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The Pakistan Business Council, launched to foster stronger economic ties between Pakistan and the UAE, represents a strategic effort to enhance trade relations and explore new business opportunities.
The Boao Lecheng International Medical Tourism Pilot Zone, established to enhance China’s healthcare services and attract global medical investments, will benefit from these new tax exemptions.
South Africa, like many other African nations, has long exported raw materials to China while importing manufactured goods, leading to a trade deficit.
The U.S. is reportedly considering expanding its curbs on the export of advanced semiconductor technologies to China, citing concerns over the potential military applications of these technologies.
China’s service trade surged in the first five months of 2024, with total imports and exports exceeding 3.02 trillion yuan ($415.84 billion), marking a 16% year-on-year growth, according to the Ministry of Commerce.
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.
Thailand's Q1 growth slows to 1.5% amidst global uncertainties. Weak domestic consumption, fragile investment sentiment, and faltering exports pose challenges.
In April, China's exports surged by 5.1%, propelled by a strategic focus on high-tech manufacturing.
China's foreign trade surged by 5.7% in the first four months of the year, with exports growing by 11.4% and imports by 0.9%. This robust performance reflects China's resilience amid global challenges and its pivotal role in driving economic growth.
In April, China's trade soared, with imports and exports reaching 3.64 trillion yuan, marking an 8% yearly increase. Exports grew by 5.1%, totalling 2.08 trillion yuan, while imports surged by 12.2% to 1.56 trillion yuan, reflecting resilient economic momentum amid global fluctuations.
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