China's GDP expanded 5 percent to reach 61.68 trillion yuan ($8.49 trillion) in the first half of 2024, data from the National Bureau of Statistics showed on Monday, indicating the world's second largest economy has sustained the momentum of post-pandemic recovery, thanks to a continuous improvement in overseas demand, a pick-up in home consumption and stepped-up government policy support, despite facing internal and external uncertainties.
In the second quarter, the GDP grew by 4.7 percent year-on-year, slightly down from the 5.3 percent growth recorded in the first quarter.
"Though the GDP growth in the second quarter is lower than the first quarter, it's still a relatively fast growth among major economies, which builds a sound foundation for the achievement of the annual GDP target", Chen Fengying, an economist and former director of the World Economic Studies at the China Institute of Contemporary International Relations, told the Global Times.
Observers have positively pronounced that China is on a firm track to hit the annual economic growth target of around 5 percent in 2024.
In Malaysia, Bersatu secretary-general Hamzah Zainudin on July 13 gave notice of the mass sacking of more than a hundred party members.
The announcement was made in a Facebook post and took effect immediately:
“Their membership is hereby terminated and they are removed from the party’s membership roll”.
The six MPs who had declared support for Prime Minister Anwar Ibrahim were among the one-hundred-and-twenty-three names.
They are: Labuan MP Suhaili Abdul Rahman, Kuala Kangsar MP Iskandar Dzulkarnain Abdul Khalid, Gua Musang MP Mohd Azizi Abu Naim, Jeli MP Zahari Kechik, Bukit Gantang MP Syed Abu Hussin Hafiz Syed Abdul Fasal, and Tanjung Karang MP Zulkafperi Hanapi.
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