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President Xi Jinping said on Sunday that China will consolidate and enhance the positive trend of its economic recovery in 2024, and sustain long-term economic development with deeper reforms. In a televised speech to mark the New Year, Xi said China would deepen reforms to shore up confidence in the economy. Xi said China will "consolidate and enhance the positive trend of economic recovery, and achieve stable and long-term economic development," Xi said.

China will consolidate and strengthen the country's economic recovery in 2024, President Xi Jinping said on Sunday In a televised speech to mark the New Year, Xi said China would deepen... -December 31, 2023 at 06:15 am EST - MarketScreener

BEIJING (Reuters) - President Xi Jinping said on Sunday that China will consolidate and enhance the positive trend of its economic recovery in 2024, a...

Chinese tech giant Huawei Technologies expects to report revenue exceeding 700 billion yuan ($98.5 billion) for 2023, according to comments from rotating chairman Ken Hu in an internal new year message seen by Reuters. The forecast offers further evidence that Huawei is rebounding after U.S. sanctions starting in 2019 crippled some of its business lines by restricting access to critical global technologies such as advanced chips. In the message sent to staff, Hu said Huawei's device business segment, which includes its smartphone business, had performed better than expected in 2023.

BEIJING (Reuters) -Chinese smartphone maker Xiaomi took the wraps off its first electric vehicle on Thursday and promptly announced it was aiming to become one of world's top five automakers. But the car is making its debut at a time when the world's largest auto market is wrestling with a capacity glut and slowing demand that have stoked a bruising price war. That didn't stop Xiaomi Chief Executive Lei Jun outlining big ambitions that include building "a dream car comparable to Porsche and Tesla".