Asia ETP News

China's Economy Has Not Peaked

January 7, 2025--Chinese policymakers should allow for a more market-driven allocation of land, money, and labor.
Summary
China's GDP is growing. Youth unemployment is down. And the property-market crisis is moderating. But the economy's dynamism is missing.

Kiwoom Asset Management launches KIWOOM KOSEF US Quantum Computing ETF, tracking Solactive U.S. Quantum Computing Index

December 17, 2024--Solactive is pleased to announce a further collaboration with Kiwoom Asset Management. The South Korean issuer is launching the KIWOOM KOSEF US Quantum Computing ETF that tracks the Solactive U.S. Quantum Computing Index. The product aims to provide investors with focused exposure to the quantum computing value chain, including infrastructure, software, cryptography, and artificial intelligence applications.

China Expands Private Pension Scheme Nationwide Following Two-Year Pilot Program

December 13, 2024--After a two-year pilot program, China has officially expanded its private pension scheme nationwide. Starting December 15, 2024, workers covered by urban employee basic pension insurance or urban-rural resident basic pension insurance across the country can participate in this supplementary pension scheme.

China's surprise pledge sends commodities soaring

December 10, 2024-China's surprise pledge that it would do more to boost the economy sent commodities and mining stocks soaring on Tuesday, amid expectations that Beijing will finally deliver the stimulus that the market had been hoping for.

Fubon Fund Management Launches the First Ever Multi Asset ETF Including Commodities in Hong Kong, Tracking the Solactive Core Diversified Multi Asset Index

December 2, 2024--Fubon Fund Management has launched an innovative investment solution, the Fubon Solactive Core Diversified Multi Asset Index ETF, which tracks the Solactive Core Diversified Multi Asset Index. This ETF offers investors a cost-effective, diversified approach to access multiple asset classes, including equities, fixed income, and commodities (with spot virtual assets being eligible for inclusion), across both developed and emerging markets.

Chinese Vice-Premier He Lifeng urges Hong Kong to be 'self-assertive' on 3 paths to reform

November 19, 2024--State leader says city should deepen financial reforms, expand cooperation and opening up and dovetail with national developments
Chinese Vice-Premier He Lifeng has pledged Beijing’s backing for Hong Kong to strengthen its standing as an international financial centre, urging the city to be self-assertive amid geopolitical uncertainties and to press on with reforms as he set out three directions to unleash its full potential.

Shanghai Stock Exchange, Deutsche Börse and CEINEX signed a memorandum of understanding on special cooperation on depository receipts under the stock connect

November 6, 2024--On 6 November 6 2024, the Shanghai Stock Exchange (SSE), Deutsche Börse Group (DBG) and China Europe International Exchange (CEINEX) signed a memorandum of understanding on special cooperation on depository receipts under the stock connect.
This is an important measure for the SSE to actively promote the high-level institutional two-way opening up of the capital market and to further deepen the cooperative relationship between the Chinese and German securities markets.

CSOP Asset Management Launches CSOP MAG Seven ETF Tracking Solactive Magnificent Seven Index

November 6, 2024--Solactive is pleased to expand its collaboration with CSOP Asset Management Limited. The CSOP MAG Seven ETF aims to track the Solactive Magnificent Seven Index, offering investors direct access to seven of the largest and most influential U.S. technology companies-Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla-each of which has established itself as a leader in innovation, digital transformation, and technological advancements.

BetaShares-The ultimate guide to dividend ETFs

November 6, 2024--Dividend exchange-traded funds (ETFs) offer investors the opportunity to generate attractive income.
Not only can dividend ETFs provide investors with relatively attractive yields, but some strategies intentionally seek to grow income above the rate of inflation.
In this article, we'll explore the world of dividend ETFs and what to look for before investing in these products.

HKEX to Digitalise ETP Servicing Capabilities with Online Platform

November 5, 2024--Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Tuesday) plans to digitise and automate the in-kind creation and redemption process for relevant exchange-traded products (ETP) in 2025 through the adoption of a web-based platform, subject to technical readiness and regulatory approval.

