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Vietnam’s 2024 economic growth target of 6.5% is seen as ambitious and challenging, according to the Annual Economic Report 2024. Key obstacles include global economic uncertainties, domestic market pressures, and evolving trade dynamics.
The CEO of the World Travel & Tourism Council emphasized the significant impact of travel and tourism on China’s economy. This sector is fostering economic growth, creating jobs, and boosting GDP, making it a critical pillar of China's development.
Premier Li Qiang's recent visit to Malaysia has sparked calls for a stronger China pivot. Malaysia is keen to expand its economic and strategic ties, leveraging its relationship with China to boost development and regional influence.
Miki Tsusaka, President of Microsoft Japan, highlights Japan's rapid adoption of artificial intelligence, emphasising the potential for accelerated economic growth and technological advancement.
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.
Guangzhou aims to pioneer commercial low-altitude manned flights, projecting a 150 billion yuan economy by 2027. This ambitious plan underscores the city's commitment to innovation and economic growth in emerging aerial mobility sectors.
China's Caixin manufacturing PMI for May reached 51.7, the highest since July 2022, signifying a significant uptick in manufacturing activity among small and medium-sized enterprises.
The Chongqing International Fair convenes stakeholders from around the world to explore investment and trade opportunities in one of China's fastest-growing regions.
Chinese President Xi Jinping emphasises the necessity of comprehensive reform to propel Chinese modernisation, focusing on innovation, economic efficiency, and social equity.
China launches $42 billion re-lending facility for government-subsidized housing, addressing affordability challenges. The initiative aims to boost construction, improve living standards, and stimulate economic growth, reflecting a commitment to social welfare and inclusive development.
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