by weblychee | Oct 30, 2023 | Automotive, Business, China, Explore, Glopen, In-depth, Trade
1.From January to September, profits of industrial companies above 20mn revenue fell by 9.0% During the first 3 quarters, large-scale industrial companies (above CNY 20mn revenue) achieved business revenue of CNY 96.35 trillion (approximately $13.17 trillion), same as...
by weblychee | Oct 23, 2023 | Business, China, Glopen, Newsletter, Services, Trade
1.China releases preliminary GDP results for Q3 2023: 4.9% increase Based on the foundational data and the methods of calculating Gross Domestic Product (GDP), preliminary calculations indicate that China’s GDP for the 3rd quarter of 2023 stands at 31.9992 trillion...
by weblychee | Oct 9, 2023 | Automotive, Business, China, Glopen, Newsletter, Trade, Travel
1.US Approves equipment exports to S. Korean chip factories in China The Biden administration has granted Samsung Electronics and SK Hynix permission to acquire the necessary equipment to maintain and grow their chip-making operations in China. This move provides...
by weblychee | Oct 2, 2023 | Business, China, Glopen, Newsletter, Trade
1.China’s PMI back to growth in September at 50.2, while profits of large-scale industrial companies still down 11.7% In September, China’s Manufacturing Purchasing Managers’ Index (PMI) rose to 50.2%, an increase of 0.5 percentage points from the previous month, back...
by weblychee | Sep 25, 2023 | Business, China, Glopen, Newsletter, Travel
1.Chinese train tickets were fully sold within a second for National Day holiday This year, the Mid-Autumn Festival and National Day holiday will span eight consecutive days from 29th September to 6th October. On Friday, 15th September, the sale of train tickets for...