GTN and SBI Group collaborate to launch "SBI Saudi Arabia Equity Exchange Traded Fund (ETF)"

November 4, 2024-The launch marks the first ETF dedicated to investing in the Saudi Arabian stock market listed on the Tokyo Stock Exchange.
GTN and SBI Holdings announced on October 30 at FII 8th Edition 2024 in Riyadh the launch of the "SBI Saudi Arabia Equity Exchange Traded Fund (ETF)"-a groundbreaking ETF dedicated to investing in the Saudi Arabian stock market and listed on the Tokyo Stock Exchange.

Asia's Economies Can Embrace Services to Boost Growth and Productivity

October 30, 2024--Manufacturing has been the engine of growth in Asia, but a transition to modern, tradable services could be new source of growth and productivity
The Asia-Pacific region prospered by becoming the source of more than half of global factory output, but another transformation to higher-productivity services has the potential to further support growth.

Japan maintains cautious stance on crypto ETFs

October 23, 2024--While global markets embrace crypto ETFs, Japan's strict tax policies and regulatory caution impede further adoption.
Japan's regulators are reluctant to approve cryptocurrency-based exchange-traded funds (ETFs), even as global markets embrace spot crypto ETFs.

China cuts key lending rates to support growth

October 20, 2024-- China cut benchmark lending rates as anticipated at the monthly fixing on Monday, following reductions to other policy rates last month as part of a package of stimulus measures to revive the economy.

China's plan to get around Western tariffs: Fill the world with factories

October 5, 2024-In response to the trade war, the Asian giant is investing billions of dollars abroad in plants, especially in industries linked to the energy transition
China has entered a new phase of global expansionism. Its technology companies - linked to the green transition - have begun to sow seeds in countless territories.

BBH Annual Greater China ETF Investor Survey: ETF Assets reach record highs as Greater China propels ETF investment in APAC

September 11, 2024--77% of investors predict they will increase their use of ETFs in the next 12 months.
Exchange Traded Fund (ETF) asset growth has hit new highs in the Greater China region, with investor demand fueling growth and 77% of investors predicting increased ETF use in the next year. The findings of the 7th Annual Greater China ETF Investor Survey from Brown Brothers Harriman & Co. (BBH), a global leading ETF custodian and administrator, show that ETFs and the strategies being deployed in Greater China are continuing to evolve.

ETF Empowering Investors in China's Transition to Sustainable Economy

August 26, 2024--According to International Energy Agency's forecasts, renewables will surpass coal to become the largest source of global electricity generation in 2025 and account for over 42% share in 2028, signifying a significant shift in the global power mix.

India: With markets at peak, mutual fund redemptions surge: Report

August 23, 2024-Total Assets Under Management (AUM) for mutual funds in July 2024 increased by 40 per cent compared to the previous year, but redemptions surged by 61 per cent during the same period

China Bond Trading Collapses Amid PBOC Crackdown on Record Rally

August 23, 2024--China's attempts to cool a record bond rally have stalled a drop in yields, but at the cost of a collapse in trading activity to an extent that may create more headaches for policymakers.

India surpasses China to become Russia's top oil buyer in July

August 22, 2024-Russian crude made up a record 44% of India's overall imports last month, rising to a record 2.07mln bpd, 4.2% higher than in June and 12% more than a year ago
India overtook China as the world's biggest importer of Russian oil in July as Chinese refiners bought less because of lower profit margins from producing fuels, a comparison of import data showed.

Yuanta and Uni-President fined for 'misleading' Taiwan ETF adverts

August 21, 2024--Other big names to be ejected from the MSCI indices include Beiqi Foton Motor, Ganfeng Lithium Group and GF Securities
Regulator criticises use of phrases such as 'interest falls like rain' and 'uninterrupted cash flow'

Avenir Group Becomes Top Institutional Holder of Two Major Bitcoin ETFs in Asia Bitcoin ETF Holdings Totaled US$384 Million in Q2

August 20, 2024-Avenir Group, a global institutional family office focused on mult-strategy investment trading powered by financial technology (FinTech), has become the largest institutional holder of two major Bitcoin exchange traded-funds (ETFs) in Asia in the second quarter (Q2) of 2024.

Australia's failed blockchain project for capital markets infrastructure

August 20, 2024--A world-leading bid effort to use blockchain technology to upgrade key capital markets infrastructure ended when ASX Ltd (the Australian Stock Exchange) paused the project and wrote off costs of AUD 250 million ($169m). On 14 August the Australian Securities and Investments Commission (ASIC) watchdog announced it was suing the ASX for "allegedly making misleading statements".

