The unemployment rate in Hong Kong has risen to 6.4 percent, the highest in nearly 16 years, the Census and Statistics Department of the Hong Kong Special Administrative Region (HKSAR) government said Tuesday.
China's success in controlling COVID-19 means the economy is in a steady revival mode. The following facts and figures indicate how the country is forging ahead in resuming work and production:
The largest multipurpose "ro-ro" (roll-on/roll-off) ship in Asia was launched at a ceremony in east China's Shandong Province Monday.
Entrepreneurs from Malaysia and China were urged on Tuesday to strengthen cooperation and to tap into the opportunities in the post-COVID-19 economic recovery and the continued opening up of China.
China's total rice growing area will remain above 30 million hectares, while annual production will be maintained above 200 million metric tons, said Han Changfu, minister of agriculture and rural affairs.
In the first three quarters, China's GDP expanded 0.7 percent year-on-year, returning to growth after a 1.6 percent contraction in the first half of the year and a 6.8 percent slump in Q1.
However, the newly launched pilot FTZ in the capital, which brings a series of preferential policies in certain industries and aims to optimize business environment, might invigorate the office market, experts said.The demands are likely to emerge from the technology, finance and medical sectors, which coincide with development of the FTZ, according to JLL.
"Last year, 60 percent of the investment influx to Hungary came from the east, and 40 percent of the jobs created were also tied to eastern investors," Szijjarto underlined.
China's third-quarter (Q3) economic growth has cheered up overseas professionals and observers, who believe that the country's growth is picking up steam and will inspire more confidence in the global economic recovery.
Consumption is gaining traction and injecting impetus into China's economic recovery, as the country's retail sales grew by 0.9 percent on a yearly basis in the third quarter, the first positive quarterly growth this year.
China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.85 percent on Tuesday, unchanged from the previous month.
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 80 pips to 6.6930 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.
Tucked in the remote central Ugandan district of Nakaseke, Liaoshen Industrial Park is helping to set pace for industrialization in the East African country using the park model.
Finnish economic analysts on Monday noted positively China's economic growth in the third quarter (Q3) of 2020.
Senior officials at the International Monetary Fund (IMF) on Monday called for strengthening international cooperation to improve cross-border payments as many central banks are exploring the issuance of digital currencies.
China's economy is likely to continue leading the global recovery and achieve a GDP growth close to the pre-COVID-19 level in the year's fourth quarter, after expanding by 4.9 percent in the third, experts said on Monday.
China's social financing volume reached 3.48 trillion yuan ($519.4 billion) in September, exceeding market expectations that had estimated it at 3 trillion yuan.
Southwest China's Sichuan Province reported a 22.7-percent increase in the foreign trade of goods in the first nine months of 2020, according to customs data released on Monday.
China will ban the production of mercury thermometers and sphygmomanometers nationwide starting in 2026, according to a recent statement issued by National Medical Products Administration.
The 2020 World Conference on VR (virtual reality) Industry kicked off Monday in Nanchang, capital of East China's Jiangxi province.
Beijing's digital economy accounted for more than half the city's GDP last year, the highest ratio in China, officials announced at a recent news conference.
Alibaba Group Holding Ltd said on Monday it will invest $3.6 billion to gain a controlling stake in hypermarket operator Sun Art Retail Group Ltd, upping the ante in China's fierce retail market.
China's surveyed unemployment rate in urban areas stood at 5.4 percent in September, 0.2 percentage points lower than that of August, data from the National Bureau of Statistics (NBS) showed Monday.
China's economic recovery picked up steam in the third quarter as activities normalized amid effective control of the novel coronavirus and the government's sweeping efforts to stimulate demand and consumption, official data showed Monday.
China's per capita disposable income stood at 23,781 yuan (about 3,549 U.S. dollars) in the first three quarters of the year, up 3.9 percent from the same period last year in nominal terms, official data showed Monday.
The nation's job market has remained stable with its unemployment rate continuing to fall in past few months, said a senior official of the National Bureau of Statistics at a conference organized by the State Council Information Office on Monday.
China's major economic indicators returned to the positive territory in the third quarter of this year, data from the National Bureau of Statistics (NBS) showed Monday.
China's retail sales of consumer goods climbed 3.3 percent year on year in September, the National Bureau of Statistics said Monday.
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 322 pips to 6.7010 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.
China's gross domestic product (GDP) expanded 4.9 percent year on year in the third quarter of 2020, faster than the 3.2-percent growth in the second quarter, data from the National Bureau of Statistics showed Monday.