EUR/USD
1.18118
0.113%
Gold
4828.42
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Oil
88.130
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158.685
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1.35803
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Real-time News
On April 16th, Mao Shengyong, Deputy Director of the National Bureau of Statistics, stated that domestic demand contributed 84.7% to GDP growth in the first quarter, an increase of nearly 30 percentage points year-on-year. Imports of consumer goods grew by 5.4% in the first quarter, indicating a gradual recovery in domestic market demand and creating conditions for sustained economic growth. In particular, the potential of service consumption is being gradually released, and relevant departments have introduced policies to continuously support and encourage the accelerated development of related industries.Hong Kong stocks continued to rise, with the Hang Seng Tech Index up 3% and the Hang Seng Index up 1.38%. Technology stocks performed strongly, with Baidu (09888.HK) up 7.6%, NetEase-S (09999.HK) and Alibaba (09988.HK) up 4.6%.On April 16, Mao Shengyong, Deputy Director of the National Bureau of Statistics, stated at a press conference held by the State Council Information Office that, based on years of experience, regardless of changes in the external environment, even during the pandemic when the market worried about the sustainability of my countrys foreign trade, my countrys imports and exports have remained strong. This is attributed to enterprises efforts to improve their internal capabilities, enhance the technological content of their products, and increase their overall competitiveness. Overall, my countrys imports and exports still have the potential to maintain relatively good growth.On April 16, Mao Shengyong, deputy director of the National Bureau of Statistics, said at a press conference held by the State Council Information Office that the output of medium and high-end equipment such as generator sets and railway locomotives grew rapidly in the first quarter, increasing by 15.1% and 63.8% respectively.Hong Kong-listed AI application stocks rose, with DeepTech (01384.HK) up over 21%, MyFT (02556.HK) up over 13%, Pony.ai-W (02026.HK) up over 10%, and Kingdee International (00268.HK) and Baidu (09888.HK) up 6.8%.