Dimensional Extends ETF Suite in Australia

August 19, 2024--Global asset manager Dimensional Fund Advisors, the world's largest issuer of actively managed exchange traded funds (ETFs), today extended its suite of equity ETFs on the Australian Securities Exchange (ASX) to support financial professionals seeking to access the firm's systematic approach.

5 undervalued qualities of the Indian financial system

August 18, 2024--The timing is sound. India is celebrating its 78th Independence Day at present. Everybody is aware of the story: it's the world's most populous nation, one of many fastest-growing economies, the third-largest by gross home product in buying energy parity phrases, and a touted beneficiary of "China Plus One" provide chain diversification.

MSCI removes China Tourism, 59 more Chinese stocks as global investors turn to India

August 13, 2024--Other big names to be ejected from the MSCI indices include Beiqi Foton Motor, Ganfeng Lithium Group and GF Securities

Chinese gold ETF holdings up 92% since 2023

August 10, 2024--Chinese gold exchange-traded funds (ETFs) have experienced a surge, with holdings increasing by 92% since the beginning of 2023, according to Wells Fargo.
The bank said the surge in gold ETF investments reflects robust demand from Chinese investors seeking safety amid economic uncertainties.

China Investors Pile Into Saudi ETFs as Two Nations Grow Closer

July 28, 2024--Both ETFs trade at sizable premiums to their net asset values
Saudi ETFs have competitive advantage in yields: Guotai Junan
Chinese investors are pouring money into two new exchange-traded funds tracking Saudi Arabian shares as the dismal performance of local equities supercharges demand for overseas assets.

China's Third Plenum all about muddling through

July 22, 2024--Third Plenum announced reform measures that were either already underway or vexingly vague in detail at a crucial juncture for the economy
Four days of highly anticipated high-level Third Plenum meetings (from July 15 to 18) among Chinese Communist Party leaders ended with a perplexingly vague readout.

WTO-Trade Policy Review: China

July 19, 2024--SUMMARY
1. During the review period, China remained an important driving force for global economic growth. The economy recovered well from pandemic-related shocks, and China's exports and imports continued to increase

Tech-focused ETFs Take Spotlight after Mainland China-Hong Kong ETF Connect Expansion

July 18, 2024--On July 12th, it was announced that 91 additional ETFs will be added to the Mainland China-Hong Kong ETF Connect Program, which will take effect on July 22nd. This expansion brings the total number of ETFs in the program to 241, with 19 of them being managed by E Fund Management ("E Fund"), the largest fund manager in China.

OKX Ventures Releases Bi-Monthly Investment Report (May-June 2024)

July 17, 2024--OKX Ventures, the investment arm of leading Web3 technology company OKX, has released its bi-monthly investment report for May-June 2024, highlighting steady progress across multiple fields and maintaining an optimistic outlook on market prospects.

Hong Kong and mainland Chinese exchanges add 91 ETFs to Stock Connect scheme

July 12, 2024--A total of 85 ETFs will be added for trading in the northbound direction and six in the southbound direction, with the expanded list to take effect from July 22

Samsung Active Asset Management Launches KoAct AI Infrastructure Active ETF Benchmarked Against Solactive Korea AI Infrastructure Index

July 9, 2024--The global AI infrastructure market has grown significantly against the backdrop of increasing global adoption of AI technologies across various industries, driven by the data explosion and advancements in AI algorithms. In response to this fast-growing industry, Solactive is pleased to announce that Samsung Active Asset Management has listed the KoAct AI Infrastructure Active ETF, benchmarked against the Solactive Korea AI Infrastructure Index.

Mainland China-Hong Kong ETF Connect Marks Two Years of Strengthened Market Integration, Expansion Expected to Boost Investment Options and Liquidity

July 8, 2024--On July 4th, the ETF Connect Program, which facilitated two way capital flows between mainland China and Hong Kong for eligible ETFs, celebrated its two-year anniversary.
Over the past two years, the program strengthened its position in deepening the integration of the two capital markets, the number of eligible ETFs increasing from 87 to 151 since launch and the monthly Northbound trading volume rising from US$55 million to US$2.98 billion in June this year.

