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.
U.S. President Donald Trump said on Tuesday his administration was working towards a fair deal with Iran, hours after the Senate voted to direct him t...
A North Korean soldier has been taken into custody by South Korean forces after crossing the heavily guarded border between the two countries, in what...
Australian authorities have expanded surveillance and testing efforts after confirming two cases of the highly pathogenic H5N1 bird flu, while neighbo...
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 24 June, covering the latest developments you need to know. ...
Fans across Uzbekistan gathered in homes, cafes and public viewing areas on Tuesday (24 June) to watch their national team take on Portugal in its sec...
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 24 June, covering the latest developments you need to know.
North Korean leader Kim Jong Un has ordered the construction of two new 5,000-tonne warships every year over the next five years, signalling one of the country’s most ambitious naval expansion plans to date.
A United Nations enquiry has accused Israeli authorities and security forces of deliberately targeting Palestinian children in Gaza, saying the actions amounted to genocide, crimes against humanity and war crimes, while also documenting war crimes against children in the occupied West Bank.
Russia has accused the United States of failing to follow through on what Moscow describes as “understandings” reached between Presidents Vladimir Putin and Donald Trump during their Alaska summit last year, in a sign of mounting frustration in the Kremlin.
At least thirteen people have died and sixty-six have been injured following an explosion at Qatar's main liquefied natural gas (LNG) processing hub at Ras Laffan, authorities said on Sunday.
Tehran has agreed to let the International Atomic Energy Agency (IAEA) recommence inspections of its nuclear programme, U.S. Vice President JD Vance has said. The U.S. and Iran have settled on a 60-day roadmap aimed at reaching a final deal, according to mediators Qatar and Pakistan.
Armenia and Azerbaijan have agreed on a landmark internet deal that will allow traffic to pass through Azerbaijani networks.It's the latest deal to highlight the ongoing peace process between the two countries.
A Ukrainian strike has damaged a school building in a Russian-controlled area of Ukraine’s Zaporizhzhia region, according to local authorities cited by the TASS news agency. No injuries were reported in the incident.
Three students have been killed and at least seven injured after two of their peers opened fire in a high school in the Philippines, police said. A spokesperson for the police said the two suspects, aged 14 and 15, had been arrested and a police pistol confiscated. Bullying is a possible motive.
A North Korean soldier has been taken into custody by South Korean forces after crossing the heavily guarded border between the two countries, in what officials believe may be a defection.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 24 June, covering the latest developments you need to know.
North Korean leader Kim Jong Un has ordered the construction of two new 5,000-tonne warships every year over the next five years, signalling one of the country’s most ambitious naval expansion plans to date.
Google-owned YouTube has settled a lawsuit brought by a teenage plaintiff who claimed the platform harmed his mental health, avoiding what would have been the second California trial over allegations that social media companies fuel youth addiction.
The U.S. Supreme Court on Tuesday declined to allow a Rastafarian inmate to pursue a damages claim against Louisiana prison officials who forcibly shaved his head in alleged violation of his religious beliefs, ruling that federal law does not permit such lawsuits against individual officers.
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