Biz Today

During President Xi Jinping's visit to France, China and France issued joint statements on strengthening cooperation and coordination in multiple areas. The two sides have signed 18 cooperation agreements between government agencies in aviation, AI governance, people-to-people exchanges, green development, and agricultural cooperation. Following the visit to France, President Xi Jinping also pays...

The 2024 Beijing International Automotive Exhibition has been held with electric and hybrid vehicles taking center stage. Featuring nearly 280 new energy models, the event impressed visitors with advanced technologies and affordable options. What are the show’s highlights, how can automakers maintain competitiveness moving forward? Tesla CEO Elon Musk is hundreds of billions of dollars richer afte...

Some US and Western politicians and media outlets have recently claimed "overcapacity" in China's industrial sector. They have focused on the growth of Chinese manufacturing in new green industries like electric vehicles, lithium-ion batteries, and solar panels. In 2023, China became the world's largest auto exporter, with a significant increase in sales of new energy vehicles. What's behind China...

China's economy shows sustained recovery and improvement in the first quarter, with GDP growth hitting 5.3%. Data shows that increased retail sales, investment growth, and increasing imports and exports all indicate the steady recovery of the country's economy. We’ll also hear about the latest consumption trends from the China International Consumer Products Expo in Hainan (00:53). The IMF has lif...

U.S. Treasury Secretary Janet Yellen wrapped up her visit to China. What are the highlights of the visit (00:46)? The U.S. consumer price index rose 3.5% in March. What does the latest figure mean for the Federal Reserve’s future interest rate cuts (14:36)?

China's manufacturing sector experienced its most rapid expansion in over a year in March. The official PMI rose from 49.1 in February to 50.8 in March. What does it mean for China's economy (00:37)? A survey conducted by Japan's central bank reveals that business sentiment among major non-manufacturing companies in the country has reached a three-decade high in the first quarter of 2024. What's t...

The Boao Forum for Asia was held this week in Hainan province. Global security, the world economy, science and technology innovation, and the impact of artificial intelligence topped the agenda. The forum has released its annual report on Asia's economic prospects, calling for growth of 4.5% this year, supported mainly by solid consumption. What are the driving forces for Asia’s economy? What are...

China's industrial output grew 7% in the year's first two months, beating expectations and marking a solid start for China's economy in 2024. Meanwhile, China has issued a broad plan to attract foreign investment further. What are the new opportunities in China (00:40)? US tech giant NVIDIA unveils its new super-chip as it drives closer cooperation with Chinese EV maker BYD (17:27).

China's auto exports jumped over 30 percent in the first two months of this year. What were the main factors (00:43)? Japan's economy has narrowly avoided recession after revising its official economic growth figures. However, Tokyo's stock market has been riding high since the beginning of the year despite economic stagnation. How does that happen? Is Japan's economy at a turning point (17:50)?

Economic issues are a focal point for China's national legislators and political advisors during this year's Two Sessions. China has set an economic growth target of around 5% for 2024. What messages have been sent from this year's Two Sessions? How will they shape China's economic future?

Trade ministers worldwide have gathered in Abu Dhabi for a World Trade Organization meeting to set new global commerce rules. "Don't take economic resilience for granted" -- that's the message from WTO chief Ngozi Okonjo-Iweala. What are the most significant challenges for global trade? What does it mean for the global economy? What is China's role in international trade and economic growth?

China’s central bank has cut its benchmark five-year mortgage rate by 25 basis points. What does it mean for the property sector? And what does it mean for the economy this year (00:38)? OpenAI has revealed a new Artificial Intelligence tool called “Sora.” What does the latest leap in AI mean for different industries? How should people prepare for it (17:57)?

Chinese consumers have flexed their spending power during this year’s Spring Festival holiday (00:40). China's digital finance has gone global, enabling tourists to travel abroad with "one wallet.”So, what are the main drivers for China's digital finance and digital economy? What does this growth say about China’s economic policy (15:20)?

Across China, vibrant Spring Festival celebrations are underway as the nation reaches the pinnacle of its most important holiday season. The Chinese Lunar New Year is about homecomings. This year, Chunyun, or the Spring Festival travel rush, is expected to set a new record of nine billion passenger trips during the 40-day travel peak. Meanwhile, China's leading online shopping platforms also capit...

The International Monetary Fund has revised its outlook for the global economy this year. It now predicts global growth will hit 3.1 % in 2024. What’s the current situation of the global economy? What are some of the main challenges lying ahead? Can the international economy avoid a “hard landing"?（00:43) China urges breakthroughs in GPUs, robotics, and quantum computing to drive “future industri...

Global shipping rates are rising as Houthi forces continue to attack ships in the Red Sea. Data shows that the cost of shipping from Asia to Northern Europe has surged 460% compared to mid-October. The IMF says maritime traffic through the Suez Canal is down 37% this year. What is the impact of the Red Sea crisis on global logistics and the economy (00:40)? The World Tourism Organization says glob...

Chinese Premier Li Qiang has addressed the World Economic Forum, highlighting China's contribution to global economic growth (00:45). China's 2023 economic performance exceeded expectations, with GDP increasing 5.2%. What does this figure reveal about the overall economic landscape in China, and can we infer any specific trends or opportunities from this growth rate (17:58)?

China's "ice and snow city" Harbin is seeing an unprecedented influx of tourists. Many people from warmer parts of the country flock to the frosty North. What is behind this tourism miracle in Harbin? Is it part of a new driving force for the revival of China's Northeast region (00:39)? China plans to facilitate common prosperity through the digital economy (15:50).

China’s Caixin manufacturing PMI rose to 50.8 in December from 50.7 in November. Meanwhile, China's official PMI, which includes both manufacturing and non-manufacturing activities, came in at 50.3 in December. How is Caixin manufacturing PMI different from the official PMI? What can it tell about China's manufacturing sector? And what’s the current situation of China’s economy (00:44)? The first...

The world economy has weathered a lot of challenges this year. Many international institutions expect global growth to slow in 2024 due to elevated interest rates, higher energy prices, and geopolitical uncertainties. What has been happening for the global economy in 2023? What are the challenges expected ahead? Can technological advancements deliver new drivers for the global economy?

This year marks the 45th anniversary of China's reform and opening up. It's also been ten years since China decided to deepen reforms. China is now the world's second-largest economy and the largest manufacturer. What does it mean when we talk about reform and opening-up? How has China's economy developed over the past 45 years（00：43）? We'll also look at ChatGPT. Nature magazine has included it...

China held its annual Central Economic Work Conference this week as Chinese leaders decided on the priorities for next year's economic work. How does China plan to navigate through headwinds and boost its economic recovery in 2024? What favorable factors will continue to support China as a significant contributor to the global economy?

Chinese President Xi Jinping has called on Shanghai to deepen reform and opening up. What is Shanghai’s role in China’s high-quality development (00:44)? We’ll also take a look at how China’s car makers managed to get ahead in the EV era (11:15).

The first China International Supply Chain Expo was held in Beijing this week. It aimed to provide a platform for enterprises to expand trade and investment cooperation. It covered many areas, including smart vehicles, green agriculture, clean energy, and digital technology. What must be done to stabilize and build more trust in the global supply chain (00:44)? Germany's GDP fell by 0.1 points in...

The artificial intelligence sector has faced high drama recently, partly because of OpenAI and its CEO, Sam Altman. Altman is back as CEO after OpenAI’s board fired him a few days ago, and staff nearly revolted. Meanwhile, AI is already transforming the workplace. How will the development of AI change our work and life? What should be done to regulate it (00:41)? China and Saudi Arabia have signed...