A Closer Look at H1 2024 A-share ETF Market: Rise of Broad-based and High Dividend Yield ETFs

July 5, 2024--In the first half of 2024, the A-share ETF market scaled a new record high and the market size surpassed US$292 billion, with broad-based ETFs as the main driving force. According to Wind, the assets of broad-based ETFs doubled from US$83 billion in mid-2021 to over US$171 billion, increasing their share from 41% to 59%.

China ETF assets register 'explosive' growth

July 2, 2024--Booming sector has enjoyed annual growth rate of 40% since 2018 as actively managed funds have slumped
China's exchange traded fund industry has surged in recent years, buoyed by record high inflows into equities strategies and amid a slump in the take-up of active funds, according to Morningstar research.

IMF-China's Economic Outlook: Expert Insights on Growth and Global Impact

June 27, 2024--China is embarking on an economic transformation, centring the energy transition as the key driver of growth.
Beijing's economic policies aim to stabilize and invigorate global markets despite headwinds.
Ahead of a key economic policy meeting in Beijing, experts convened at the Annual Meeting of the New Champions in Dalian to unpack China's policy direction and economic outlook.

Green Building Revolution Could Open $1.8 Trillion Global Market Opportunity by 2030

June 26, 2024--A new report identifies 11 strategies that could abate building emissions by 80% and potentially unlock $1.8 trillion in global market opportunities by 2030.
China, as the world's largest construction market, can play a critical role in driving sustainable change across the global building industry.
The report identifies key barriers facing the global building industry including gaps in regulations and industry standards, data management and advanced tech adoption, biomaterials, financing and labour force upskilling.

SOLOWIN Driving Investor Adoption of Virtual Assets as the Largest Holder of Multiple Spot Bitcoin and Ethereum ETFs in Hong Kong

June 17, 2024--June 17, 2024--SOLOWIN HOLDINGS ("SOLOWIN" or "the Company"), a securities brokerage company that offers comprehensive financial services primarily to Chinese investors globally, today announced that Solomon JFZ (Asia) Holdings Limited ("Solomon"), its operating subsidiary, has become the largest holder of customer assets in the ChinaAMC Bitcoin ETF (HKEX: 9042), ChinaAMC Ethereum ETF (HKEX: 9046), and Harvest Bitcoin Spot ETF (HKEX: 3439).

Solactive Launches Subordinated Bank Bond Index for Betashares in Australia

May 17, 2024--Solactive has launched the Solactive Australian Major Bank Subordinated Index in partnership with Betashares, a leading exchange traded fund (ETF) provider in Australia. To be eligible for inclusion in the index, bonds must have amounts outstanding of at least $500 million and a remaining maximum term to maturity of 10 years.

Hong Kong and Saudi Arabia explore funds to track Hong Kong stock indices

May 9, 2024--Hong Kong and Saudi Arabia are exploring the creation of an exchange-traded fund (ETF) tracking Hong Kong indices, Hong Kong Deputy Financial Secretary Michael Wong said in a statement on Thursday.

HKD 2.4 Billion AUM Highlights Strong Market Entry for Newly Launched Spot Crypto ETFs in Hong Kong

May 7, 2024--OSL's key partnerships secure 76% market share in spot BTC/ETH ETF market
The inaugural week of the newly launched ETFs has exceeded all projections, with asset under management (AUM) surpassing HKD2.4 billion as of 6 May, a testament to the strong investor interest and confidence in the market.

Asia ESG fund flows plummet in first quarter

May 7, 2024--Strong inflows to Taiwan's sustainable vehicles help offset heavy outflows from Hong Kong and Singapore
There were "subdued" flows in sustainable funds in Asia excluding Japan and China in the first quarter of the year, recording a 63 per cent decline from a revised $1.7bn in net new money chalked up during the previous quarter.

MetaComp and Bosera Strengthen Collaboration to Promote Bosera Cryptocurrency ETFs Among Global Investors

May 7, 2024--MetaComp Pte Ltd and its subsidiaries (collectively referred to as "MetaComp") and Bosera Fund Management (International) Co., Ltd. ("Bosera International") strengthened their collaboration to introduce the eagerly awaited Bosera cryptocurrency ETF to investors worldwide.

South Korea's Newly Elected Party to Fulfill Election Promise with Bitcoin ETF Review Request

May 7, 2024--During the campaign, the Democratic Party of Korea promised to allow trading and listing of spot ETFs in the country to entice young voters to participate in the election.
The Democratic Party of Korea has revealed its plans to request the Financial Service Commission (FSC) to clarify the regulatory framework governing Bitcoin ETFs in the country.

