भारतीय रोज़ न्यूज़ भारत की सबसे अधिकारपूर्ण, समय पर और विश्वसनीय समाचार सलाहकार वेबसाइट है
Visitors enjoy peony flowers at the Jingshan Park in Beijing on April 22, 2024. [Photo/VCG]
Tourists are drawn to the colorful floral scenery across China as spring is in full bloom. Peony blossoms of different colors adorn parks in Beijing and Henan province. Purple bluebonnets in Kunming, Yunnan province, and pink cherry blossoms in Changchun, Jilin province, also attract many visitors.
Visitors experience makeup products at the China International Consumer Products Expo in Haikou, capital of South China’s Hainan province, on April 15, 2024. [Photo/Xinhua]
As previous consumer expos, “She-economy” has always been one of the hottest topics and a driving force to unleash consumption potential.
The “She economy” elements include a dazzling array of jewelry, different kinds of beauty care products and fashion week shows at this year’s China International Consumer Products Expo or CICPE, in South China’s Hainan province. Let’s take a look together.
Photo: WAM
The World Bank has raised its forecast for the UAE’s real GDP growth to 3.9% in 2024, compared to its previous forecast in January of 3.7%.
In an economic update published today on the latest economic developments in the Middle East and North Africa region, the World Bank said it had raised its forecast for the UAE’s economic growth to 4.1% in 2025 from its previous forecast of 3.8%.
The report also indicated that the UAE’s current account surplus is estimated to rise to 8.4% in 2024 and 8.3% in 2025, and that the country will achieve a surplus of 5.1% in its fiscal balance by the end of this year and 4.8% next year.
For MENA, the World Bank said that the region is forecasted to grow 2.7 percent in 2024, which represents a return to the low growth in the decade before the global pandemic. For 2025, the report said that the MENA region is expected to grow at 4.2 percent. In the GCC economies, including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, growth will improve to 2.8 percent in 2024 and 4.7 percent in 2025. The pickup in growth is mainly driven by higher oil output due to the phasing out of oil production cuts and robust growth in the non-oil sector linked to diversification efforts and reforms.
MENA’s GDP per capita is expected to grow a modest 1.3 percent in 2024, according to the bank, which is an improvement from the 0.5 percent rate in 2023. This increase is driven almost entirely by GCC economies, including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, whose GDP per capita growth in 2024 is projected to be 1.0 percent, a significant improvement from the 0.9 percent decline in GDP per capita in 2023.
Tim Cook, chief executive officer of Apple Inc, exchanges business cards with participants at the China Development Forum 2024 in Beijing, on March 24, 2024. About 400 people, including experts, entrepreneurs, government officials and representatives of international organizations, attended the opening ceremony of the forum. Photo: VCG
“Choosing China means choosing opportunities,” He Yadong, spokesperson of Ministry of Commerce (MOFOCM) said on Thursday, when asked about the recent surge of visits by global CEOs to the country.
The spokesperson said China welcomes multinational companies to actively participate in Chinese market for further development.
The remarks came amid the background as China hosts a series of high-level events this week, attracting a good number of global CEOs. Senior officials of MOFOM also met with top executives from over 20 multinational companies such as Apple, Qualcomm and Mercedes-Benz. These multinational companies are of medicine, automobiles, food, finance, cosmetics, electronic information, chemical industry and energy.
Multinationals from all walks of life visit China intensively to feel the “spring vigor” of China’s economic recovery, which demonstrates the “strong magnetic attraction” of the Chinese market, the spokesperson said.
China welcomes multinational companies to actively participate in the construction of a modern industrial system in China for greater inclusive development, He said.
Executives of multinational companies have expressed their optimism of the Chinese market and vowed to continue to invest in China, He said, citing the example of Apple which will continue to increase its investment in R&D and augment its supply chain in China, and the German chemical company Wacker will continue to invest in China and support the green and low-carbon transformation of traditional industries.
Jean-Pascal Tricoire, the Chairman of Schneider Electric, said in a forum held on Monday that the company will fully leverage their digital advantages and sustainable experience and deepen the integration of digital and real industries, accelerate the dual transformation of digitalization and decarbonization, and work with Chinese partners to foster new quality productive forces.
The company said the supply chain in China has increased its overall efficiency by 8-10 percent year by year, and its overall energy consumption decreased by 13 percent compared to 2019 with the deployment of advanced digital systems and artificial intelligence technology.
Data from MOFCOM showed that in the first two months of 2024, the number of newly established foreign-invested enterprises increased by 34.9 percent to 7,160 in China.
China continues to connect the world with a higher level of opening-up. “Choosing China means choosing opportunities, and investing in China means investing in the future,” He noted.
Global Times
