Issue 1575 - 16.04.2024
26.04.2024

Uzbek head of state lauds relations with Tajikistan

In a reaffirmation of centuries-old ties, Uzbekistan and Tajikistan stand as pillars of friendship and cooperation, guided by shared history, culture, and values. President Shavkat Mirziyoyev of Uzbekistan eloquently described the bond between the two nations as akin to "two branches of one tree, two tributaries of one river." Avesta in Tajikistan, recently shared a publication by the Minister of Agriculture of Uzbekistan, the esteemed academician Ibrokhim Abdurakhmonov.

”The Uzbek and Tajik peoples are like two branches of one tree, two tributaries of one river. We have one religion, common land and water. We are together in joy and sorrow, united by a common destiny. Continuing the good traditions of our ancestors, we must strengthen and protect the friendship of our peoples." President Mirziyoyev voiced. 

Since the establishment of diplomatic relations in 1992, the two countries have signed over a hundred treaties and agreements, laying the foundation for cooperation in various fields including political, economic, and agricultural sectors. The treaties of Friendship, Good Neighborhood, and Cooperation, signed in 1993 and 2000, emphasized mutual respect, sovereignty, and territorial integrity.

The warmth of the relationship is evident in the frequent high-level meetings between the leaders of Uzbekistan and Tajikistan, fostering trust and understanding. Informal addresses such as "my dear brother" reflect the deep personal rapport between the leaders.

One of the significant milestones in recent years has been the opening of multiple checkpoints along the border, facilitating the movement of citizens and strengthening family ties between the two nations. This development has been celebrated by the people on both sides, symbolizing the tangible benefits of closer cooperation.

Agriculture stands as a cornerstone of collaboration, with both countries actively working together to enhance productivity and trade. Joint working groups, ministerial visits, and exchange programs highlight the commitment to agricultural development. From March 4 to 7, 2024, a delegation composed of representatives from the Ministry of Agriculture, various organizations, and entrepreneurs from Uzbekistan embarked on a business trip to Tajikistan. The visit included meetings with key officials from the Sughd and Khatlon regions, the Tajik Ministry of Agriculture, members of the Chamber of Commerce and Industry, and local entrepreneurs. 

The delegation also visited agricultural enterprises, vacant land areas, and facilities involved in processing agricultural and food products in these regions. This trip resulted in agreements in the agricultural sector, leading to a considerable increase in trade between Uzbekistan and Tajikistan. 

By the end of 2023, the total trade volume of agricultural and food products between the two countries amounted to $60.6mn. Uzbekistan's exports to Tajikistan reached $55.8mn, while imports from Tajikistan totaled $4.8mn. The exported products included a variety of items such as animal feed, fruits, vegetables, eggs, confectionery, live animals, oilseeds, meat products, and beverages. Conversely, imports consisted mainly of animal feed, live animals, fruits, vegetables, beverages, and confectionery products. Recognizing the importance of quality seeds and innovation in agriculture, both countries aim to enhance productivity and ensure bountiful harvests.

As a demonstration of the growing cooperation between Uzbekistan and Tajikistan, a project to establish a "Friendship Park" spanning 20 hectares in the city of Gissar is underway. The project, funded by the Uzbek Ministry of Agriculture at a cost of $300,000, began in May 2023 with the planting of intensive apple tree seedlings on 6 hectares. Currently, 22,000 seedlings have been delivered for the remaining 14 hectares, with ongoing planting efforts. Additionally, in Dushanbe, Pillai Tojik initiated a silk production project worth $5mn in December 2023, importing machinery from Uzbekistan and China and training Tajik workers.

Furthermore, collaborative endeavors include the establishment of a poultry feed production plant, rice cultivation, sheep breeding projects, and fruit and vegetable processing for export. These initiatives aim to bolster economic ties and foster mutual prosperity between the two nations.

An interdepartmental Road Map for 2024-2026, focused on expanding agricultural cooperation, has been developed and will be signed during an official visit to Tajikistan in April. This cooperation not only enhances economic development and job creation but also contributes to regional peace, stability, and security. Joint agricultural efforts play a crucial role in strengthening the friendly and mutually beneficial relations between Uzbekistan and Tajikistan.

Reported by Daryo (Uzbekistan).

Uzbekistan General

26.04.2024

Population density in Uzbekistan rises to 82 people per sq. km

According to the Statistics Agency, as of January 1, 2024, Uzbekistan had an average of 82 permanent residents per square kilometer.

