According to estimates from the data center of the Ministry of Culture and Tourism, there were 119 million domestic tourism trips across the country during the three-day Qingming Festival holiday, an increase of 11.5% over […]
The RMB’s share of global payments hit a record high in November, making it the fourth most widely used currency for the first time since early 2022, according to transaction data compiled by Swift, a […]
China’s exports are dropping in price. Unit prices for 70 % of major products such as steel and automobiles have fallen. In terms of the Chinese economy, domestic demand is sluggish and the tendency for […]
The OECD has revised downward the growth rate of the world economy for this year and next year, which is expected to be below 3% in both cases. According to the OECD analysis, high policy […]
In Europe and the United States, consumers appear to be seeking cheaper goods, and exports of goods from Chinese low-cost e-commerce firms such as Temu and Shein are on the rise. There has also been […]
China overtook the United States in 2010 with the largest number of the world’s top 50 tallest buildings. Supertall buildings, known as “skyscrapers”, are a mirror of the economy, their construction reflecting the economic momentum […]
The Chinese government released a message on November 7 indicating that China will strengthen the export management of rare earths. Exporters will be required to report on the types of rare earths and export destinations, […]
The bursting of the real estate bubble, depopulation and difficulties in finding jobs for young people. The same problems that Japan faced after the 1990s now seem to be hitting the once fast-growing Chinese economy […]
According to the news of the Chinese Embassy in Myanmar, on August 24, five suspects of telecommunication fraud were handed over by the Myanmar police to the Chinese police working group at Yangon International Airport […]
Recently, the RMB exchange rate has continued to weaken. The RMB exchange rate, which broke 7 in May, continued to fall below 7.1. On June 1, the onshore yuan closed at 7.1179 against the US dollar, the […]
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