by Boyang Shen | Jun 3, 2024 | Automotive, Business, China, Explore, Glopen, In-depth, Newsletter, Trade
1.China’s Manufacturing PMI for May was 49.5, While the Non-manufacturing Sector Continued to Expand According to the data released by National Bureau of Statistics on May31, in May, the Manufacturing Purchasing Managers’ Index (PMI) was 49.5%, a decrease of 0.9...
by Boyang Shen | May 20, 2024 | Automotive, Business, China, Explore, Glopen, In-depth, Newsletter, Services, Trade
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: The minimum down payment for a first home was set at 15% (30% before),...
by Boyang Shen | Apr 15, 2024 | Business, China, Explore, Glopen, In-depth, Newsletter, Trade
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 prices rose by 0.7%;...
by Boyang Shen | Apr 8, 2024 | Business, China, Glopen, In-depth, Newsletter, Trade, Travel
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...
by Boyang Shen | Apr 1, 2024 | Automotive, Business, China, Explore, Glopen, In-depth, Newsletter, Trade
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...
by weblychee | Feb 5, 2024 | Business, China, Glopen, In-depth, Newsletter, Trade
1.Apple’s Greater China revenue falls 13%, facing Huawei’s challenge On February 2nd, Apple’s FY2024 Q1 earnings data revealed that Greater China generated a revenue of $20.8 billion (approximately CNY 149.344 billion) for the quarter, reflecting a 13% year-on-year...
