China plans to strengthen its economy for this year. The country will focus on providing durable goods for consumers and equipment for businesses.
China is implementing measures to boost its economy in 2025, including increased ultra-long treasury bond funding, interest rate cuts, and financial aid programs for durable goods and business equipment upgrades.
The government aims for 5% growth for 2025, while accepting a budget deficit of 4% of GDP, despite challenges such as the property crisis and potential U.S. tariffs.
China's Vice Secretary of the National Development and Reform Commission, Yuan Da, expressed optimism about the country's economic recovery for this year.
Millions of government workers received wage increases averaging 500 yuan, approximately $70 per month from July 2024, injecting an estimated $12–20 billion into the economy.
These pay raises aim to stimulate spending, though some critics question their focus on civil servants, arguing that the move may damage private sector.
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The Trump administration has completed a controversial prisoner swap with Venezuela, returning around 250 deported Venezuelans in exchange for 10 Amer...
U.S. President Donald Trump signed the GENIUS Act into law on Friday, creating the first U.S. regulatory framework for dollar-backed stablecoins and m...
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China has accused foreign intelligence agencies of smuggling rare earth metals out of the country by manipulating shipping logistics and recruiting insiders, according to a statement from the Ministry of State Security.
Despite tensions over U.S. tariffs and key absences, G20 finance chiefs voiced cautious optimism for a unified stance on trade and global challenges at their meeting in South Africa.
China aims to restore commercial ties with the U.S. to a stable and mutually beneficial footing according to Beijing's commerce chief.
China is battling an unprecedented power surge, as temperatures push electricity demand beyond 1.5 billion kilowatts. Officials warn the real test is still to come, with risks of power rationing looming.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Two Harry Potter actresses, Emma Watson and Zoe Wanamaker, have each received a six-month driving ban after separate speeding offences, both sentenced on the same day at a Buckinghamshire court.
U.S. markets closed mostly flat Friday, capping a third winning week out of four.
U.S. President Donald Trump signed the GENIUS Act into law on Friday, creating the first U.S. regulatory framework for dollar-backed stablecoins and marking a major win for the crypto industry.
Oil prices edged higher on Friday, heading for a small weekly loss, as investors weighed new European Union sanctions against Russia.
As some top global banks scale back climate efforts, India is moving forward with mandatory rules for lenders to report and manage climate-related financial risks.
The Indian rupee is expected to open stronger on Friday, supported by gains in other Asian currencies and a temporary pause in the U.S. dollar index’s upward trend.
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