Skip to main content
Skip to footer
Weathercasters warn the intense heat is far from over and is expected to persist into August This week, the U.S. Federal Reserve, the Bank of Japan and the Bank of England are holding monetary policy meetings National gold consumption in China declined 5.61 percent annually to 523.75 metric tons A breakdown of the data showed that the central government collected around 5 trillion yuan in fiscal revenue With the addition of PetroChina, the charter's signatories now represent more than 42 percent of global oil production One-year loan prime rate (LPR) declined to 3.35 percent, while the five-year LPR was reduced to 3.85 percent 14.64 million foreign nationals entered China through various ports during the first six months of the year The e-visa, or electronic visa, is the digital version of the traditional paper visa The IEA has forecast an oil demand growth of 970,000 barrels per day (bpd) in 2024 The manufacturing sector attracted 28.4 percent, or 117.1 billion yuan, of the total FDI inflow The assets of the banking sector reached 429.58 trillion yuan, up 8.1 percent YoY The one-year LPR was kept at 3.45 percent, while the five-year LPR was maintained at 3.95 percent 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 contribution is aimed at supporting the implementation of the UN's 2030 Agenda for Sustainable Development In April alone, consumption rose by 11.8 percent compared with the same period last year to total 35.46 billion cubic meters This reflects the continued recovery of the Asia and Pacific (APAC) region from the impacts of the COVID-19 pandemic 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 This is primarily driven by the near price parity between battery-electric vehicles (BEVs) and internal combustion engine (ICE) vehicles in the country China's economy saw robust 5.3 percent growth in Q1 driven by strong exports Shipments of foreign-branded phones in China increased by 52 percent in April 2024 to 3.495 million units Data from the National Bureau of Statistics reported that this growth rate was the same as that registered in the first quarter The magnitude of clean energy projects currently under construction in China surged to 512.05 GW during the quarter
