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.
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Georgia’s ruling Georgian Dream party has passed a sweeping legislative package that restricts political rights and sharply increases penalties for public protests, in a move drawing widespread concern from opposition parties, civil society, and international observers.
Iran’s Secretary of Supreme National Security Council (SNSC) Ali Larijani and a senior advisor to Supreme Leader Ayatollah Seyed Ali Khamenei submitted his message to Russian President Vladimir Putin in Kremlin amid a flurry of momentous bilateral, regional and international developments.
Heads of security and intelligence agencies from the Commonwealth of Independent States (CIS) convened in Samarkand on October 16 for the 57th meeting of the Council of Heads of Security and Special Service Agencies.
The brother of the man who carried out the 2017 Manchester Arena suicide bombing has denied trying to kill three prison officers in jail where he is serving a life sentence.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
Iran’s Secretary of Supreme National Security Council (SNSC) Ali Larijani and a senior advisor to Supreme Leader Ayatollah Seyed Ali Khamenei submitted his message to Russian President Vladimir Putin in Kremlin amid a flurry of momentous bilateral, regional and international developments.
Heads of security and intelligence agencies from the Commonwealth of Independent States (CIS) convened in Samarkand on October 16 for the 57th meeting of the Council of Heads of Security and Special Service Agencies.
The brother of the man who carried out the 2017 Manchester Arena suicide bombing has denied trying to kill three prison officers in jail where he is serving a life sentence.
The United Nations (UN) World Food Programme said on Friday it has brought about 560 tonnes of food per day on average into Gaza since the Israel-Hamas ceasefire took effect, but that still fell short of the scale of need in the region.
A senior Kremlin envoy has proposed building an undersea “Putin–Trump Tunnel” connecting Russia’s Chukotka region with Alaska — a symbolic megaproject he says could unite the two nations and open new avenues for trade and resource exploration.
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