Tag #Economic Growth

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elpais.com

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Apr 22, 16:17

Spain Defies Global Downturn: IMF Upgrades Growth Forecast

The IMF upgraded Spain's 2025 GDP growth forecast to 2.5%, defying global downward trends due to the US trade war, citing strong service exports, labor growth, and limited US trade exposure.

Spain Defies Global Downturn: IMF Upgrades Growth Forecast

The IMF upgraded Spain's 2025 GDP growth forecast to 2.5%, defying global downward trends due to the US trade war, citing strong service exports, labor growth, and limited US trade exposure.

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Decent Work and Economic Growth

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How did Spain's service sector and labor market contribute to its economic resilience amidst global uncertainty caused by the US trade war?

Spain's economic resilience stems from its limited direct and indirect trade exposure to the US, mitigating the negative impacts of the trade war and associated uncertainty. This contrasts sharply with other major economies experiencing significant downward revisions in growth projections. The strong performance of Spain's service sector also contributed to its relative success.

spanish.china.org.cn

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Apr 22, 10:15

China's Instant Tax Refund Boosts Inbound Tourism

China's new instant tax refund policy, implemented nationwide on April 8th, is boosting inbound tourism by allowing international travelers to receive tax refunds at the point of purchase, eliminating airport queues and driving increased spending; in 2024, China saw a record 64.88 million foreign to...

China's Instant Tax Refund Boosts Inbound Tourism

China's new instant tax refund policy, implemented nationwide on April 8th, is boosting inbound tourism by allowing international travelers to receive tax refunds at the point of purchase, eliminating airport queues and driving increased spending; in 2024, China saw a record 64.88 million foreign to...

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Sustainable Cities and Communities

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What is the immediate impact of China's new instant tax refund policy on international tourism?

China's new instant tax refund policy for international tourists is boosting inbound tourism. The policy, implemented nationwide on April 8th, allows tourists to receive refunds directly to their accounts at the point of purchase, eliminating airport queues. This is already resulting in increased spending by tourists, with anecdotal evidence from Beijing and Shanghai showing longer lines at refund counters and increased sales for participating businesses.

usa.chinadaily.com.cn

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Apr 22, 07:15

China's Q1 2024 GDP Growth Exceeds Expectations Amid US Tariff Pressures

China's economy expanded by 5.4 percent year-on-year in Q1 2024, exceeding expectations amid rising US tariffs, driven by policy stimulus, domestic demand growth, and technological innovation investments totaling nearly $206 billion.

China's Q1 2024 GDP Growth Exceeds Expectations Amid US Tariff Pressures

China's economy expanded by 5.4 percent year-on-year in Q1 2024, exceeding expectations amid rising US tariffs, driven by policy stimulus, domestic demand growth, and technological innovation investments totaling nearly $206 billion.

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Decent Work and Economic Growth

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How is China strategically addressing the US tariff threat and external uncertainties?

Despite facing increased US tariffs and external uncertainties, China is strategically shifting towards a consumption- and innovation-driven economy. This shift involves boosting domestic demand, deepening reforms, and accelerating industrial transformation, aligning with President Xi Jinping's economic priorities.

usa.chinadaily.com.cn

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Apr 21, 04:11

China Prioritizes Consumption-Led Growth in 2025 Economic Plan

China's 2025 economic plan prioritizes boosting domestic consumption through increased household income, social security expansion, and a 300 billion yuan consumer goods trade-in program, aiming to counter US tariffs and global uncertainty, with initial success seen in increased sales of new energy ...

China Prioritizes Consumption-Led Growth in 2025 Economic Plan

China's 2025 economic plan prioritizes boosting domestic consumption through increased household income, social security expansion, and a 300 billion yuan consumer goods trade-in program, aiming to counter US tariffs and global uncertainty, with initial success seen in increased sales of new energy ...

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No Poverty

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What are the primary goals and concrete measures of China's plan to boost domestic consumption in 2025?

China's 2025 economic plan prioritizes boosting domestic consumption to counter US tariffs and global uncertainties. This involves increasing household income, easing financial burdens (childcare, healthcare), and expanding social security. The 300 billion yuan consumer goods trade-in program, doubled this year, shows significant investment in this strategy.

elpais.com

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Apr 21, 07:12

Spain Better Positioned Than European Peers Amidst Trump's Tariffs

Spain's economy, growing at 3.2% in 2024, faces negative impacts from Trump's tariffs, but its strong relative position, diversified exports, and historical experience with economic liberalization offer resilience, with projected 2025 growth at 2.5% despite potential tariff effects.

