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China has finished ratifying the Regional Comprehensive Economic Partnership (RCEP) agreement, the Chinese Ministry of Commerce said Monday.
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China has taken the lead in ratifying the Regional Comprehensive Economic Partnership (RCEP) agreement, the Chinese Ministry of Commerce said Monday.Thailand also officially ratified the agreement. The group's 15 members all stated that they will ratify the RCEP deal before the end of this year and bring the trade pact into effect on January 1, 2022.Bringing RCEP into effect entails gaining approval from at least nine out of the 15 member states. The quorum must include six ASEAN member states and at least three of the following countries: China, Japan, South Korea, Australia and New Zeala...
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In order to further enhance the working ability of staffs, extend working ideas, improve working methods and efficiency, to strengthen the construction of corporate culture and enhance the internal communication and cohesion of KW, in April 2021, the chairman personally led all the staff to the Jinhai Lake Yacht Resort in Beijing to carry out special team building activities.The team building activities took various forms, including mountaineering competitions, taking a boat-trip around the lake, horseback riding, archery and playing golf. In the course of mountai...
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China's GDP Expands Record 18.3% in Q1 Amid Domestic, Global Demand Recoveryhttp://en.steelhome.cn [SteelHome] 2021-04-16 16:26:28China's gross domestic product (GDP) expanded at a record pace of 18.3 percent year on year during the first quarter of this year as it rebounded from a historic contraction a year earlier, data from the National Bureau of Statistics showed Friday.China recorded a year-on-year contraction of 6.8 percent in the first quarter of 2020, when the country had to pause its economic activities to contain the spread of COVID-19, setting the stage for a dram...
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China's manufacturing purchasing managers index (PMI) dipped to 51.3 in January, National Bureau of Statistics (NBS) data showed on Sunday, but remained comfortably in expansion territory.The official PMI missed Reuter's median forecast of 20 economists, which had expected the figure to dip slightly to 51.6 in January from 51.9 in December. A reading above 50 indicates an expansion in activity on a monthly basis.'Around the Spring Festival is the traditional off-season of China's manufacturing industry,' NBS senior statistician Zhao Qinghe said, explaining the slight decrea...
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China has taken the lead in ratifying the Regional Comprehensive Economic Partnership (RCEP) agreement, the Chinese Ministry of Commerce said Monday.Thailand also officially ratified the agreement. The group's 15 members all stated that they will ratify the RCEP deal before the end of this year and bring the trade pact into effect on January 1, 2022.Bringing RCEP into effect entails gaining approval from at least nine out of the 15 member states. The quorum must include six ASEAN member states and at least three of the following countries: China, Japan, South Korea, Australia and New Zeala...
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Fitch Ratings, a global credit ratings agency, raised its forecast on China's GDP growth to 8 percent for 2021 from its previous 7.7 percent forecast in September, according to a Dec 10 report from CNBC.The agency's new forecast was based on increased domestic demand and expectations for COVID-19 vaccine deployment in China, said the report.'This would be well above our estimate of China's long-term growth potential of around 5.5 percent, but is quite achievable from such a low base in 2020,' Fitch analysts Brian Coulton and Pawel Borowski wrote in the report.Data shows Chi...
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China's factory activity expanded at a faster pace in March as factories ramped up production after the Spring Festival holiday, while upbeat export orders provided a further boost.The purchasing managers' index (PMI) for China's manufacturing sector came in at 51.9 in March, up from 50.6 in February, the National Bureau of Statistics (NBS) said on Wednesday.The data beat an estimate of 51.2, the median forecast of 30 economists polled by Reuters. A reading above 50 indicates expansion in activity, while a reading below reflects contraction.The import index edged up to a multi-year...
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