Month: February 2023
China’s forex reserves rose in Jan amid weakening US dollar
China’s foreign exchange reserves stood at $3.184 trillion in January, according to data released by the State Administration of Foreign Exchanges, rising by$56.8 billion from $3.128 trillion in the previous month.
Nomura raised forecast of China’s GDP growth in 2023 to 5.3%
China’s economy is expected to expand 5.3% in 2023, Nomura said in a note, higher than its previous forecast of 4.8%.
China aims to boost the influence of Chinese brands, improve quality and efficiency – State Council
China aims to achieve a shift toward “Created in China” from “Made in China”, toward “Chinese quality” from “Chinese speed”, and toward “Chinese brands” from Chinese products”, according to a plan released by the State Council.
