Rainbow news zambia

Developing countries overtake developed ones

    FOR the first time the BRICS countries have overtaken the G7 in terms of aggregate gross domestic product.  By the end of 2022, the GDP of the BRICS reached 31.5% of the global economy, while the share of the G7 was 30.7%. The significant growth of economic power of the BRICS can easily be called a landmark event not only in the economy, but also in world history. For several centuries, the leading industrial, financial and political centers of the world were located in the West. Europeans, and later the US, dominated development for a long period, and...

President Hichilema meets CCZ

Lusaka, April 20, 2023, ZANIS—President Hakainde Hichilema has reaffirmed government’s commitment to work with the church towards the country’s economic transformation agenda. President Hichilema says the church plays a vital part in driving the country’s economic agenda, hence the need to constantly engage them on issues of national interest. ZANIS reports that the President said this today when he held an engagement with the Council of Churches in Zambia, at State House in Lusaka, on matters of national interest. The Head of State assured his administration’s resolve to ensure that equity and fairness are centrally placed in all areas of governance. Mr Hichilema...

Zambian Economy registers 4.7 growth

By Henry Chunza SINCE President Hakainde Hichilema took over as Seventh (7th) Republican Head of State and Government, the Zambian economy has registered a convincing 4.7 per cent, a record only comparable to 2014, when a similar pattern was recorded during 5th Republican President, the late Michael Charles Chilufya Sata’s reign. Both local and international economic think-tanks are painting a growth pattern as Zambia moves closer toward consolidating her prosperity trajectory, as a land of opportunity for those with a zeal for diligence. Luckily for Zambia, her 4.7 per cent Gross Domestic Product (GDP) growth is showing light at the...

GLOBALink | Flying through stunning landscapes along Grand Canal with FPV drone

GLOBALink | Flying through stunning landscapes along Grand Canal with FPV drone

GLOBALink | Flying through stunning landscapes along Grand Canal with FPV drone Source: Xinhua Editor: huaxia 2023-04-18 13:30:32 BEIJING, April 18 (Xinhua) — Almost 3,200 km long in total, the Grand Canal is the world’s longest man-made waterway, connecting the northern and southern parts of China. It has a history of more than 2,500 years. Over 1,000 km of the canal was recognized as a world heritage site in 2014. Today, the Grand Canal is glowing with new vitality thanks to China’s efforts to promote the protection and inheritance of the heritage of the canal, such as protecting the canal’s...

Economic Watch: China’s economy firmly on recovery track as market expectations improve

Economic Watch: China’s economy firmly on recovery track as market expectations improve

Economic Watch: China’s economy firmly on recovery track as market expectations improve Source: Xinhua Editor: huaxia 2023-04-17 23:05:00 BEIJING, April 17 (Xinhua) — Multiple signs indicate that China’s economy has been recovering with stronger impetus and improved market confidence since the beginning of this year, and analysts expect more growth potential to be unleashed in the coming quarters. Both foreign trade and credit growth beat market forecasts in the first quarter, and manufacturing activity and consumption continued to pick up, official data has revealed. As the impact of COVID-19 subsided significantly, economic stabilization policies were deployed in advance, China’s economy...

International auto show kicks off in Shanghai

International auto show kicks off in Shanghai Source: Xinhua Editor: huaxia 2023-04-18 16:14:30 An Audi e-tron GT is displayed at the 20th Shanghai International Automobile Industry Exhibition in Shanghai, east China, April 18, 2023. The 20th Shanghai International Automobile Industry Exhibition kicked off Tuesday at the National Exhibition and Convention Center (Shanghai). The exhibition, also known as Auto Shanghai 2023, is the first A-class international auto show held in China since the country adjusted its COVID-19 response. With 13 indoor exhibition halls, it boasts an exhibition area of more than 360,000 square meters. According to the organizer, about 1,000 enterprises...

Data highlights of China’s economic rebound in Q1

Data highlights of China’s economic rebound in Q1

Data highlights of China’s economic rebound in Q1 Xinhua | April 18, 2023 China’s economy has sustained recovery momentum in the first quarter (Q1), with major economic indicators showing further signs of improvement. Here are some data highlights released by the National Bureau of Statistics on Tuesday: — China’s gross domestic product expanded 4.5 percent year on year in Q1, picking up pace from the 2.9 percent year-on-year growth in the fourth quarter of last year. On a quarterly basis, the economy increased by 2.2 percent in the first three months. — Production accelerated across sectors, with value-added industrial output,...

2nd LD-Xinhua Headlines: China’s economy starts 2023 with faster growth, stronger market confidence

2nd LD-Xinhua Headlines: China’s economy starts 2023 with faster growth, stronger market confidence

2nd LD-Xinhua Headlines: China’s economy starts 2023 with faster growth, stronger market confidence Source: Xinhua Editor: huaxia 2023-04-18 13:25:15 BEIJING, April 18 (Xinhua) — China’s economy grew at a faster pace in the first quarter of 2023, with major indicators showing an upward trend and improvement in market expectations. China’s gross domestic product grew 4.5 percent year on year to 28.5 trillion yuan (about 4.14 trillion U.S. dollars) in the first quarter, data from the National Bureau of Statistics (NBS) showed Tuesday. China’s GDP grew 3 percent year on year in 2022, and 2.9 percent year on year in the...

Signing of the NAPSA act will improve workers’ lives- BrendaTambatamba

Ndola, April 18,2023, ZANIS—Minister of Labour and Social Security Brenda Tambatamba says the signing of the Pensions Scheme amendment act No 1 of 2023 into Law by President Hakainde Hichilema demonstrates government’s commitment to the wellbeing of the People. Ms. Tambatamba says President Hichilema has kept his promise by ensuring that workers that contribute to National Pensions Scheme Authority (NAPSA) start accessing a 20 percent of their terminal benefits. She said the people’s lives will now improve as they will have part of their pension’s money to startup businesses. ZAINS reports that the Minister of Labour and Social Services said...

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