modest GDP target as it faces regional tensions and an ageing population
Premier Li Qiang tells annual gathering that the global economy and problems closer to home are presenting hurdles for China’s post-Covid recovery …
China Plans $139 Billion Special Ultra-Long Debt for Economy
(Bloomberg) — China plans to issue 1 trillion yuan ($139 billion … local governments will be allowed to sell 3.9 trillion yuan of new special bonds, mainly used to finance infrastructure spending, …
China Defense Spending to Climb 7.2% as Xi Pursues Buildup
China’s defense spending will grow by 7.2% this year, the biggest in five years, an increase that comes amid signs corruption is undermining a military revamp.
Dollar a spectator to China news, yen ponders rate risks
The dollar held steady on the yuan on Tuesday as markets digested a welter of policy statements out of China, while a rebound in Tokyo inflation seemed to take Japan a step closer to the…
China’s services activity growth momentum softens in Feb, Caixin PMI shows
China’s services activity grew at a slower pace in February, with business confidence moderating for the second month and firms trimming staff numbers for the first time since November, a …
China’s economic growth target for 2024 is about 5%, on par with last year’s rate
China’s economic growth target for this year is around 5%, in line with last year’s performance despite forecasts for a slowdown …
China sets 5 percent growth target for 2024 amid economic headwinds
Beijing sets one of its lowest targets in decades amid property crisis, slowing exports and population decline.
China vows to ‘transform’ economic model, targets growth at around 5%
By Antoni Slodkowski, Andrew Hayley and Eduardo Baptista BEIJING (Reuters) -China will target economic growth of around 5% this year as it works to transform its development model, curb industrial …
China’s EV race drives surge in car-carrying ships
A record number of car carrier ships were ordered last year as Chinese carmakers accelerated deliveries of electric vehicles to the West. At least 80 of the specialist vessels were ordered in 2023, …