This figure represents an average increase of 1.8 people compared to the same period last year (as of January 1, 2023, there were 80.2 people per square km).

As of January...

According to the Statistics Agency, as of January 1, 2024, Uzbekistan had an average of 82 permanent residents per square kilometer.

This figure represents an average increase of 1.8 people compared to the same period last year (as of January 1, 2023, there were 80.2 people per square km).

As of January...

26.04.2024

President of Uzbekistan advocates deepening cooperation with Gulf Cooperation Council

On 15 April, President of the Republic of Uzbekistan Shavkat Mirziyoyev received the Secretary General of the Gulf Cooperation Council Jassim bin Muhammad al-Budaiwi.

Issues of further development of constructive dialogue and strengthening interaction between Uzbekistan and the Council were considered.

The head of our state expressed satisfaction with the current dynamics...

On 15 April, President of the Republic of Uzbekistan Shavkat Mirziyoyev received the Secretary General of the Gulf Cooperation Council Jassim bin Muhammad al-Budaiwi.

Issues of further development of constructive dialogue and strengthening interaction between Uzbekistan and the Council were considered.

The head of our state expressed satisfaction with the current dynamics...

26.04.2024

Uzbekistan and Kuwait set up first joint Intergovernmental Commission

President Shavkat Mirziyoyev of Uzbekistan welcomed a delegation led by Abdulla Al-Yahya, the Minister of Foreign Affairs of the State of Kuwait on April 15.

The meeting, which took place amidst a gathering of foreign political leaders from Central Asian countries and Gulf Arab states, served as a platform to discuss...

President Shavkat Mirziyoyev of Uzbekistan welcomed a delegation led by Abdulla Al-Yahya, the Minister of Foreign Affairs of the State of Kuwait on April 15.

The meeting, which took place amidst a gathering of foreign political leaders from Central Asian countries and Gulf Arab states, served as a platform to discuss...

26.04.2024

World Bank sees Uzbekistan’s position among fastest-growing economies in the Europe and Central Asia region within reach

The World Bank has released the latest Europe and Central Asia Economic Update, assessing the economic situation in over 20 developing economies of Central and Eastern Europe, the Western Balkans, Central Asia, and the South Caucasus, as well as in Türkiye and Russia.

According to the report, Uzbekistan’s economy increased by...

The World Bank has released the latest Europe and Central Asia Economic Update, assessing the economic situation in over 20 developing economies of Central and Eastern Europe, the Western Balkans, Central Asia, and the South Caucasus, as well as in Türkiye and Russia.

According to the report, Uzbekistan’s economy increased by...

Finance and Investment

26.04.2024

Uzbekistan targets budget deficit within 3% limit as of 2025

In a strategic move to ensure macroeconomic stability, Uzbekistan has placed it at the forefront of its reforms for 2024. This declaration was made by First Deputy Adviser to the President of Uzbekistan, Timur Ishmetov, during a discussion on April 2, held by the Ministry of Economy and Finance to...

In a strategic move to ensure macroeconomic stability, Uzbekistan has placed it at the forefront of its reforms for 2024. This declaration was made by First Deputy Adviser to the President of Uzbekistan, Timur Ishmetov, during a discussion on April 2, held by the Ministry of Economy and Finance to...

26.04.2024

Sizzling trade activity keeps Uzbek stock market upright

Of the 22 highly liquid shares on the Republican Stock Exchange (RBF) Toshkent, 10 completed the past week in the red zone, nine securities rose in price, and the value of three instruments did not change. The UCI index went down only 0.01%.

The list of growing securities includes the Uzbek...

Of the 22 highly liquid shares on the Republican Stock Exchange (RBF) Toshkent, 10 completed the past week in the red zone, nine securities rose in price, and the value of three instruments did not change. The UCI index went down only 0.01%.

The list of growing securities includes the Uzbek...

26.04.2024

Sizzling trade activity keeps Uzbek stock market upright

Of the 22 highly liquid shares on the Republican Stock Exchange (RBF) Toshkent, 10 completed the past week in the red zone, nine securities rose in price, and the value of three instruments did not change. The UCI index went down only 0.01%.

The list of growing securities includes the Uzbek...

Of the 22 highly liquid shares on the Republican Stock Exchange (RBF) Toshkent, 10 completed the past week in the red zone, nine securities rose in price, and the value of three instruments did not change. The UCI index went down only 0.01%.

