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By Jing Xuan TENG SHANGHAI, Jan 25, 2024 (AFP) – Clean-energy projects were the largest driver of China’s economic growth in 2023, with Beijing investing nearly as much in decarbonisation infrastructure as total global investment in fossil fuels, according to a report released Thursday. China is the world’s biggest emitter of greenhouse gases driving climate change, but it is also the top producer of wind and solar energy. Faced with soaring energy consumption, the country […]
(Eagle News)—The Palace on Thursday, May 9, said the future “looks bright” for the Philippines despite the country’s Gross Domestic Product growth slowdown in the first quarter of 2019. In a statement, Presidential Spokesperson Salvador Panelo said the 5.6 percent Gross Domestic Product growth, a four-year low, was caused by the budget impasse which “has now been resolved.” He added the slowdown was also due to a “nearly flat agriculture output posting 0.8 percent, which […]
(Eagle News)–The country’s gross domestic product growth slowed to 5.6 percent in the first quarter of 2019, the Philippine Statistics Authority said on Thursday, May 9. The PSA said this was slower than the 6.5 percent growth recorded in the first quarter of 2018. According to the PSA, trade and repair of motor vehicles, motorcycles, personal and household goods; manufacturing; and financial intermediation were the main drivers of growth for the quarter. Services, the PSA […]
HANOI, Vietnam (AFP) — Vietnam’s growth slowed in the third quarter, data showed Friday, with a warning that the export-led economy could soon be caught up in Donald Trump’s trade war with China. Vietnam is one of Asia’s fastest growing economies — GDP growth has topped five percent over the past five years — largely driven by the export of cheap goods such as Adidas trainers, Intel computer processors and Samsung phones. Though it is […]
BEIJING, China (Reuters) — China’s economy grew faster than expected in the second quarter as industrial output and consumption picked up and investment remained strong, the National Bureau of Statistics said on Monday (July 17). The economy grew 6.9 percent in the second quarter from a year earlier, the same rate as the first quarter, but analysts expect slower growth over the rest of the year as policymakers seek to reduce financial risk. Analysts polled by […]
MANILA, Dec. 1 – The Gross Domestic Product (GDP) grew year-on-year by 7.1 percent in the third quarter of 2016. This growth is driven by Manufacturing, Trade, and Real Estate, Renting and Other Business Activities. This is higher than the growth rates of 7.0 percent in the second quarter of 2016 and 6.2 percent in the third quarter of 2015. Among the major sectors, Services posted a growth of 6.9 percent in the third quarter of 2016, lower than the 7.2 percent growth in the previous […]
