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The U.S. Senate is locked in a marathon voting session over President Donald Trump’s wide-reaching budget proposal, dubbed the One Big Beautiful Bil...
China’s central bank has announced a new set of measures to strengthen financial support for small and medium-sized enterprises (SMEs), aiming to help them navigate external uncertainties and maintain stable operations, according to a senior official at the People’s Bank of China (PBOC).
“The moderately loose monetary policy adopted by the People’s Bank of China helps expand funding available to the real economy, lower financing costs for businesses, especially the SMEs, and enhance their operational stability,” said Ding Zhijie, head of the PBOC’s Research Institute, during the latest episode of China Economic Roundtable, a talk show hosted by Xinhua News Agency.
Ding highlighted that the PBOC has intensified its credit support to smaller firms and taken steps to ease their interest burdens. By the end of April, inclusive loans issued to micro and small enterprises reached 34.3 trillion yuan (approximately 4.77 trillion U.S. dollars), marking an 11.9 percent year-on-year increase—outpacing the overall loan growth.
Financing costs have also declined, with the average interest rate on newly issued corporate loans falling to 3.2 percent in April, 50 basis points lower than the same period last year.
In a further move to boost credit access, the central bank has added 300 billion yuan to its relending quota to support the agricultural sector and small businesses.
Ding also underscored the importance of the entrepreneurship guarantee loan, a policy tool introduced in 2016 to foster job creation and innovation. He noted that the central bank will continue to urge banks across the country to implement the policy more effectively to expand financial support and help stabilize employment.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
China’s resale home prices fell at an accelerated pace in June, deepening concerns about the country’s ailing property market and underscoring the limited impact of recent government support measures, a private survey showed on Tuesday.
China’s manufacturing sector expanded in June for the first time in three months, according to a private-sector survey released Tuesday, signaling a modest recovery in domestic demand even as export pressures persist.
Factory activity across much of Asia remained subdued in June as the uncertainty surrounding U.S. trade policy weighed heavily on manufacturing sentiment, even as some economies reported slight improvements in output.
The Communist Party of China (CPC) has surpassed a 100 million members, marking a "significant milestone" ahead of its 104th founding anniversary, the party announced on Monday.
China said Monday that its decades-long boundary dispute with India is “complicated” and will require time to resolve, while expressing openness to continued diplomatic engagement.
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