Stay updated with the latest news and articles about 2024.
China saw 46,893 new foreign-invested firms in the first ten months of 2024, marking an 11.8% year-on-year increase. This growth underscores China's resilience and global investment appeal.
Vietnam achieved an agro-forestry-fishery trade surplus of 8.28 billion U.S. dollars in the first half of 2024, a 62.4 percent increase year-on-year, driven by rising exports and strong market demand.
In the first four months of 2024, China's service trade grew by 16.8%, reaching 2.43 trillion yuan. Travel services, a major contributor, saw a 48.6% increase, highlighting the sector's resilience and significant role in economic growth.
The commerce ministry, in its announcement on Friday, expressed a cautious outlook for the year 2024, predicting only modest export growth following a slight drop in the previous year.
In its fight against persistently high inflation, the finance ministry outlines a multifaceted strategy. Plans include bringing down inflation to the 2% level within the first half of 2024 through policy measures such as tax and tariff cuts, freezing public utility costs, and other interventions.