China’s urban residents have significantly increased their tourism spending in the first half of the year, reaching a total of 1.98 trillion yuan ($280 billion), according to official data. This growth in tourism can be seen as a positive sign for the country’s economic recovery. However, China’s second-quarter gross domestic product (GDP) growth fell short …
According to a recent Reuters poll, it is expected that the dollar value of China’s exports will decline by 9.5% in June compared to the same period last year. This decline follows a 7.5% annual decrease in May. The trade data released on Thursday indicates that China’s exports have contracted at the fastest pace since …
In a meeting at the Great Hall of the People in Beijing on July 7, 2023, Chinese Premier Li Qiang warmly greeted US Treasury Secretary Janet Yellen with a handshake. Image: Mark Schiefelbein | AFP | Getty Images BEIJING — Treasury Secretary Janet Yellen, in her prepared remarks for a meeting with Chinese Premier Li …
U.S. Treasury Secretary Janet Yellen expressed her concerns about China’s recently announced export controls. These controls, set to take effect on August 1st, require companies in China to apply for licenses if they want to export two metals used in semiconductor manufacturing. “I am also concerned about new export controls recently announced by China on …
U.S. Treasury Secretary Janet Yellen embarked on a diplomatic mission to Beijing on July 7th with the goal of establishing a harmonious economic relationship between the world’s two largest economies. The visit of Secretary Yellen signifies a warming of relations between the United States and China, following Secretary of State Antony Blinken’s visit to Beijing …
The U.S. Secretary of the Treasury, Janet Yellen, is scheduled to visit Beijing this week for meetings with senior Chinese officials. The purpose of her trip is to discuss various macroeconomic and financial topics, as well as to foster responsible communication and collaboration between the U.S. and China in addressing global challenges. The Biden administration …
Official data released on June 30, 2023, reveals that factory activity in China contracted for the third consecutive month. This comes amid concerns over the country’s weak economic performance in April and May, with calls for additional measures to stimulate the world’s second-largest economy. Image source: Future Publishing | Getty Images In June, China’s factory …
Chinese Premier Li Qiang attended a meeting with the Director-General of the World Trade Organization before the World Economic Forum New Champions meeting in Tianjin, China on June 26, 2023 (source: Pool | Getty Images News | Getty Images). In Beijing, Premier Li Qiang stated on Tuesday that China remains on track to achieve its …
The logo of the Alibaba office building is seen in downtown Huangpu District in Shanghai, China, June 16, 2023. Costfoto | Nurphoto | Getty Images Alibaba Group has made a surprising announcement today regarding the appointment of Eddie Wu as its new chief executive, succeeding Daniel Zhang. This decision follows Alibaba’s previous announcement in March …
US Secretary of State Antony Blinken (L) attends a meeting with China’s President Xi Jinping at the Great Hall of the People in Beijing on June 19, 2023. Leah Millis | Afp | Getty Images U.S. Secretary of State Antony Blinken concluded his visit to Beijing with an unexpected meeting with Chinese President Xi Jinping, …