On June 24, 2024, the China General Chamber of Commerce-USA and CGCC Foundation unveiled their 2024 Annual Business Survey Report on Chinese Enterprises in the U.S. at the Omni Shoreham Hotel in Washington D.C. Over 300 guests from various sectors attended to discuss the U.S.-China economic relationship and share insights on Chinese investments in the U.S. Peter Reisman, Co-Chair of …
China Economic Daily Brief – July 8, 2024
Airbus Delivers 700th A320 from Tianjin Airbus has delivered its 700th A320 family aircraft from its Tianjin assembly line to Chengdu Airlines. This milestone underscores the strong partnership between Airbus and China, with Airbus’ market share in China exceeding 50% this year. The Tianjin Final Assembly Line Asia (FALA), operational since 2008, has been a model of successful China-Europe cooperation. …
ETF Connect Program Celebrates Two-Year Anniversary with Significant Growth
On July 4th, the ETF Connect Program celebrated its two-year anniversary, marking a milestone in facilitating two-way capital flows between mainland China and Hong Kong for eligible ETFs. The program has grown significantly since its inception, with the number of eligible ETFs rising from 87 to 151, and monthly Northbound trading volume increasing from US$55 million to US$2.98 billion as …
Diverse Industry Performance Highlighted in Q2 2024 GBA Business Confidence Report
The latest Standard Chartered GBA Business Confidence Index (GBAI) for Q2 2024 reveals a varied performance across industries in the Greater Bay Area (GBA). The “current performance” index for business activity remained steady at 54.1, slightly down from 54.3 in Q1 but maintaining a strong level since Q2 2021. The “expectations” index rose to 54.8 from 54.0, marking its first …
Hainan Free Trade Port Strengthens Ties with Swiss Businesses
From July 4-6, a delegation from China’s southern Hainan Province conducted promotional and exchange activities in Switzerland to foster cooperation in medical health, education, and high-end shopping and consumption. Key Events and Discussions The delegation held significant meetings with companies such as Merck, Richemont, and Roche Diagnostics, and institutions including EHL Hospitality Business School and the World Trade Organization. The …