The list of growing securities includes the Uzbek...

26.04.2024

Uzbekistan partners with EBRD on €815mn projects across key sectors

Uzbekistan and the European Bank for Reconstruction and Development (EBRD) are jointly spearheading eight transformative projects valued at €815mn, the government portal of Uzbekistan reported. These projects span across vital sectors including water supply, education, energy, road reconstruction, transport, and solid waste processing.

The Minister of Investments, Industry, and Trade of Uzbekistan,...

Uzbekistan and the European Bank for Reconstruction and Development (EBRD) are jointly spearheading eight transformative projects valued at €815mn, the government portal of Uzbekistan reported. These projects span across vital sectors including water supply, education, energy, road reconstruction, transport, and solid waste processing.

The Minister of Investments, Industry, and Trade of Uzbekistan,...

26.04.2024

Uzbekistan secures $312mn from 25 PPP agreements in 1Q24

In the first quarter of 2024, Uzbekistan witnessed significant advancements in its public-private partnership (PPP) endeavors, marking a stride towards modernization and development, the Ministry of Economy and Finance of Uzbekistan reported. With 25 agreements and partnerships totaling $312mn, Uzbekistan is forging ahead in various sectors, promising economic growth and improved public...

In the first quarter of 2024, Uzbekistan witnessed significant advancements in its public-private partnership (PPP) endeavors, marking a stride towards modernization and development, the Ministry of Economy and Finance of Uzbekistan reported. With 25 agreements and partnerships totaling $312mn, Uzbekistan is forging ahead in various sectors, promising economic growth and improved public...

26.04.2024

UAE investments in Uzbekistan boost $4 bn project portfolio

President Shavkat Mirziyoyev of Uzbekistan welcomed a delegation headed by Suhail Al-Mazrui, the Minister of Energy and Infrastructure of the United Arab Emirates (UAE), on April 15. This visit coincided with the ongoing second meeting of the Central Asia-Gulf Arab States Cooperation Council ministerial dialogue, presidential press service informed. 

Minister Al-Mazrui conveyed...

President Shavkat Mirziyoyev of Uzbekistan welcomed a delegation headed by Suhail Al-Mazrui, the Minister of Energy and Infrastructure of the United Arab Emirates (UAE), on April 15. This visit coincided with the ongoing second meeting of the Central Asia-Gulf Arab States Cooperation Council ministerial dialogue, presidential press service informed. 

Minister Al-Mazrui conveyed...

26.04.2024

Uzbekistan and Bahrain to form business council of leading companies

President Shavkat Mirziyoyev of Uzbekistan convened with Bahrain's Foreign Affairs Minister, Abdullatif bin Rashid al-Zayani, during the second gathering of foreign ministers from Central Asian and Gulf Arab states in Tashkent on April 15. This meeting aimed to deepen bilateral relations and foster collaborative frameworks, presidential press service informed.

Minister al-Zayani conveyed...

President Shavkat Mirziyoyev of Uzbekistan convened with Bahrain's Foreign Affairs Minister, Abdullatif bin Rashid al-Zayani, during the second gathering of foreign ministers from Central Asian and Gulf Arab states in Tashkent on April 15. This meeting aimed to deepen bilateral relations and foster collaborative frameworks, presidential press service informed.

Minister al-Zayani conveyed...

26.04.2024

Greenback retreats in Uzbekistan

The dollar exchange rate on the currency exchange on April 15 fell by 12.43 soum to 12,654.57 soum – thereby setting the US national currency rate at the Uzbek Central Bank.

Commercial banks of Uzbekistan bought the dollar for 12,590-12,650 soum and sold it for 12,680-12,730 soum.

On April 9, the official...

The dollar exchange rate on the currency exchange on April 15 fell by 12.43 soum to 12,654.57 soum – thereby setting the US national currency rate at the Uzbek Central Bank.

Commercial banks of Uzbekistan bought the dollar for 12,590-12,650 soum and sold it for 12,680-12,730 soum.

On April 9, the official...

26.04.2024

UK, US stock markets take dive, EU markets up as greenback halts advance

The dollar retreated slightly from a five-month high on Monday, after its biggest weekly gain since 2022, as the prospect of stubbornly high U.S. interest rates and escalating conflict in the Middle East gave support.

The U.S. currency rose 1.6% against a basket of six major currencies last week after a...

The dollar retreated slightly from a five-month high on Monday, after its biggest weekly gain since 2022, as the prospect of stubbornly high U.S. interest rates and escalating conflict in the Middle East gave support.

