Good start to Chinese economy in 2023 poised to stimulate global growth

Encouraging indicators ranging from tourism and box office revenues to the purchasing managers' index at the onset of 2023 are bolstering forecasts of a faster-than-expected recovery of China's economy and global growth.

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  • China's foldable phone sales jump 144.4 pct in 2022

    China's foldable phone sales jump 144.4 pct in 2022

    Feb 04,2023

    Sales of foldable phones in the Chinese market surged 144.4 percent in 2022 over the previous year, standing out from overall phone sales, an industry report showed.

  • Attractiveness of RMB assets shows best vote of confidence

    Attractiveness of RMB assets shows best vote of confidence

    Feb 03,2023

    More than 130 billion yuan ($19.36 billion) flowed into the Chinese mainland's A-share market in January, far exceeding 90 billion yuan in the whole of 2022. Even during the Lunar New Year, when the mainland's capital market was closed, about $800 million of the $1.1 billion of daily net inflows into emerging markets still went to exchange traded funds linked to Chinese assets, according to the Institute of International Finance.

  • China's securities regulator sets capital market reform priorities for 2023

    China's securities regulator sets capital market reform priorities for 2023

    Feb 03,2023

    The China Securities Regulatory Commission (CSRC) has set its priorities for the reform and development of the country's capital market in 2023, according to a work conference on Thursday.

  • Good start to Chinese economy in 2023 poised to stimulate global growth

    Good start to Chinese economy in 2023 poised to stimulate global growth

    Feb 03,2023

    Encouraging indicators ranging from tourism and box office revenues to the purchasing managers' index at the onset of 2023 are bolstering forecasts of a faster-than-expected recovery of China's economy and global growth.

  • China can help cool soaring global inflation

    China can help cool soaring global inflation

    Feb 03,2023

    China, with its benign inflation rate, is capable of playing a pivotal role in helping cool soaring global inflation and will continue to ensure strong economic recovery and mild price fluctuations this year, analysts and executives said.

  • SOEs on rise after 3-year reforms

    SOEs on rise after 3-year reforms

    Feb 03,2023

    China's State-owned enterprises are expected to post higher revenues and build more pioneers in modern industrial chains this year as the country has completed all the major tasks of its three-year action plan for the reform of SOEs (2020-22), said market observers and business executives on Thursday.

  • China adds sites to Wetlands of International Importance list

    China adds sites to Wetlands of International Importance list

    Feb 03,2023

    Eighteen wetlands in China were designated in 2022 as Wetlands of International Importance under the Ramsar Convention on Wetlands, the National Forestry and Grassland Administration announced Thursday on the occasion of the 27th World Wetlands Day.

  • Certain COVID-19 experiments in Beijing prohibited

    Certain COVID-19 experiments in Beijing prohibited

    Feb 03,2023

    Conducting experiments related to COVID-19 in Beijing that go beyond an approved range is prohibited, and laboratories are required to set up special repositories to store virus strains or samples, according to a notice released by the city's Health Commission on Wednesday.

  • EU unveils plan for clean technology

    EU unveils plan for clean technology

    Feb 03,2023

    The European Commission has unveiled its Green Deal Industrial Plan to enhance its competitiveness in response to the $369 billion Inflation Reduction Act, or IRA, in the United States, but some European leaders say the plan comes too late and will have limited effect.

  • Hu Xinyu's death ruled suicide

    Hu Xinyu's death ruled suicide

    Feb 02,2023

    Hu Xinyu, the 15-year-old boy who went missing from a high school in Yanshan county, Jiangxi province last October, committed suicide, local police said on Thursday.

  • Harbin Engineering University's harboring of ultra-electromagnetic guns proven false

    Harbin Engineering University's harboring of ultra-electromagnetic guns proven false

    Feb 01,2023

    A proven falsified screenshot published the untrue news that the physics laboratory of Harbin Engineering University has been suspended due to the survey of some ultra-electromagnetic guns, according to a statement released on its official account on Sina Weibo on Tuesday night.

