20230421 China News
Source: | Author:eacham | Published time: 2023-04-21 | 699 Views | Share:



01

Overall property sales gained traction in the first quarter, with the residential segment ending a yearlong contraction, data from the National Bureau of Statistics showed. This, experts said on Wednesday, shows China's real estate industry, for long troubled by heavy debt, may be on course to stabilization and a broad recovery appears possible in the following months.

 

02

The 20th Shanghai International Automobile Industry Exhibition, also known as Auto Shanghai 2023, kicked off at the National Exhibition and Convention Center (Shanghai) on Tuesday. During this year's event, "smart+ low carbon" has become a bright spot, with many carmakers showcasing their intelligent equipment, intelligent chassis and operating system, as well as intelligent power system.

 

03

China has confidence and the ability to achieve steady and long-term economic growth, making a greater contribution to the global growth, Economic Daily reported on Thursday. International organizations have raised their expectations for China's economic growth, reflecting confidence in its development prospects amid strong momentum attracting global attention.

 

04

Hainan province's GDP reached 177.6 billion yuan ($26.3 billion) in the first quarter, with a year-on-year growth of 6.8 percent, officials said at a news conference in Haikou on Thursday.In the first quarter, Hainan accelerated a series of policies and measures to promote economic growth.

 

05

China's northernmost province of Heilongjiang saw its foreign trade in goods grow 29.6 percent year-on-year to 71.98 billion yuan ($10.4 billion) in the first quarter of 2023, according to local customs. Over the period, Heilongjiang's imports rose 26.6 percent year-on-year to 57.52 billion yuan, while its exports grew 43.3 percent to 14.46 billion yuan, data from Harbin Customs showed.

 

06

China's accelerating economic recovery has added to foreign investors' confidence in the world's second-largest economy, international business leaders and economists said. With the consumption and services sectors recording major recovery, the Chinese economy is expected to offer a glimmer of hope amid the gloomy world economic outlook, although it still faces pressure from insufficient external demand and challenges in sectors like property and private investment, they said.

 

07

China's steady recovery from COVID-19 and ongoing economic upgrades have provided clear growth opportunities for Sandpiper, boosting its confidence in expanding investment in the country, said the head of the Asia-Pacific-focused strategic communications and public affairs consultancy.


Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham





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