Spain Better Positioned Than European Peers Amidst Trump's Tariffs

Spain's economy, growing at 3.2% in 2024, faces negative impacts from Trump's tariffs, but its strong relative position, diversified exports, and historical experience with economic liberalization offer resilience, with projected 2025 growth at 2.5% despite potential tariff effects.

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Decent Work and Economic Growth

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How does Spain's trade balance and export diversification influence its vulnerability to US protectionism?

Spain's resilience stems from lower export dependence on the US (7th out of 27) and a trade deficit, unlike its major European partners who hold surpluses. While a tariff impact could shrink exports to the US by over €4 billion, Spain's diversified export markets (74% within Europe) and historical experience with economic liberalization mitigate the risk.

europe.chinadaily.com.cn

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Apr 20, 04:10

Chinese Tricycles Boost Kenyan Rural Economies

In rural Kenya, Chinese-made Apsonic tricycles from Sincerity Holding Group are boosting local economies, with owners like Nixon Nzioka and Lucy Njoki earning $7.7 and $6.9 daily respectively, transporting goods and improving their livelihoods; the company employs 30 Kenyans.

Chinese Tricycles Boost Kenyan Rural Economies

In rural Kenya, Chinese-made Apsonic tricycles from Sincerity Holding Group are boosting local economies, with owners like Nixon Nzioka and Lucy Njoki earning $7.7 and $6.9 daily respectively, transporting goods and improving their livelihoods; the company employs 30 Kenyans.

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Decent Work and Economic Growth

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What is the economic impact of Sincerity Holding Group's Apsonic tricycles on rural Kenyan communities?

In Kitui, Kenya, Nixon Nzioka's Chinese-made tricycle from Sincerity Holding Group earns him $7.7 daily, exceeding his previous income. Lucy Njoki, another customer, earns $6.9 daily, using hers for farm produce and material transport, improving her family's finances. These Apsonic tricycles provide reliable transportation and income generation in rural Kenya.

zeit.de

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Apr 22, 16:17

IMF Slashes Global Growth Forecast Amidst Trump's Tariff Policies

The International Monetary Fund (IMF) lowered its global growth forecast to 2.8 percent for 2023, citing President Trump's tariffs as a key factor, and projects zero growth for Germany this year, significantly impacting the Eurozone and global economic stability.

IMF Slashes Global Growth Forecast Amidst Trump's Tariff Policies

The International Monetary Fund (IMF) lowered its global growth forecast to 2.8 percent for 2023, citing President Trump's tariffs as a key factor, and projects zero growth for Germany this year, significantly impacting the Eurozone and global economic stability.

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Decent Work and Economic Growth

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What is the IMF's revised global growth forecast and what are the primary factors driving this change?

The International Monetary Fund (IMF) slashed its global growth forecast to 2.8 percent, a 0.5 percentage point decrease from its January prediction, primarily due to President Trump's aggressive tariff policies. This downward revision significantly impacts Germany, where the IMF now projects zero growth in 2023, a 0.3 percentage point drop from the previous forecast.

usa.chinadaily.com.cn

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Apr 22, 07:15

China's Resilient Trade: A Stabilizing Force in a Turbulent Global Economy

In Q1 2025, China's total imports and exports reached $1.4 trillion (a 1.3% increase), with exports surging 6.9% despite a 6% import drop due to lower global commodity prices; private companies accounted for 56.8% of trade, while foreign-invested enterprises contributed nearly 29%.

China's Resilient Trade: A Stabilizing Force in a Turbulent Global Economy

In Q1 2025, China's total imports and exports reached $1.4 trillion (a 1.3% increase), with exports surging 6.9% despite a 6% import drop due to lower global commodity prices; private companies accounted for 56.8% of trade, while foreign-invested enterprises contributed nearly 29%.

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Decent Work and Economic Growth

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What is the immediate impact of China's robust first-quarter trade performance on the global economy?

China's total imports and exports reached $1.4 trillion in Q1 2025, a 1.3% year-on-year increase. Despite a 6% drop in imports due to lower global commodity prices, China's robust exports (up 6.9%) and steady demand for goods provided crucial support to global suppliers.

spanish.china.org.cn

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Apr 21, 10:09

China Bolsters Private Sector with New Economic Support Measures

Major Chinese cities are implementing measures to support private businesses, including equal public procurement treatment, increased financial support, and talent attraction initiatives; the measures aim to boost investor confidence and economic growth.