  • China rolls out new measures to promote time-honored brands

    China rolls out new measures to promote time-honored brands

    Feb 01,2023

    China has released new rules to promote the innovative development of the country's time-honored brands and boost the country's consumption, according to the Ministry of Commerce and four other government departments.

  • Turning ruins into recreation areas

    Turning ruins into recreation areas

    Feb 01,2023

    "I believe that the park's addition to the list will improve protection, leading to the possibility of applying to become a world cultural heritage site."  The creation of archaeological parks has drawn hordes of tourists.

  • Old Summer Palace archaeologists' efforts connecting with public

    Old Summer Palace archaeologists' efforts connecting with public

    Feb 01,2023

    Beijing's Yuanmingyuan Park is determined to play a positive role in the passing down of traditional culture and to meet the growing need for public cultural offerings.

  • Ice-snow tourism becoming new 'tradition' for Chinese New Year

    Ice-snow tourism becoming new 'tradition' for Chinese New Year

    Jan 25,2023

    Having spent the first day of the Spring Festival holiday at home, He Rui rushed to the ski resort early on the second day and was ready to start the Year of the Rabbit on his snowboard. This enthusiast has mastered the S-turn, and is working on his edging.

  • China's box office bounces back during Spring Festival holiday

    Jan 25,2023

    On Sunday, Chinese Lunar New Year, a young moviegoer named Lian Cheng watched multiple films at three cinemas near his home in Shanghai.

  • Domestic sci-fi hit leads China's advance holiday box office

    Domestic sci-fi hit leads China's advance holiday box office

    Jan 22,2023

    As of 12 a.m. Sunday, advance box office sales for China's Spring Festival holiday hit 901 million yuan (nearly 133 million U.S.The prequel to China's all-time highest-grossing sci-fi epic "The Wandering Earth" raked in 257 million yuan, accounting for about 28 percent of total bookings.

  • Movie box office ready to soar over holiday

    Movie box office ready to soar over holiday

    Jan 22,2023

    Recently, Deep Seawas nominated to be screened at the 73rd Berlin International FilmFestival's Generation Kplus, a competitive program that screens state-of-the-art international cinema.This is the first such price decline in seven years, said Chen Jin, an analyst with Beacon.

  • Giant pandas play in snow

    Giant pandas play in snow

    Jan 17,2023

    Giant pandas play in the snow-covered enclosure at the Chengdu Research Base of Giant Panda Breeding in southwest China's Sichuan Province, Jan. 17, 2023.

  • Giant panda Yaya well cared for, expert says

    Giant panda Yaya well cared for, expert says

    Jan 05,2023

    Giant panda Yaya has been well cared for since being lent to the Memphis Zoo in the United States in 2003, and no signs of neglect have been found, a Chinese expert said in response to panda lovers' concerns about her health.

  • Center nurturing 13 pandas born last year

    Center nurturing 13 pandas born last year

    Jan 03,2023

    Thirteen pandas were bred at the China Conservation and Research Center for the Giant Panda in Chengdu, Sichuan province, last year.

  • Giant pandas to return to China after two decades at Memphis Zoo

    Giant pandas to return to China after two decades at Memphis Zoo

    Dec 22,2022

    A pair of giant pandas will return to China after two decades at the Memphis Zoo in Memphis, the U.S. state of Tennessee, as the zoo's current giant panda loan agreement with the Chinese Association of Zoological Gardens is coming to an end.

  • Wild panda mother, cub captured on camera in southwest China

    Wild panda mother, cub captured on camera in southwest China

    Dec 05,2022

    Infrared cameras in a nature reserve in southwest China's Sichuan Province have captured footage of a wild giant panda mother and her cub, a rare scene for the normally solitary species.

  • Tuan Tuan's death mourned across Straits

    Tuan Tuan's death mourned across Straits

    Nov 21,2022

    The office of Ma Ying-jeou, former leader of the island of Taiwan from 2008 to 2016, issued a statement on Saturday, expressing condolences for the passing of Tuan Tuan, the giant panda gifted by the Chinese mainland to Taiwan, along with Yuan Yuan in 2008 that symbolized peace, unity, and amity.

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