China’s leading advertising enterprises and public institutions reported strong revenue growth in the first three quarters of 2024, with total revenues reaching 1.13 trillion yuan ($156.97 billion), a 6.1 percent increase from the same period last year, according to the State Administration for Market Regulation. The growth was particularly notable in internet advertising, which surged […]
China is aiming to foster the growth of a trillion-yuan ($138 billion) market for the low-altitude economy by 2030, with a focus on expanding business opportunities for companies involved in the sector. This ambitious plan includes the creation of over 20 replicable low-altitude economy application demonstrations by 2027, as outlined in a new guideline released […]
At the 2024 World Internet Conference Wuzhen Summit in Zhejiang province, the latest internet development reports highlighted China’s significant progress in the digital sector, solidifying its position as a global leader. According to the World Internet Development Report, China ranks second globally in internet development with a score of 69, just behind the United States. […]
A new integrated refining and petrochemical complex in Fujian, China’s largest industrial investment in the province to date, marks a significant milestone in the growing energy collaboration between China and Saudi Arabia. The second phase of the Fujian Gulei project, a joint venture between China Petroleum & Chemical Corp (Sinopec), Saudi Aramco, and Fujian Petrochemical […]
China is intensifying efforts to drive large-scale equipment upgrades and trade-in deals for consumer goods, with plans to enhance supervision of funding and clamp down on deceptive market practices. This initiative aims to stimulate consumer spending and support economic recovery, according to Li Chao, a spokeswoman for the National Development and Reform Commission (NDRC), speaking […]
China’s economy is poised to maintain its recovery momentum through the remainder of 2024, with the National Development and Reform Commission (NDRC) expressing confidence in the country’s policy toolkit to support sustained growth. The NDRC, China’s top economic planner, stated on Tuesday that the government’s strategic measures are helping the country stay on track to […]
China is accelerating its capital market opening-up efforts with a renewed focus on deepening connectivity programs between the Chinese mainland and Hong Kong. The goal is to inject greater vitality into the markets and support the country’s high-quality economic growth, according to officials and industry experts. New Round of Reforms for Deeper Integration During a […]
The Carol & Prince Arheghan Foundation, in partnership with the Bank of Industry, is proud to announce the upcoming Business Summit ’24, themed “Building a Sustainable Business Model in a Challenging Economy.” This transformative event is scheduled to take place on November 30th, 2024, at the Emmunah Conference Center, 53 Oguntade Road, off Shasha Road, […]
As China continues its economic rebound and focuses on innovation, the country is emerging as a key market for advanced manufacturing technologies, offering vast opportunities for global players like KraussMaffei, a leading provider of plastics and automation solutions. The company’s strong growth prospects in China are driven by the country’s expanding automotive, medical, and electronics […]
During the 29th Asian EXIM Banks Forum annual meeting held in Shanghai on Wednesday, officials and industry experts called for a more prominent role for Export-Import (EXIM) banks in driving economic growth across Asia, particularly amid the complex challenges of global market uncertainties and the region’s green transition efforts. The meeting, attended by top executives […]
