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.
Dozens of people were killed in Israeli strikes on Lebanon on Tuesday, Lebanese officials said, straining a fragile ceasefire agreed between the cou...
As Britain's sanctions on three Georgia-registered companies made headlines on 26 May, the Georgian side of the story was already complicated. The Nat...
European companies are continuing to deepen their presence in China, with nearly seven in ten firms maintaining or expanding their supply chains despi...
Britain has announced fresh sanctions targeting cryptocurrency exchanges, financial networks and banks accused of helping Russia evade Western restric...
Russian President Vladimir Putin arrived in Kazakhstan on Wednesday for a three-day state visit focused on energy, transport and economic cooperation ...
Britain has announced fresh sanctions targeting cryptocurrency exchanges, financial networks and banks accused of helping Russia evade Western restrictions imposed after the invasion of Ukraine.
Russian President Vladimir Putin arrives in Kazakhstan late on Wednesday for an unprecedented second state visit to the country in two years. He will gift Astana four Siberian tigers during the trip, as Moscow attempts to bolster its relationship with its closest partner in Central Asia.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 27 May, covering the latest developments you need to know.
Russia’s ambassador to the United Nations has accused the United States of breaching its obligations as host of the UN after denying a visa to a senior Russian official to attend a Security Council meeting.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 26 May, covering the latest developments you need to know.
Iran has called Monday's U.S. strikes on it 'a gross violation' of their ceasefire. The U.S. military said it carried out defensive strikes in southern Iran after boats were seen laying mines in the Strait of Hormuz. Meanwhile, the U.S. says a peace deal may require several more days.
The new AnewZ documentary, TARGET: Yerevan, builds its explosive case on exclusive, secret recordings originally published by Minval Politika.
Dozens of people were killed in Israeli strikes on Lebanon on Tuesday, Lebanese officials said, straining a fragile ceasefire agreed between the countries in April. The attacks came as Iran accused the U.S. of violating a separate ceasefire with strikes near the Strait of Hormuz.
Chinese investigators have uncovered hidden tunnels, missing worker trackers and fake underground walls during an initial investigation into the country’s deadliest mining disaster in more than 15 years.
Britain has announced fresh sanctions targeting cryptocurrency exchanges, financial networks and banks accused of helping Russia evade Western restrictions imposed after the invasion of Ukraine.
China’s carbon emissions grew far less than previously thought over the past five years, according to a new analysis that is drawing close attention from climate researchers worldwide.
Muslims around the world have marked Eid al-Adha with prayers, celebrations and acts of charity, though for many Palestinians the holiday unfolded amid conflict, restrictions and loss.
Spanish police visited the headquarters of the ruling Socialist Party (PSOE) in Madrid on Wednesday as part of a widening High Court investigation into alleged attempts to interfere with judicial proceedings involving party and government figures.
Latvia is strengthening its anti-drone capabilities along its borders with Russia and Moscow-allied Belarus after several drones entered the NATO member’s airspace, according to a senior military official.
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