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News News
2021 - 04 - 12
China has taken the lead in ratifying the Regional Comprehensive Economic Partnership (RCEP) agreement, the Chinese Ministry of Commerce said Monday.Thailand also officially ratified the agreement. The group's 15 members all stated that they will ratify the RCEP deal before the end of this year and bring the trade pact into effect on January 1, 2022.Bringing RCEP into effect entails gaining approval from at least nine out of the 15 member states. The quorum must include six ASEAN member states and at least three of the following countries: China, Japan, South Korea, Australia and New Zeala...
2021 - 04 - 09
Fitch Ratings, a global credit ratings agency, raised its forecast on China's GDP growth to 8 percent for 2021 from its previous 7.7 percent forecast in September, according to a Dec 10 report from CNBC.The agency's new forecast was based on increased domestic demand and expectations for COVID-19 vaccine deployment in China, said the report.'This would be well above our estimate of China's long-term growth potential of around 5.5 percent, but is quite achievable from such a low base in 2020,' Fitch analysts Brian Coulton and Pawel Borowski wrote in the report.Data shows Chi...
2021 - 04 - 06
China's factory activity expanded at a faster pace in March as factories ramped up production after the Spring Festival holiday, while upbeat export orders provided a further boost.The purchasing managers' index (PMI) for China's manufacturing sector came in at 51.9 in March, up from 50.6 in February, the National Bureau of Statistics (NBS) said on Wednesday.The data beat an estimate of 51.2, the median forecast of 30 economists polled by Reuters. A reading above 50 indicates expansion in activity, while a reading below reflects contraction.The import index edged up to a multi-year...
2021 - 04 - 01
SteelHome Macroeconomic InfoDomestic Macro NewsGuangdong Ranks 13th in World by GDP//en.steelhome.cn [SteelHome] 2021-02-02 11:42:06Guangdong has ranked 13th in the world by GDP if taken as an economic body, a position which surpasses that of Australia, the Securities Times said in its provincial GDP ranking for 2020 on Monday.With a breakthrough over the 11 trillion yuan ($1.71 trillion) threshold, Guangdong has retained its place as the top province with the highest GDP in China for 32 years in a row.Heavily impacted by the COVID-19 pandemic last year, China's No 1 province for...
2021 - 03 - 29
Top diplomats of China and the U.S. last Friday concluded the high-level strategic dialogue in Anchorage, Alaska, with both sides calling the talks candid and constructive.Will the U.S. be a responsible stakeholder in global affairs? Will the U.S. come back with sustained commitment and contributions to multilateral cooperation? Will the U.S. be ready and willing to respect other countries' interests and listen to their voice? Those are big question marks in the minds of the global community.The international community observed the talks closely as China-U.S. relations have encountered unp...
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