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.
Indonesia and China signed four new memorandums of understanding to deepen economic cooperation across key sectors, reaffirming their commitment to free trade during Chinese Premier Li Qiang’s official visit to Jakarta.
Chinese Premier Li Qiang reaffirmed Beijing’s commitment to "true multilateralism" during a visit to Jakarta, signaling deeper cooperation with Indonesia amid ongoing U.S.-China trade tensions.
Chinese clean energy companies risk losing tax benefits under the Inflation Reduction Act if the One Big Beautiful Bill becomes law, following its narrow passage in the U.S. House of Representatives.
German Chancellor Friedrich Merz has urged Chinese President Xi Jinping to support international efforts aimed at securing a ceasefire in Ukraine, during their first official phone conversation since Merz took office.
Syria’s General Directorate of Ports announced Thursday the signing of a significant memorandum of understanding (MoU) with China’s Fidi Contracting Company to develop over 1 million square meters across two key free trade zones, marking a major step in Syria’s bid to attract foreign investment.
Spain has brought together foreign ministers from the European Union and Arab nations in Madrid for urgent talks aimed at addressing the escalating conflict in Gaza and advancing diplomatic efforts toward a ceasefire.
Lando Norris secures a tactical victory at the Monaco Grand Prix, starting from pole and finishing ahead of Ferrari’s Charles Leclerc and McLaren teammate Oscar Piastri, tightening the Formula One championship battle.
Five skiers have been found dead after a suspected avalanche near Switzerland’s Rimpfischhorn mountain, close to the upscale resort of Zermatt. The discovery, made after authorities were alerted to abandoned skis, has prompted an investigation into the tragedy.
During his visit to Azerbaijan on May 25, Ukrainian Foreign Minister Andrii Sybiha commemorated historical and cultural connections between the two countries by visiting symbolic landmarks in Baku.
Azerbaijan’s Foreign Minister Jeyhun Bayramov and Ukrainian Foreign Minister Andrii Sybiha discuss ongoing efforts for peace amid the Russia-Ukraine conflict during a joint press conference.
Tensions flare in the India-France Rafale deal as France refuses to share the fighter jet’s source code, limiting India’s ability to integrate indigenous weapons and reducing its combat autonomy.
France has rejected India’s request to share source codes needed to integrate indigenous weapons into Rafale fighter jets. Despite repeated appeals, French manufacturer Dassault Aviation has refused to compromise on the issue
AnewZ takes to the streets of Yerevan and Baku to ask a simple yet deeply complex question: How do you see peace between Armenia and Azerbaijan? In the first part of our special report, we hear the hopes, doubts, and scars still shaping people’s perspectives on both sides.
Anton Kobyakov, adviser to Russian President Vladimir Putin, claimed at the St. Petersburg International Legal Forum that the USSR’s dissolution was legally invalid and that the Soviet Union still exists under constitutional law, framing the Ukraine war as an “internal process.”
Kyiv faced a large-scale Russian drone and missile assault overnight, with explosions and gunfire echoing throughout the city, forcing residents to shelter in subway stations.
Denmark has become the first European country to raise its retirement age to 70, aiming to secure the sustainability of its welfare system amid changing demographics and longer life expectancy.
The U.S. Mint will end production of the penny by early next year, citing high manufacturing costs and a directive from President Donald Trump.
Oil prices fell for the first time in three weeks, with expectations mounting that OPEC+ will raise production in July, Bloomberg reported.
Adidas and Puma are expected to raise prices in the U.S. after Nike increased footwear costs, as rising import tariffs push up expenses across the sportswear industry.
Shein says French consumers may face higher prices if the EU imposes handling fees and France enacts new penalties on fast fashion. The platform criticizes the lack of dialogue with authorities as pressure mounts on budget e-commerce models.
Spain has brought together foreign ministers from the European Union and Arab nations in Madrid for urgent talks aimed at addressing the escalating conflict in Gaza and advancing diplomatic efforts toward a ceasefire.
Lando Norris secures a tactical victory at the Monaco Grand Prix, starting from pole and finishing ahead of Ferrari’s Charles Leclerc and McLaren teammate Oscar Piastri, tightening the Formula One championship battle.
Five skiers have been found dead after a suspected avalanche near Switzerland’s Rimpfischhorn mountain, close to the upscale resort of Zermatt. The discovery, made after authorities were alerted to abandoned skis, has prompted an investigation into the tragedy.
During his visit to Azerbaijan on May 25, Ukrainian Foreign Minister Andrii Sybiha commemorated historical and cultural connections between the two countries by visiting symbolic landmarks in Baku.
Azerbaijan’s Foreign Minister Jeyhun Bayramov and Ukrainian Foreign Minister Andrii Sybiha discuss ongoing efforts for peace amid the Russia-Ukraine conflict during a joint press conference.
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