Mirae Asset introduces high dividend yield ETF to China

May 7, 2024--Mirae Asset Global Investments, a leading asset manager based in Korea, has introduced a high dividend yield exchange-traded fund to the mainland Chinese market through cross-border trading with Hong Kong, the firm announced Tuesday.

Premia Partners announced fee reduction for Premia Vietnam ETF and change of underlying index

May 1, 2024--Premia Partners, a leading ETF provider from Hong Kong, announces today fee reduction of its Premia Vietnam ETF (the ETF) and change of the underlying index to S&P Vietnam Core Index (USD) NTR (the index) with immediate effect.

IMF-Asia's Growth and Inflation Outlook Improves, but Risks Remain

April 29, 2024--The regional outlook has strengthened as price pressures have moderated, although China's property market correction and geoeconomic fragmentation remain key risks.
The outlook for Asia and the Pacific in 2024 has brightened: we now expect that the region's economy will slow less than we previously projected as inflation pressures continue to dissipate.

MetaComp Announces Strategic Partnership with Harvest Global Investments to Explore Bringing HK-Listed ETFs to Investors in Singapore and Beyond

April 29, 2024--MetaComp Pte Ltd, a leading Monetary Authority of Singapore (MAS) licensed Singapore fintech company that specializes in blockchain technology and digital assets, and its affiliates (collectively referred as MetaComp), is proud to announce a strategic partnership with Harvest Global Investments Limited (HGI), a leading asset management company licensed with the Securities and Futures Commission of Hong Kong.

Option2Trade Becomes Attractive Hong Kong Set to Approve First Spot Bitcoin (BTC) ETF's, Alongside Ethereum ETF's Once Approved

April 11, 2024--In the rapidly evolving landscape of cryptocurrency investment, Option2Trade (O2T) has emerged as a platform of choice for traders seeking exposure to digital assets like Bitcoin (BTC) and Ethereum (ETH). As Hong Kong moves closer to approving its first spot Bitcoin ETFs, with Ethereum (ETH). ETFs to follow suit once approved, the attractiveness of Option2Trade (O2T) as a versatile trading platform is on the rise. In this article, we delve into the significance of Hong Kong's ETF approvals and their implications for Option2Trade (O2T) traders.

China's continued focus on the same export-driven model is bound to hit an impasse

April 2, 2024--China's 'Two Sessions'- the National People's Congress (NPC) and the National Committee of the Chinese People's Political Consultative Conference (CPPCC)- took place from 4-11 March in Beijing. Premier Li Qiang delivered his first 'work report' which marked both the beginning of a new era for China and the 75th anniversary of the People's Republic of China (PRC).

Five key takeaways from China's annual meeting of parliament

March 12, 2024--China is turning to 'future technologies' to boost is economy as it tries to turn the page on developers' struggles.
China's week-long meeting of the National People's Congress (NPC), which gathered some 3,000 delegates from the political, business and cultural elite in Beijing, has closed without the customary press conference by the country's premier.

S.Korea authorities discuss prospects for allowing spot bitcoin ETFs

March 8, 2024--March 4, 2024--South Korean authorities are discussing whether to allow sales of spot bitcoin exchange-traded funds (ETFs) in the country, the financial watchdog chief said on Tuesday.
"Among authorities, I am one of those who are positive about virtual assets, while there are others who are wary, and we need to hear their opinions as well.

Phillip Capital Management partners China Universal Asset Management to launch mainland-linked ETF

March 7, 2024--Phillip Capital Management has partnered with China Universal Asset Management (CUAM) to launch the Phillip-China Universal MSCI China A 50 Connect exchange-traded fund (ETF).
The product will be listed on the Singapore Exchange S68-(SGX) on March 20, with the initial offering period from March 4 to March 14.

Pacific Economic Growth Slowing After Post-Pandemic Rebound

March 5, 2024--Investment in education critical to address significant learning gaps, foster sustainable growth, report finds.
Growth in Pacific island countries is estimated to have slowed in 2023 and is forecast to continue to decelerate in 2024 and 2025 as the temporary boost from the COVID-19 pandemic recovery fades and fiscal policies begin to tighten, the World Bank said in its semi-annual economic outlook for 11 Pacific island countries.

