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The one-year LPR was kept at 3.45 percent, while the five-year LPR was maintained at 3.95 percent The first of two construction phases is expected to be completed by 2029 China's retail sales grew 3.7 percent in May, up from 2.3 percent in April The country's trade deficit narrowed to $7.7 billion, down nearly 12 percent from a year earlier The central bank decided to outline its plan to reduce buying for the next 1-2 years in its July meeting Last month, the country's exports of hydrogen-powered FCEVs dropped to zero The contribution is aimed at supporting the implementation of the UN's 2030 Agenda for Sustainable Development Foreign tourist arrivals in Korea reached 89 percent of pre-pandemic levels Nominal GDP increased at an annualized rate of 0.1 percent, slower than the previously reported 0.4 percent In April alone, consumption rose by 11.8 percent compared with the same period last year to total 35.46 billion cubic meters The COP29 Presidency has made significant progress and will be ready to deliver a world-class event, said COP29 President-Designate China’s crude oil imports saw little change from January to May 2024 Spring wage negotiations prompt major companies to award highest salary hikes in 30 years The country's growth rate for 2024 has been revised up to 2.7 percent by research firm This reflects the continued recovery of the Asia and Pacific (APAC) region from the impacts of the COVID-19 pandemic Firms saw an increase in new international business, especially in tourism, which supported employment in May China's rate of employment growth expanded at the fastest pace since September 2023 in May Probe made technological breakthroughs, including the lunar retrograde orbit design and control technology In 2019, Chinese tourists spent $248 billion abroad, accounting for 14 percent of global tourism spending The solar plant will generate about 6.09 billion kilowatt hours of electricity each year The central bank's $138 billion support in May helped prop up the real estate sector This is primarily driven by the near price parity between battery-electric vehicles (BEVs) and internal combustion engine (ICE) vehicles in the country This amount exceeds the nearly 9.2 trillion yen Japan spent on yen-buying, dollar-selling operations in late 2022 Imports declined 2 percent year-on-year to $53.1 billion, resulting in a trade surplus of $4.96 billion
