China's economy has shown strong growth in the fourth quarter of 2023, allowing the government to reach its target of approximately 5% annual growth for the year. Despite uneven trade data and an ongoing economic recovery, official figures released on Wednesday indicate that the Chinese economy expanded by 5.2% in 2023, surpassing the government's goal. This growth can be … [Read more...] about China’s Economy Grows at Quicker Rate, Hits Annual Growth Target for 2023
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South Korean Semiconductor Stocks Surge
South Korean semiconductor stocks experienced significant gains on Tuesday as foreign investors showed strong demand, driven by increasing optimism for a recovery in memory-chip prices. Chipmakers Samsung Electronics and SK Hynix Lead the Way Shares of chipmakers Samsung Electronics and SK Hynix outperformed the benchmark Kospi index, rising 3.1% and 4.8% respectively, while … [Read more...] about South Korean Semiconductor Stocks Surge
Meituan Reports Net Profit in Q2
Chinese tech company Meituan announced on Thursday that it had recorded a net profit in the second quarter, largely due to the increased demand for food delivery services. The company reported a net profit of 4.69 billion yuan ($644.4 million) for the period ending in June, a significant improvement from the net loss of CNY 1.12 billion it experienced during the same period … [Read more...] about Meituan Reports Net Profit in Q2