The U.S. currency rose 1.6% against a basket of six major currencies last week after a...

Oil and Gas Sector

26.04.2024

Brent retreats below $90/b threshold as Middle East tensions ease

Oil prices slipped by about 1% on Monday, with the market downplaying the risk of broader regional conflagration after Iran's weekend attack on Israel.

Brent futures for June delivery fell 99 cents, or about 1%, to $89.46 a barrel by 0933 GMT while West Texas Intermediate (WTI) futures for May delivery...

Oil prices slipped by about 1% on Monday, with the market downplaying the risk of broader regional conflagration after Iran's weekend attack on Israel.

Brent futures for June delivery fell 99 cents, or about 1%, to $89.46 a barrel by 0933 GMT while West Texas Intermediate (WTI) futures for May delivery...

Agriculture

26.04.2024

Overpriced greenback keeps US grain futures subdued

Chicago wheat futures fell on Monday as a strong dollar made U.S. exports more expensive for overseas buyers, while other currencies and large shipments from Russia underlined plentiful global supply.

Corn and soybean futures also edged lower.

The most-active wheat contract on the Chicago Board of Trade (CBOT) was down 0.5% at...

Chicago wheat futures fell on Monday as a strong dollar made U.S. exports more expensive for overseas buyers, while other currencies and large shipments from Russia underlined plentiful global supply.

Corn and soybean futures also edged lower.

The most-active wheat contract on the Chicago Board of Trade (CBOT) was down 0.5% at...

Metals and Minerals

26.04.2024

Uzbek NGMK logs output worth 19.5 trillion soum in Q1

In January-March 2024, Navoi Mining and Metallurgical Combine JSC (NGMK) posed output worth 19.5 trillion soum.

Under the Investment Programme, funds worth US$220.1 million were disbursed. 126 new jobs were created.

Within the framework of the Localisation Programme, output worth 236 billion soum was produced, while products worth over 1.4 trillion soum...

In January-March 2024, Navoi Mining and Metallurgical Combine JSC (NGMK) posed output worth 19.5 trillion soum.

Under the Investment Programme, funds worth US$220.1 million were disbursed. 126 new jobs were created.

Within the framework of the Localisation Programme, output worth 236 billion soum was produced, while products worth over 1.4 trillion soum...

26.04.2024

Uzbekistan’s NGMK to will receive 10 Komatsu dump trucks in 2024

Navoi Mining and Metallurgical Combine JSC (NGMK) will update its fleet with ten large-capacity Komatsu 860E-1K dump trucks with a carrying capacity of 254 tons in 2024, the company’s press service said.

To date, four such dump trucks have already been delivered, the first of which was assembled by specialists from...

Navoi Mining and Metallurgical Combine JSC (NGMK) will update its fleet with ten large-capacity Komatsu 860E-1K dump trucks with a carrying capacity of 254 tons in 2024, the company’s press service said.

To date, four such dump trucks have already been delivered, the first of which was assembled by specialists from...

26.04.2024

Bullion, silver shine brighter and brighter as volatility in other markets persists

Gold prices edged up on Monday, hovering below a record high hit in the previous session, as escalating tensions in the Middle East lifted bullion's safe-haven appeal.

Spot gold was up 0.3% at $2,350.59 per ounce, as of 0056 GMT. Bullion hit an all-time high of 2,431.29 on Friday.

U.S. gold futures...

Gold prices edged up on Monday, hovering below a record high hit in the previous session, as escalating tensions in the Middle East lifted bullion's safe-haven appeal.

Spot gold was up 0.3% at $2,350.59 per ounce, as of 0056 GMT. Bullion hit an all-time high of 2,431.29 on Friday.

U.S. gold futures...

26.04.2024

Ferrous, coal benchmarks advance on China outlook

Iron ore futures prices extended their rise to hit the highest level in multiple weeks on Monday, bolstered by an obvious reduction in shipments and hopes that top consumer China will roll out more stimulus to prop up its economy.

The most-traded September iron ore contract on China’s Dalian Commodity Exchange...

Iron ore futures prices extended their rise to hit the highest level in multiple weeks on Monday, bolstered by an obvious reduction in shipments and hopes that top consumer China will roll out more stimulus to prop up its economy.

The most-traded September iron ore contract on China’s Dalian Commodity Exchange...

