In the first eight months of 2023, China saw a 110% surge in new energy vehicle exports, totaling 727,000 units, according to the Chinese Car Manufacturers Association (CAAM). Pure electric cars saw a 120% increase, with 665,000 units sold abroad. Exports of plug-in hybrids went up 73.5%, totaling 62,000 units. From January to August, China […]
Related Posts

Angola’s central bank maintains key interest rate, adjusts marginal lending rate upward by 0.5 percentage point
The National Bank of Angola (BNA) has decided to keep its basic interest rate unchanged at 17%, while increasing the liquidity facility rate from 17% to 17.5%, marking an elevation of 0.5 percentage points. The permanent liquidity absorption rate will stay at 13.5. This announcement was made during a press conference in the nation’s capital, […]
Myanmar Surpasses Afghanistan in Opium Production
In 2023, Myanmar overtook Afghanistan as the world’s largest opium producer, a United Nations report reveals. Afghanistan’s production fell dramatically following the Taliban’s prohibition of poppy cultivation, decreasing to 330 tons. Meanwhile, Myanmar’s output reached 1,080 tons, significantly impacting its economy, contributing up to 4.1% of its GDP. Myanmar’s increase in opium production aligns with […]
Cutting Costs, Boosting Business: São Paulo’s Economic Reform
Governor Tarcísio de Freitas is launching a transformative plan to save São Paulo up to R$20 billion ($3.88 billion) annually. This ambitious initiative aims to slash public spending, boost investments, and enhance the business environment. Central to the plan is the overhaul of tax incentives for businesses, currently totaling around R$60 billion ($11.65 billion). The […]