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.
Israeli Prime Minister Benjamin Netanyahu has said he intends to travel to New York for the United Nations General Assembly this September, dismissing...
The planned 200-member mission would deploy in parts of Gaza outside Israeli control under Trump's stalled ceasefire framework, an Israeli official sa...
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Russian authorities said 11 people, including four children, had been killed by Ukraine in an overnight attack on a holiday camp, accusing Kyiv on Saturday of deliberately targeting civilians.
Iran will halt its own attacks as long as the United States maintains its pause on strikes, but Tehran remains sceptical of U.S. intentions, a senior Iranian source told on Sunday.
Italian Defence Minister Guido Crosetto recently offered the dismissed Ukraine’s Defence Minister, Mykhailo Federov an adviser role in Italy.
Marvel Studios used its return to San Diego Comic-Con to reveal several major projects, including a new Ghost Rider film starring Ryan Gosling and the long-awaited Black Panther 3.
U.S. President Donald Trump says Israeli Prime Minister Benjamin Netanyahu will visit Washington next week as tensions continue to rise across the Middle East.
The planned 200-member mission would deploy in parts of Gaza outside Israeli control under Trump's stalled ceasefire framework, an Israeli official said.
Former South Korean president Yoon Suk Yeol has been given a suspended 18-month prison sentence after being found guilty of violating election law during his 2022 presidential campaign.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 27th of July, covering the latest developments you need to know.
French President Emmanuel Macron convened an interministerial crisis meeting on 26 July as wildfires spread across southwest France, with flames advancing to within 15 kilometres of the city of Bordeaux.
Israeli Prime Minister Benjamin Netanyahu has said he intends to travel to New York for the United Nations General Assembly this September, dismissing calls from the city's mayor that he should not be welcome.
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