Friday, April 19, 2024
With its good performance, camera features, and a sleek design, the Honor Magic6 Pro is slated to hit store shelves on April 30. Online orders are already available on Trkiye's e-shopping platforms. President of Honor Eurasia Multi-Country Region, said at the event that he firmly believed that the model, priced at 59,999 Turkish liras (1,845 U.S. dollars), will provide consumers with fine innovation and premium experience.
Friday, April 19, 2024
The new platform, being developed in-house by HKEX's technology teams with an expected launch in 2028, will give HKEX the capability to offer near 24-hour derivatives trading, introduce new products and provide enhanced efficiency. Bonnie Chan, HKEX Chief Executive Officer, said that developing an in-house platform that is adaptable, efficient and scalable, will give HKEX a unique competitive advantage in the global derivatives space. The launch of ODP will strengthen HKEX's capability to support the needs of global investors, and cement Hong Kong's leading position as Asia's risk management center and an international financial center. Derivatives are one of the fastest-growing segments of HKEX's diverse business, achieving record-breaking volumes in both 2023 and 2022.
Friday, April 19, 2024
The 2024 Summer Davos meeting will be held from June 25 to 27 in northeast China's coastal city of Dalian. Also known as the 15th World Economic Forum Annual Meeting of the New Champions, this year's forum will feature the theme "Next Frontiers for Growth." Six major topics will be discussed during the meeting: a new global economy; China and the world; entrepreneurship in the age of AI; new frontiers for industries; investing in people; and connecting climate, nature and energy.
Thursday, April 18, 2024
The jobless rate of those aged 25 to 29 was 7.2 percent in March, rising from 6.4 percent from a month earlier. The rate for those aged 30 to 59 was 4.2 percent, down 0.1 percentage point from February. The youth unemployment rate, excluding students from 16 to 24, was 15.3 percent in March, remaining flat on a monthly basis, the National Bureau of Statistics (NBS) said.
Thursday, April 18, 2024
China will step up its efforts to align with high-standard international economic and trade rules, continue to expand market access, and implement measures to ensure national treatment for foreign-funded enterprises, Premier Li Qiang said, when addressing a symposium attended by representatives of overseas buyers on the sidelines of the ongoing 135th China Import and Export Fair, also known as the Canton Fair, in the provincial capital. More efforts will be made to facilitate people-to-people exchanges for the purpose of international business and to provide support for foreigners who live and work in China. China will firmly expand high-level opening-up and promote trade and investment liberalization and facilitation, injecting greater stability into global trade and the world economy with the certainty of its own development and providing broader room for enterprises from various countries to grow further.
Thursday, April 18, 2024
Liu Sushe, deputy head of the National Development and Reform Commission, said the country will accelerate the issuance and use of local government special bonds and speed up the implementation of the central budget investment plan. "So far, China has already allocated more than 200 billion yuan ($27.63 billion) of the investment plan within the central government budget, accounting for over 30 percent of the total plan for 2024." "The commission has completed the preliminary screening of this year's local government special bond projects. And the Ministry of Finance is currently reviewing the balance of project financing and revenues, and localities are also preparing for projects in advance."
Thursday, April 18, 2024
The meeting was co-chaired by China's Vice Minister of Finance Liao Min and Jay Shambaugh, Under Secretary of the U.S. Department of the Treasury, the MOF said in a statement. Focusing on implementing the important consensus reached by the lead persons, the two sides conducted in-depth, pragmatic and constructive communication on the macroeconomic situations and balanced growth in the two countries and the world, as well as arrangements for future communication. The Chinese side expressed concern over the U.S. economic and trade restrictions against China, and made further responses on the issue of production capacity.
Thursday, April 18, 2024
U.S. carmaker Tesla Inc. will break ground in May on its new mega factory project capable of producing 10,000 Megapacks a year in Shanghai, the company has announced. As Tesla's first energy storage mega factory project outside the U.S. market, it is expected to go into mass production in the first quarter of 2025. The factory will initially produce 10,000 Megapack units every year, equal to nearly 40 GWh of energy storage. Megapack is a powerful battery that provides energy storage and support, helping to stabilize the grid and prevent outages, according to details on Tesla's website.