In 2023, China demonstrated significant growth in various sectors of its economy, according to multiple reports. The National Energy Administration reported that China accounted for over 50% of the world's installed renewable energy capacity. The banking sector disbursed nearly 10 trillion yuan ($1.41 trillion) in loans to the property sector, with 3 trillion yuan for property development and 6.4 trillion yuan for individual mortgages. China's non-financial outbound direct investment (ODI) increased by 16.7% year-on-year in yuan terms. The Ministry of Commerce noted that foreign direct investment in China reached $163.25 billion, the third highest ever. Additionally, China's international trade in goods and services in December 2023 rose by 2% year-on-year to 4.34 trillion yuan ($610.63 billion). The software and IT services industry saw a 13.4% increase in business revenues, totaling 12.33 trillion yuan (about $1.73 trillion), with gross profits up 13.6%. The China Development Bank issued 3.08 trillion yuan (about $433 billion) in loans, half of which supported infrastructure projects. Despite these growth figures, the country experienced its first annual decline in outstanding personal mortgage loans in nearly two decades, dropping by 1.6%.
Microsoft’s $MSFT intelligent cloud revenue has grown at a 16.8% CAGR since FY14, from just under $22 billion to nearly $88 billion in FY23. https://t.co/MOhYQ8fDPJ
China’s outstanding personal mortgage loans edged down 1.6% in 2023, according to government data, marking the first annual decline in nearly two decades. https://t.co/0aC5RhPAP3
China Development Bank, one of the country's policy banks, issued a total of 3.08 trillion yuan (about $433 billion) of loans in 2023, with nearly half focused on infrastructure development, providing financial support for China's key projects in sectors such as water transfer. https://t.co/AM6kvcD1mg
China's software and information technology services industry raked in 12.33 trillion yuan (about $1.73 trillion) in business revenues in 2023, up 13.4% YoY. The sector's gross profits totaled nearly 1.46 trillion yuan last year, up 13.6% YoY, the latest government data showed. https://t.co/xNXEEFjhB6
Q3’s endpoint security growth was led by CrowdStrike $CRWD, Palo Alto $PANW, and Microsoft $MSFT, who all saw growth rates above 29%. CrowdStrike commands more than 20% of the endpoint security market, compared to 9.9% for Trend Micro and 9.6% for Palo Alto. https://t.co/qoYGdW2Nmh https://t.co/UHzfW6KBxi
China's international trade in goods and services totaled 4.34 trillion yuan ($610.63 billion) in December 2023, up 2% year on year, the State Administration of Foreign Exchange said Friday. https://t.co/1GegP95ETU
China added more solar panels last year than any other country, adding to a massive renewable energy fleet that’s already leading the world by a wide margin https://t.co/1YJGYLVXCe
Foreign direct investment (#FDI) in the Chinese mainland, in actual use, totaled $163.25 billion in 2023, the third highest in history. China's non-financial outbound direct investment (#ODI) in yuan terms expanded 16.7% YoY in the same period: Ministry of Commerce, Friday https://t.co/ejESPkNA2I
🔴 CHINA'S COMMERCE MINISTER REPORTS: CHINA'S NON-FINANCIAL OUTBOUND DIRECT INVESTMENT TO INCREASE BY 16.7% YEAR ON YEAR IN YUAN TERMS BY 2023.
🔴 CHINA'S NON-FINANCIAL OUTBOUND DIRECT INVESTMENT IN 2023 INCREASES BY 167% YEAR ON YEAR IN YUAN TERMS.
China's banking sector provided nearly 10 trillion yuan ($1.41 trillion) in loans to the property sector in 2023. Loans for property development stood at 3 trillion yuan, while those for individual mortgage loans stood at 6.4 trillion yuan, government data showed Thursday. https://t.co/lzcY8SB1i8
China Daily: According to China's National Energy Administration, China contributed over 50 percent of renewable energy capacity installed around the world in 2023. https://t.co/O4BZspSNFC