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China’s H1 2023 Economic Indicators

China’s H1 2023 Economic Indicators

China’s Economy in H1 2023 demonstrated strength and resilience, showcasing a 2.1% YoY growth in foreign trade and an impressive 3.7% YoY increase in exports. The ASEAN bloc retained its position as China’s primary trading partner, underlying the strategic importance of this regional bloc in China’s foreign trade landscape. Remarkably, the nation witnessed a 21.6% YoY surge in automobile exports, primarily driven by the booming new energy vehicles (NEVs) market. Meanwhile, the country experienced mild inflation, with the Consumer Price Index (CPI) remaining flat in June 2023. The Producer Price Index (PPI), however, saw a notable decline of 5.4% YoY in June, the sharpest drop in over seven years. Despite this, China emerged as the world’s leader in IPO activity, and Shanghai saw a significant boost in consumer confidence, pointing towards an optimistic economic future.

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New Shanghai Action Plan To Enhance Business Environment

New Shanghai Action Plan To Enhance Business Environment

New Shanghai Action Plan, China’s commercial hub, is taking measures to enhance its business climate with the latest iteration of the Shanghai Action Plan for Strengthening Integrated Innovation and Continuously Optimizing the Business Environment. The plan’s primary goal is to create an international-first-class economic climate with the most convenient trade and investment, outstanding administrative efficiency, standardized government services, and a…

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All inbound travelers to China will be exempt from quarantine from January 8th.

All inbound travelers to China will be exempt from quarantine from January 8th.

According to the National Health Commission, China will remove quarantine rules for all passengers traveling to China beginning January 8, 2023. The health authority said in a statement that COVID-19 would also be downgraded to Category B from the current Category A, meaning that quarantine will no longer be enforced. According to the National Health Commission, China will refer to…

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