2024 Newsletters

1.SWIFT Report: CNY’s Share of Global Payments Has Fluctuated On May 23, SWIFT released its latest report, indicating that the share of the Chinese yuan (CNY) in global payments decreased to 4.52% in April, down 0.17 percentage points from 4.69%…

1.The Central Bank of China Has Issued Three Consecutive Policies Targeting Real Estate On May 17, the People’s Bank of China introduced three new policies to support the real estate market: In China, the real estate sector is closely tied…

1.In April 2024, the national CPI for Residents Increased by 0.3% Year-on-Year In April 2024, national consumer prices rose 0.3% year-on-year. Among which, urban areas and rural areas rose by 0.3% and 0.4%; food prices fell by 2.7% and non-food…

1.In April, The PMI for China’s Manufacturing Sector Was 50.4% According to the data released by National Bureau of Statistics on April 30, in March, the Manufacturing Purchasing Managers’ Index (PMI) was 50.4%, a decrease of 0.4 percentage points from…

1.China’s First Sora-Class Video Mega-Model Vidu Launched On April 27, 2024, during the Zhongguancun Forum Annual Conference’s Future Artificial Intelligence Pioneers Forum, Tsinghua University, in collaboration with Bioscience Technologies, officially launched Vidu, China’s the first long-duration, high-consistency, and highly dynamic…

1.Over 141 Million Exit-Entry Travelers Recorded in China in Q1 2024 At a press conference held on April 18th, the National Immigration Administration (NIA) disclosed impressive statistics for the first quarter of the year, indicating a significant surge in travel…

1.China’s CPI Increased by 0.1% y-o-y and Decreased 1.0% Compared to February In March 2024, national consumer prices rose 0.1% year-on-year. Among which, urban areas were flat while rural areas rose by 0.1%; food prices fell by 2.7% and non-food…

1.China’s Foreign Exchange Reserves Reached $3.2457 Trillion at the End of March, Up 0.62% Month-on-Month The State Administration of Foreign Exchange of China released data on April 7 showing that, by the end of March 2024, China’s foreign exchange reserves…

1.China’s Official Manufacturing PMI Hits 50.8 in March, Returning to Expansion for the First Time in the Past Half Year According to the data released by National Bureau of Statistics on March 31st, in March, the Manufacturing Purchasing Managers’ Index…

1.The trade of goods has experienced rapid growth, with the trade structure continuing to improve and optimize According to the report released by National Bureau of Statistics on March 18, 2024, during the first two months in 2024, the total…