China cuts key interest rate in the latest move to boost its ailing property sector

February 20, 2024--China's central bank announced Tuesday that it cut its 5-year loan prime rate while leaving its 1-year rate unchanged in the latest move to ease pressures on the ailing property market.

Solactive and KB Asset Management Partner for the First Time with ETF Launch Tracking Realty Income Index

February 20, 2024--Solactive is delighted to announce KB Asset Management's introduction of the KB KBSTAR Global Realty Income ETF in Korea, tracking the Solactive Global Realty Income Index, marking the initiation of partnership and further expanding Solactive’s presence in the region.
The Solactive Global Realty Income Index comprises REIT securities known for their appealing dividend payments. Notably, Realty Income Corp and the Macquarie Korean Infrastructure Fund (MKIF) are included as fixed components.

JPMorgan AM to join China 'fundraising war' for CSI A50 ETFs

January 15, 2024--Move marks first time a 100% foreign-owned enterprise will compete directly with domestic managers at a launch
JPMorgan Asset Management's China retail asset management subsidiary will go head to head with about half a dozen top local fund houses after the Lunar New Year holiday to raise money for exchange traded funds that track a newly established index.

IMF Staff Country Report-People's Republic of China: Selected Issues

February 12, 2024--Summary:
SMOOTHING THE PATH TO A NEW NORMAL: CHINA'S PROPERTY SECTOR TRANSITION1
The Chinese authorities have taken resolute actions to address the risks from the property sector since the start of the pandemic. The key challenge now is to smooth the transition of the sector to a smaller, more sustainable size amid unresolved financial distress among developers, weakened home buyer confidence, and a backdrop of large inventories and structurally declining demand.

Japan: Staff Concluding Statement of the 2024 Article IV Mission

February 8, 2024--The Japanese economy continues to recover from the pandemic. Initially driven by cost-push factors, inflation is becoming demand driven with the output gap closed and labor shortages intensifying . In the near term, the focus should shift to tighten fiscal policy and wind down unconventional monetary policy, while maintaining financial stability.

IMF Staff Country Report-People's Republic of China: 2023 Article IV Consultation-Press Release

February 2, 2024--Summary:
China has enjoyed decades of impressive growth, which has significantly improved living standards and largely eradicated extreme poverty. The growth has, however, been accompanied by widening imbalances and rising vulnerabilities, as excessive investment in infrastructure and housing has resulted in rising debt levels among property developers, local governments (LG), and local government financing vehicles (LGFVs).

China's Real Estate Sector: Managing the Medium-Term Slowdown

February 2, 2024--Accelerated cleanup of distressed developers and other policies will help smooth the path to a smaller, more sustainable role in the economy
Real estate has long been important for China's economy, driving its rapid growth in recent decades and accounting for as much as 20 percent of activity.

IMF Staff Country Report-Thailand: 2023 Article IV Consultation

January 30, 2024--Thailand's economic recovery from the COVID-19 pandemic and multiple shocks in 2022 is continuing, amid elevated uncertainty.
Growth is projected at 2.5 percent in 2023, broadly on par with 2022, while inflation is expected to remain well-within the authorities' target range.

'Snowball' derivatives feed China's stock market avalanche

January 23, 2024--China's plunging stock market is leading to losses on billions of dollars worth of derivatives linked to the country's equity indexes, forcing a vicious cycle of selling in stocks and futures contracts as market participants manage their risks.

Homegrown asset managers grab limelight in Asia ETF boom

January 19, 2024---ChinaAMC, E Fund and Taiwan’s Yuanta have been among the biggest beneficiaries in the Asia-Pacific
Double-digit growth in exchange traded fund assets across many Asia-Pacific markets last year helped a handful of local fund firms strengthen their position as market leaders.

China's $6.3 Trillion Stock Selloff Is Getting Uglier by the Day

January 19, 2024---Property sector's slump and geopolitical risks are negatives
China's valuation discount to India hit a record this week
Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.

China's Economy Grew 5.2% in 2023, Chinese Premier Li Qiang Says

January 16, 2024--The National Statistics Bureau is due to publish 2023 growth figures on Wednesday
China's economy grew around 5.2% in 2023, Chinese Premier Li Qiang said Tuesday, a day before the country's statistics agency is due to release full-year growth figures.