Core Viewpoint - Jiangsu Province is one of the wealthiest provinces in China, with a GDP exceeding 10 trillion yuan since 2020 and projected to reach 13.70 trillion yuan by 2024, making it one of only two provinces alongside Guangdong to surpass this threshold [1][2]. Economic Overview - Jiangsu's GDP in 2020 was only 92.5% of Guangdong's, but by 2024, it is expected to reach 96.7% of Guangdong's GDP [1]. - The per capita GDP in Jiangsu is projected to be 160,700 yuan in 2024, significantly higher than Guangdong's 97,600 yuan, ranking first among all provinces [1]. City-Level Analysis - Jiangsu has 13 prefecture-level cities, all of which are ranked among the top 100 cities in China [1]. - Suzhou leads in GDP among Jiangsu cities with a projected 26,700 billion yuan in 2024, followed by Nanjing at 18,500 billion yuan and Nantong at 16,300 billion yuan [2]. - The cities of Suzhou, Wuxi, and Changzhou, known as the "Taihu Three Dominators," have per capita GDPs exceeding 200,000 yuan, ranking them among the top three in Jiangsu [5]. Fiscal Performance - In terms of fiscal revenue, Suzhou is expected to generate 245.91 billion yuan in 2024, significantly higher than Nanjing and Wuxi, which both exceed 100 billion yuan [8]. Population Metrics - Suzhou has the highest permanent resident population in Jiangsu, projected to reach 12.987 million by the end of 2024, while Nanjing's population is expected to be 9.577 million [11]. Living Standards - Suzhou also leads in disposable income, with a projected figure of 77,500 yuan in 2024, followed by Nanjing and Wuxi, both exceeding 70,000 yuan [14].

[Music] Greetings everyone. It is uh in the know day as well employment Friday uh and uh we have a lot to discuss as usual we'll we'll go through fiscal policy monetary policy economic indicators market indicators and uh we'll talk a little bit about uh some real breakthroughs in terms of uh the market recognizing how much innovation is taking place. Um so uh starting w with fiscal policy and I'll I'll go through and and just uh make a few observations before we flip to charts.So um on fiscal policy, well t ...

英国财政大臣里夫斯：最新的GDP和商业调查显示，我们正开始扭转局面。 ...

金十数据6月5日讯，据外媒报道，美国4月份的贸易逆差创下历史最大降幅，主要原因是进口大幅减 少，这表明一些公司在高额关税实施前提前大量囤积商品的现象突然结束。美国商务部数据显示，商品 和服务贸易逆差较上月缩小了55.5%，降至616亿美元，为2023年以来最低水平，并且完全逆转了第一 季度逆差急剧扩大的情况。4月份贸易逆差的急剧缩小有望使贸易在第二季度对GDP做出重大贡献，此 前贸易逆差扩大，在很大程度上导致一季度年化GDP下降了0.2%。 美国贸易逆差创历史最大降幅 ...

6月5日消息，韩国第一季度GDP同比持平，预估下降0.1%；第一季度GDP环比下降0.2%，预估为 0.2%。 ...

智通财经6月5日电，韩国第一季度GDP同比持平，预估为-0.1%。 ...

May 30, 2025 01:48 PM GMT US Economics | North America Slowing inflation, spending holding up Core PCE was slightly lower than expected in April, showing a clear downward trend before the tariff impulse. Real spending was slightly stronger than expected, though Q1 spending was revised down. Income growth was strong due to one-time payments. The trade deficit narrowed as imports fell sharply. | M Slowing inflation, spending | Chief US Economist Michael.Gapen@morganstanley.com | +1 212 761-0571 | | --- | --- ...

澳大利亚一季度GDP同比 1.3%，预期 1.5%，前值 1.3%。 ...

Group 1 - South Korea's manufacturing activity has contracted for the fourth consecutive month in May, with the manufacturing Purchasing Managers' Index (PMI) slightly rising to 47.7 from 47.5 in April, remaining below the neutral level of 50, indicating ongoing contraction in the sector [1] - The contraction in South Korea's manufacturing is attributed to weak domestic demand and the impact of increased U.S. trade tariffs, with new orders experiencing the largest decline since June 2020 and factory output decreasing at the fastest rate in two and a half years [1] - The Bank of Korea has initiated its fourth rate cut in the current easing cycle, lowering the economic growth forecast for the year from 1.5% to 0.8%, reflecting the pressures from weak domestic consumption and the adverse effects of U.S. tariff policies on exports [2] Group 2 - The economic outlook for South Korea is becoming increasingly pessimistic, with global investment banks predicting growth expectations below 1%, and the average growth rate forecast dropping to the 0.9% range within four weeks [2] - Manufacturing activity across much of Asia has slowed due to uncertainties surrounding U.S. tariffs, with Japan's manufacturing PMI at 49.4 in May, indicating continued contraction for the 11th month, and Japan's GDP declining by 0.2% in the first quarter [2] - Despite the challenges, there are cautious signs of optimism regarding economic prospects, with some recovery in hiring activities in South Korea and Japan, as manufacturers anticipate improvements in global demand [3]

Core Viewpoint - India's GDP is projected to surpass Japan, positioning it as the fourth-largest economy globally, with aspirations to enter the top three within the next few years [1][3][4]. Economic Growth and Projections - The CEO of the National Transformation Council, B. V. R. Subrahmanyam, announced that India's economy has reached $4 trillion, surpassing Japan [3]. - According to the IMF, India's GDP for the fiscal year 2025 is estimated at $41,870.17 billion, slightly exceeding Japan's projected $41,864.31 billion [4]. - India's economic growth has been robust, while Japan has faced stagnation, with a mere $2,000 billion increase in output from 2000 to 2019 [4]. Challenges and Concerns - Despite the growth in GDP, there are concerns regarding the concentration of wealth, with the top 1% of the population holding over 40% of the nation's wealth [5]. - India's per capita GDP is projected to be around $2,800 in 2025, ranking approximately 140th globally, indicating a need for improvement in average income levels [5]. - The Modi government has emphasized the importance of transitioning from a service-oriented economy to a more balanced structure that includes a robust manufacturing sector [8][9]. Manufacturing Sector Initiatives - The "Production Linked Incentive" (PLI) scheme was introduced to boost manufacturing in various sectors, but progress has been slow, with only 37% of the target achieved by 2024 [9]. - Challenges in attracting manufacturing investments include difficulties in finding suitable labor, despite India's young population [9][10]. Future Aspirations - Prime Minister Modi has set ambitious goals for India's economic development, aiming to position the country as a developed nation by 2047 [8]. - Economic experts emphasize the need for improvements in education and job creation to fully leverage India's demographic potential [10].