Biz Today China Plus

The National Bureau of Statistics says China's economic performance remained stable in May with improvements in major indicators, especially in high-tech manufacturing. However, the bureau also says challenges remain at home and abroad. What is the current state of the Chinese economy? What are the signals behind the indicators? And what has China done to cope with its current challenges (00:39)?
We'll also look at how the country is making efforts to boost innovation (20:24).

China says it's strongly dissatisfied with the European plan to impose provisional duties on imports of Chinese electric vehicles. What is behind this EU decision? What specific impacts will they have on China's new energy vehicle exports to the European market (00:40)?
Apple says ChatGPT will be accessible on its devices later this year (18:25).

OPEC+ has agreed to extend over 60 percent of its oil output cuts well into next year. Why is this extension needed(00:43)?
Congestion at Singapore port has escalated, leading to significant shipping delays and price surges. What does it mean for global supply chains (15:43)?

The International Monetary Fund expects China’s economy to grow 5% this year, raising its forecast from the previous 4.6%. The IMF credits this revision to China’s strong economic performance in the first quarter and a raft of new policy measures. What are the main drivers for China’s economy right now (00:40)?
China has set up its third investment fund to boost its chip industry. What will be the focal areas of the third phase of the Big Fund for its investment (16:33)?

China has announced historic steps to stabilize its property sector, including removing mortgage rate floors and lowering the minimum down payment ratios. What do these measures mean for China’s property sector? How has the market responded (00:40)?
Microsoft has announced its new products with a heavy focus on artificial intelligence. Meanwhile, the European Union has approved new landmark rules regarding artificial intelligence. How could companies balance safety and the pace of technology advancement in AI (20:04)?

US President Joe Biden has announced higher tariffs on Chinese goods. The increases apply to about 18 billion US dollars of imports from China, including electric vehicles, semiconductors and solar cells. China says the US decision to impose additional tariffs on Chinese imports is politicizing trade and economic issues. Will the US tariff hikes increase costs for US consumers? To what extent will it damage global industrial and supply chains (00:38)?
The OECD has recently given its updated forecast on global economic growth, which it expects to hit 3.1 % this year. What’s the current state of global economy (12:39)?