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China’s economic growth came in higher than predicted at 5.3% for the first quarter, suggesting an improving economic climate
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April 16, 2024April 16, 2024China, Economy

China’s economic growth came in higher than predicted at 5.3% for the first quarter, suggesting an improving economic climate

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China’s economic performance in the first quarter of 2024 surpassed expectations, with GDP growth reaching 5.3%. This positive momentum puts the country on track to achieve its annual target of around 5% growth, despite ongoing headwinds. Economists polled by Wind had previously predicted a more modest increase of 4.9%. This stronger-than-anticipated performance underscores a pick-up...

China’s Premier Calls for Promotion of AI as Engine for New Economic Growth
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March 14, 2024March 23, 2024China, Tech

China’s Premier Calls for Promotion of AI as Engine for New Economic Growth

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Following China’s recent emphasis on developing “new quality productive forces” in its Government Work Report, Premier Li Qiang has urged a coordinated effort to promote the application of artificial intelligence (AI). This push for AI development comes after a series of visits by Li to key players in China’s technological landscape. Li’s remarks were made...