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.
Trump says China can continue buying Iranian oil after Israel-Iran ceasefire, hinting at softer sanctions enforcement.
China announced on Tuesday that it will host a large-scale military parade in Beijing’s Tiananmen Square on September 3, marking the 80th anniversary of the end of World War II. President Xi Jinping is scheduled to deliver a keynote speech during the commemorative events.
China has nearly doubled its naphtha import quotas for 2025, issuing a second batch of allocations to chemical companies as demand surges and cheaper alternatives like propane and ethane face supply disruptions, according to six trade sources.
Kazakhstan’s Energy Ministry, national oil and gas company KazMunayGas (KMG), and CNOOC Hong Kong Holding Limited—a subsidiary of China National Offshore Oil Corporation (CNOOC Limited)—have signed a contract for hydrocarbon exploration and production under the Zhylyoi project.
President Ilham Aliyev today inaugurated Azerbaijan's largest power plant in Mingachevir, constructed in partnership with Italian and Chinese companies.
Airlines have cancelled and rerouted flights across the Middle East as the Israel-Iran conflict escalates.
African leaders at the U.S.-Africa Business Summit in Luanda have called for an end to aid-based relations with the U.S., urging a stronger focus on private investment and transformative partnerships.
Bill Gates says his foundation will not compensate for funding shortfalls caused by U.S. and UK aid cuts to global vaccination efforts, warning of rising child mortality as a result.
Growers in Chile’s Atacama Desert are turning fog into water to grow crops, including lettuce and lemons, in one of the driest places on Earth.
Trump says China can continue buying Iranian oil after Israel-Iran ceasefire, hinting at softer sanctions enforcement.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
Kazakhstan’s Energy Ministry, national oil and gas company KazMunayGas (KMG), and CNOOC Hong Kong Holding Limited—a subsidiary of China National Offshore Oil Corporation (CNOOC Limited)—have signed a contract for hydrocarbon exploration and production under the Zhylyoi project.
European markets rallied on Tuesday, with shares climbing more than 1% after U.S. President Donald Trump announced a ceasefire between Israel and Iran, easing geopolitical tensions and lifting investor confidence.
Oil prices fell sharply for a second day after Israel confirmed a U.S.-brokered ceasefire with Iran, easing fears that the conflict would disrupt global energy supplies.
U.S. President Donald Trump called for a major interest rate cut before Federal Reserve Chair Jerome Powell’s testimony to Congress.
Goldman Sachs economists have warned that any significant disruption to oil shipments through the Strait of Hormuz could push Brent crude prices over $100 per barrel, potentially causing a sharp rise in transport costs, inflation, and slowing global growth.
Airlines have cancelled and rerouted flights across the Middle East as the Israel-Iran conflict escalates.
African leaders at the U.S.-Africa Business Summit in Luanda have called for an end to aid-based relations with the U.S., urging a stronger focus on private investment and transformative partnerships.
Bill Gates says his foundation will not compensate for funding shortfalls caused by U.S. and UK aid cuts to global vaccination efforts, warning of rising child mortality as a result.
Growers in Chile’s Atacama Desert are turning fog into water to grow crops, including lettuce and lemons, in one of the driest places on Earth.
Trump says China can continue buying Iranian oil after Israel-Iran ceasefire, hinting at softer sanctions enforcement.
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