China kept its 2025 economic growth target at roughly 5% while committing to higher government spending to counter deflationary risks and the impact of escalating U.S. trade tariffs, according to a government report released Tuesday.
Budget deficit target raised to 4% of GDP (up from 3% in 2024).
1.3 trillion yuan ($179 billion) in special treasury bonds to be issued.
Local governments can issue 4.4 trillion yuan in special debt (up from 3.9 trillion).
Beijing faces pressure as U.S. President Donald Trump’s administration ramps up tariffs, adding 20 percentage points to Chinese imports since January.
Chinese exports to the U.S. exceed $400 billion annually, but higher U.S. trade barriers threaten manufacturers.
China retaliated Tuesday, imposing 10%-15% tariffs on U.S. agricultural products and sanctioning 25 American firms.
China’s economy struggles with sluggish consumer demand and a crisis in the debt-laden property sector. Analysts urge Beijing to stimulate household spending rather than rely on exports and industrial expansion.
“Boosting domestic household consumption is key,” said Eswar Prasad, former IMF China director.
Despite leading in EVs and AI, experts warn that China’s innovation drive must be balanced with consumer demand growth to avoid stagnation like Japan’s economic slowdown.
With Premier Li Qiang set to outline policies on Wednesday, China faces a critical test in navigating trade tensions and internal economic imbalances.
Uzbekistan has increased up electricity exports to Tajikistan as part of wider regional efforts to stabilise energy supplies during periods of seasona...
Iran has summoned the ambassador of Republic of Cyprus Petros Nacouzis over remarks made by his country regarding Iran’s territorial integrity....
The European Union faces a critical decision on how to finance Ukraine’s war effort, divided over whether to use frozen Russian assets or jointly bo...
Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday (17 December), citing insufficient financing g...
Kyrgyzstan has joined the TRACECA multilateral permit system, a move analysts say will deepen regional integration, cut transport costs and ease cross...
Uzbekistan has increased up electricity exports to Tajikistan as part of wider regional efforts to stabilise energy supplies during periods of seasonal shortage and reduced water availability.
Iran has summoned the ambassador of Republic of Cyprus Petros Nacouzis over remarks made by his country regarding Iran’s territorial integrity.
More than 17 million people in Afghanistan are facing acute food insecurity this winter, according to the United Nations World Food Programme (WFP).
The latest clashes between Thailand and Cambodia mark a dangerous escalation in one of Southeast Asia’s oldest and most sensitive disputes.
At least 37 people have been killed in flash floods triggered by torrential rain in Morocco's Atlantic coastal province of Safi, Moroccan authorities said on Monday (15 December).
Cambodia must be the first to declare a ceasefire in the ongoing border conflict, Thailand said on Tuesday (16 December), as fighting continued despite earlier claims that hostilities would stop and at least 52 people have been killed on both sides.
Schools across Cambodia and Thailand were forced to close on Monday (15 December) as border clashes between the two countries escalated, with the death toll reaching at least 40 and hundreds of thousands of people displaced, according to officials and local media.
U.S. President Donald Trump confirmed that his administration is examining whether Israel violated the Gaza ceasefire agreement by conducting an airstrike on Saturday (13 December) that killed Hamas leader Raad Saad.
Ukraine’s domestic security service, the SBU, says it struck a Russian Kilo‑class submarine in the Black Sea port of Novorossiysk, causing critical damage.
The European Union faces a critical decision on how to finance Ukraine’s war effort, divided over whether to use frozen Russian assets or jointly borrow funds through 2027.
More than 17 million people in Afghanistan are facing acute food insecurity this winter, according to the United Nations World Food Programme (WFP).
In the complex world of international diplomacy, the ongoing tensions between India and Pakistan have raised significant questions about the role of third-party mediation.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 17th of December, covering the latest developments you need to know.
Plans for a $500 million Trump Tower in Belgrade have been cancelled after protests and a legal investigation. The project, backed by Jared Kushner, former White House adviser, was halted after Serbian prosecutors indicted officials over removing the site's cultural heritage status.
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