26.04.2024

Aluminium, copper, tin lead base metal hike

Aluminium prices soared to 22-month highs on Monday and nickel to seven-month peaks after the U.S. and Britain banned the London Metal Exchange and CME from accepting new Russian production of the two metals

Benchmark aluminium on the LME rose 2.1% to $2,546 a metric ton in official rings from an...

Aluminium prices soared to 22-month highs on Monday and nickel to seven-month peaks after the U.S. and Britain banned the London Metal Exchange and CME from accepting new Russian production of the two metals

Benchmark aluminium on the LME rose 2.1% to $2,546 a metric ton in official rings from an...

Energy Industry

26.04.2024

Kazakhstan, Kyrgyzstan and Uzbekistan conclude agreement on construction of Kambarata HPP-1 in Kyrgyzstan

The governments of Kazakhstan, Kyrgyzstan and Uzbekistan will enter into an agreement on the construction of the Kambarata hydroelectric power station (HPP-1) on the Naryn River in Kyrgyzstan.

“The purpose of this agreement is to determine the terms of cooperation between the parties within the framework of the implementation of the...

The governments of Kazakhstan, Kyrgyzstan and Uzbekistan will enter into an agreement on the construction of the Kambarata hydroelectric power station (HPP-1) on the Naryn River in Kyrgyzstan.

“The purpose of this agreement is to determine the terms of cooperation between the parties within the framework of the implementation of the...

Communications and Transportation

26.04.2024

China Southern Airlines resumes direct flights from Samarkand to Urumqi

Direct flights from Samarkand to Urumqi, the largest industrial and commercial city in China, will resume from 21 April, the press service of Air Marakanda LLC said in a statement.

China Southern Airlines flights will operate once a week on Sundays, departing from Samarkand at 1:30 (local time).

Reported by the

Direct flights from Samarkand to Urumqi, the largest industrial and commercial city in China, will resume from 21 April, the press service of Air Marakanda LLC said in a statement.

China Southern Airlines flights will operate once a week on Sundays, departing from Samarkand at 1:30 (local time).

Reported by the Uzbekistan...

Real Estate and Construction

26.04.2024

Uzbekistan and Kazakhstan launch E-Permit for international cargo transportation system

Much attention is paid to improving conditions in international road freight transportation between Uzbekistan and Kazakhstan and the widespread introduction of digital technologies into the system.

E-Permit, an electronic system for exchanging permit forms, has been introduced to speed up cargo transportation between Uzbekistan and Kazakhstan.

Specialists from the Digital Transport Center...

Much attention is paid to improving conditions in international road freight transportation between Uzbekistan and Kazakhstan and the widespread introduction of digital technologies into the system.

E-Permit, an electronic system for exchanging permit forms, has been introduced to speed up cargo transportation between Uzbekistan and Kazakhstan.

Specialists from the Digital Transport Center...

Regional News

26.04.2024

China's industrial output up 6.1 pct in Q1

China's value-added industrial output, an important economic indicator, went up 6.1 percent year on year in the first quarter of this year, data from the National Bureau of Statistics (NBS) showed Tuesday.

By category, output of the manufacturing sector grew by 6.7 percent. The high-tech manufacturing sector registered a growth of...

China's value-added industrial output, an important economic indicator, went up 6.1 percent year on year in the first quarter of this year, data from the National Bureau of Statistics (NBS) showed Tuesday.

By category, output of the manufacturing sector grew by 6.7 percent. The high-tech manufacturing sector registered a growth of...

26.04.2024

Georgia moves closer to Central Asian countries

Uzbekistan, Turkmenistan and Kazakhstan stand for the territorial integrity of Georgia this is what the top officials of these countries said at meetings with the Chairman of the Georgian Parliament Shalva Papuashvili, who visited Tashkent, Ashgabat and Astana during a tour from April 7 to 13. During the negotiations with...

Uzbekistan, Turkmenistan and Kazakhstan stand for the territorial integrity of Georgia this is what the top officials of these countries said at meetings with the Chairman of the Georgian Parliament Shalva Papuashvili, who visited Tashkent, Ashgabat and Astana during a tour from April 7 to 13. During the negotiations with...

26.04.2024

Russia invests in concrete and machine tools

Analysts from the Institute for Emerging Economies of the Central Bank of Finland (BOFIT) presented a study of the dynamics of investment in the Russian economy by their directions and sources. Rosstat, we recall, estimates the growth of capital investment in the economy in Russia at 9.8% in 2023 and...

