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5 days ago · The province's target is in line with goals already set by Beijing and Shanghai. Shanghai mayor Gong Zheng said on Tuesday that the city is also targeting around 5 percent of GDP growth this year at the municipality's annual legislative session. The city's GDP stood at 4.72 trillion yuan in 2023, up by 5 percent year-on-year, Gong said.
4 days ago · It said China's economic growth in 2024 is expected to show a pattern of starting low and ending high. The GDP growth in the first quarter is projected to be around 5 percent. Growth is expected to stand at around 5.3 percent in the second quarter, 5.5 percent and 5.4 percent in the third and fourth quarters.
5 days ago · The gross domestic product (GDP) of Hainan province reached 647.52 billion yuan ($101.77 billion) in 2021, surging 11.2 percent from a year earlier, according to the Hainan Provincial Bureau of Statistics. The average growth rate in the last two years reached 7.3 percent, ranking first in China, said Liu Zigeng, head of the bureau.
3 days ago · Critics of the BRI project claim that the initiative is partly motivated by Xi’s desire to stimulate his economy and obtain strategic assets of recipient countries. For example, unable to repay China for a loan used to build a new port in Hambantota, Sri Lanka signed over to China a 99-year lease for its use -- a strategic base for China’s ...
5 days ago · Chinas GDP growth record is extraordinary; its education system is extraordinary (it graduates 1.4m engineers a year and over 20% of the worlds bachelor degrees); it is far ahead of all countries in patent applications; it has a vast and highly skilled workforce focussed on the most tech intensive industries; and suggestions that China will get old before it gets rich due to the ending of its ...
1 day ago · It is the world's second largest economy by nominal GDP, behind the United States, and the world's largest economy since 2016 when measured by purchasing power parity (PPP). [note 2] China accounted for 19% of the global economy in 2022 in PPP terms, [34] and around 18% in nominal terms in 2022.
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