China Bolsters Private Sector with New Economic Support Measures

Major Chinese cities are implementing measures to support private businesses, including equal public procurement treatment, increased financial support, and talent attraction initiatives; the measures aim to boost investor confidence and economic growth.

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Decent Work and Economic Growth

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What immediate impact will these new measures have on private sector investment and job creation in China?

Major Chinese cities, including Shanghai, Beijing, and Shenzhen, are implementing supportive measures for private businesses, aiming to boost investor confidence and improve the business environment. These measures include equal treatment in public procurement, increased financial support, and initiatives to attract talent.

usa.chinadaily.com.cn

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Apr 21, 04:11

Malaysia Targets 7 Million Chinese Tourists Annually by 2026

Malaysia plans to attract 7 million Chinese tourists annually by 2026, capitalizing on a visa-free policy that resulted in 4 million Chinese tourist arrivals in its first year, a 190 percent increase, with an average spending of 5,000-6,000 yuan ($685-$820) per trip.

Malaysia Targets 7 Million Chinese Tourists Annually by 2026

Malaysia plans to attract 7 million Chinese tourists annually by 2026, capitalizing on a visa-free policy that resulted in 4 million Chinese tourist arrivals in its first year, a 190 percent increase, with an average spending of 5,000-6,000 yuan ($685-$820) per trip.

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How is Malaysia planning to capitalize on the increased influx of Chinese tourists beyond the visa-free policy?

The success of Malaysia's plan hinges on increased direct flights from various Chinese cities, enhanced marketing campaigns targeting Chinese online travel agencies, and the promotion of multi-destination tourism linking Malaysia with Singapore and Thailand. The average Chinese tourist spends 5,000-6,000 yuan ($685-$820) per trip, exceeding the average tourist spend, indicating a shift toward higher-value tourism.

dailymail.co.uk

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Apr 20, 01:10

Gold Rush 2.0: Soaring Prices Boost Pawnbrokers and Related Industries

Soaring gold prices above \$3,300 per ounce have fueled a \$15 billion investment surge in gold funds this year, prompting central banks to increase bullion reserves and boosting related industries like pawnbroking, where firms like H&T and Ramsdens are thriving due to increased demand for alternati...

Gold Rush 2.0: Soaring Prices Boost Pawnbrokers and Related Industries

Soaring gold prices above \$3,300 per ounce have fueled a \$15 billion investment surge in gold funds this year, prompting central banks to increase bullion reserves and boosting related industries like pawnbroking, where firms like H&T and Ramsdens are thriving due to increased demand for alternati...

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Reduced Inequality

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What are the immediate economic consequences of the recent surge in gold prices, and how does this impact global finance?

The soaring gold price, exceeding \$3,300 per ounce, has driven a \$15 billion investment in gold funds during the first quarter of 2025 and spurred central banks to amass bullion reserves. This surge is fueled by global uncertainty, mirroring the California Gold Rush where suppliers benefited greatly.

usa.chinadaily.com.cn

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Apr 20, 04:10

Chinese-made Tricycles Empower Kenyan Entrepreneurs

Chinese company Sincerity Holding Group's Apsonic tricycles are boosting the livelihoods of Kenyan entrepreneurs like Nixon Nzioka and Lucy Njoki, who earn $7.7 and $6.9 daily respectively providing transport services in rural areas, highlighting the impact of affordable, durable transportation on e...

Chinese-made Tricycles Empower Kenyan Entrepreneurs

Chinese company Sincerity Holding Group's Apsonic tricycles are boosting the livelihoods of Kenyan entrepreneurs like Nixon Nzioka and Lucy Njoki, who earn $7.7 and $6.9 daily respectively providing transport services in rural areas, highlighting the impact of affordable, durable transportation on e...

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Decent Work and Economic Growth

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How does the Apsonic tricycle's design contribute to its success in Kenya's diverse landscape?

Sincerity Holding Group's entry into the Kenyan market in 2023, offering durable, high-capacity tricycles, demonstrates a successful business model. The tricycles empower Kenyan entrepreneurs like Nzioka and Njoki, improving their livelihoods and contributing to economic growth. This success is driven by the tricycles' suitability for diverse terrains and their affordability.

Showing 229 to 240 of 1,169 results