Analysts from the Institute for Emerging Economies of the Central Bank of Finland (BOFIT) presented a study of the dynamics of investment in the Russian economy by their directions and sources. Rosstat, we recall, estimates the growth of capital investment in the economy in Russia at 9.8% in 2023 and...

26.04.2024

Dividend expectations save Russian market from falling

The mood on foreign markets today is predominantly negative. “Last week there were disappointing inflation data and a very conservative forecast for the US monetary policy. As a result, many well-known investment houses, for example, Wells Fargo and UBS, began to shift their expectations for the first rate cut from...

The mood on foreign markets today is predominantly negative. “Last week there were disappointing inflation data and a very conservative forecast for the US monetary policy. As a result, many well-known investment houses, for example, Wells Fargo and UBS, began to shift their expectations for the first rate cut from...

26.04.2024

Oil prices boost Russian exports in March

The low performance of Russian foreign trade at the beginning of the year gave way to growth in March: according to the Central Bank, the balance of trade in goods in the balance of payments more than doubled compared to February, to $16.9 billion. This is likely due to higher...

The low performance of Russian foreign trade at the beginning of the year gave way to growth in March: according to the Central Bank, the balance of trade in goods in the balance of payments more than doubled compared to February, to $16.9 billion. This is likely due to higher...

26.04.2024

Area of vineyards in Russia increases by 6 thousand hectares over year

The area of vineyards in Russia in 2023 expanded by 6 thousand hectares and reached 105 thousand hectares. This year it will also increase by 6 thousand hectares, the Ministry of Agriculture predicts.

“The industry has shown good growth rates in recent years; now the area of vineyards in Russia is...

The area of vineyards in Russia in 2023 expanded by 6 thousand hectares and reached 105 thousand hectares. This year it will also increase by 6 thousand hectares, the Ministry of Agriculture predicts.

“The industry has shown good growth rates in recent years; now the area of vineyards in Russia is...

26.04.2024

Bears stick with yuan despite upbeat economic data

China's yuan weakened on Monday, pressured by the dollar that stayed near six-week highs, despite the latest data signalling the economy's recovery is gaining traction and the central bank's sustained efforts to stabilise the currency.

Some analysts said the recovery needed to be stronger for the yuan to benefit and also...

China's yuan weakened on Monday, pressured by the dollar that stayed near six-week highs, despite the latest data signalling the economy's recovery is gaining traction and the central bank's sustained efforts to stabilise the currency.

Some analysts said the recovery needed to be stronger for the yuan to benefit and also...

26.04.2024

Mainland China stock markets surge as Hong Kong retreats

China stocks had a good start to the week, with major indexes closing higher on Monday as investors interpreted the new guidelines on the country’s capital market as a positive signal for the stock market. Hong Kong shares declined.

China’s securities regulator issued draft rules on Friday to strengthen the supervision...

China stocks had a good start to the week, with major indexes closing higher on Monday as investors interpreted the new guidelines on the country’s capital market as a positive signal for the stock market. Hong Kong shares declined.

China’s securities regulator issued draft rules on Friday to strengthen the supervision...

26.04.2024

China's fixed-asset investment up 4.5 pct in Q1

China's fixed-asset investment rose 4.5 percent year on year in the first quarter of this year, official data showed Tuesday.

The growth accelerated from a rise of 4.2 percent in the January-February period and 3 percent for the whole year of 2023, according to the National Bureau of Statistics (NBS).

Investment in...

China's fixed-asset investment rose 4.5 percent year on year in the first quarter of this year, official data showed Tuesday.

The growth accelerated from a rise of 4.2 percent in the January-February period and 3 percent for the whole year of 2023, according to the National Bureau of Statistics (NBS).

Investment in...

26.04.2024

China's GDP expands 5.3 pct year on year in Q1

China's gross domestic product (GDP) grew 5.3 percent year on year in the first quarter of 2024, data from the National Bureau of Statistics (NBS) showed Tuesday.

The country's GDP reached 29.63 trillion yuan (about 4.17 trillion U.S. dollars) during this period, the NBS data showed.

On a quarterly basis, the economy...

China's gross domestic product (GDP) grew 5.3 percent year on year in the first quarter of 2024, data from the National Bureau of Statistics (NBS) showed Tuesday.

The country's GDP reached 29.63 trillion yuan (about 4.17 trillion U.S. dollars) during this period, the NBS data showed.

On a quarterly basis, the economy...