Tag Archives: China

China will indeed find itself in the middle-income trap if its economic growth rate drops to only 3% COMMENT | NOURIEL ROUBINI | At this year’s China Development Forum (the highest-level annual meeting between senior Chinese policymakers and top CEOs, current and former policymakers, and academics like me), the discussion focused …

BEIJING | Xinhua |  A series of indicators have shown the Chinese economy accumulated a number of positive elements in the first quarter, kicking off a good start to this year despite pressures and challenges both at home and abroad. The country’s gross domestic product (GDP) recorded a year-on-year growth …

GENEVA | Xinhua |  Chinese economic recovery from the impact of the Covid-19 pandemic will be an important factor in driving world trade growth, said Ralph Ossa, chief economist of the World Trade Organization (WTO), in a recent interview with Xinhua. On Wednesday, the WTO published the 2024 edition of …

BEIJING | Xinhua | China remained the top merchandise exporter in 2023 for the seventh straight year with its share in world exports at 14.2 percent, almost the same as the level in 2022, the Ministry of Commerce said. The ministry made the remarks in response to the latest edition …

SHANGHAI | Xinhua | China’s economy is likely to keep expanding, and there is reason for strong confidence in its medium and long-term growth prospects, said Jose Vinals, chairman of Standard Chartered Group, in a recent interview with Xinhua. During his seventh visit to China in the last 13 months, …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni received a letter from the President of the People’s Republic of China, His Excellency Xi Jinping, who expressed unwavering support for the East African Crude Oil Pipeline Project (EACOP). Hand-delivered by Ambassador Xue Bing, the Special Envoy for the Horn of …

  BEIJING, China | Xinhua | A freight train loaded with containers of goods was departing from China’s northern city of Shijiazhuang to the European city of Belgrade, capital of Serbia, in late March. The train marks the launch of a new route of the China-Europe Railway Express, also the first …

KAMPALA, Uganda | Xinhua | Uganda has said the anti-malaria medicines worth 1.1 million U.S. dollars donated by China will greatly help curb the epidemic in the east African country. Health Minister Jane Ruth Aceng said the country last year experienced an upsurge in cases of malaria, which spread to more …

TAIPEI/BEIJING | Xinhua | The 7.3-magnitude quake in China’s Taiwan on Wednesday morning had left nine people dead and 1,011 people injured as of 10 p.m., according to the local emergency operation center. Meanwhile, more than 100 people were trapped following the earthquake that hit the sea area near Hualien …

Documentary products such as guarantees, letters of credit and supply chain finance are the “core solutions that the lender expect to see continued demand for” from Chinese corporates ANALYSIS | FELIX THOMPSON | Pan-African lender Absa Bank is anticipating a significant rise in trade finance revenues on goods flows linking China …