Xizang’s Economic Miracle: 60 Years of 1,000-Fold Growth
Xizang marks 60th anniversary with 1,000-fold GDP surge, driven by infrastructure and tourism, reshaping Asia’s high-altitude economy.
Business
Comprehensive coverage of economic and business news worldwide, with a strong focus on Asia’s emerging markets, trends, and opportunities.
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US Tariffs Drive Up Consumer Costs as Trade Tensions Escalate
Expanded US tariffs on steel and aluminum imports drive up consumer costs, with American households bearing an increasing burden as trade tensions escalate.
SCO Drives Regional Growth Through Infrastructure Expansion
The Shanghai Cooperation Organization boosts regional trade and infrastructure, driving economic growth across Eurasia with key projects like the China-Europe Railway and CKU Highway.
Restored Chinese Classic Revives War Memories, Celebrates Cinema Legacy
4K-restored 1947 Chinese film ‘Spring River Flows East’ reconnects modern audiences with wartime history amid dual cultural anniversaries.
China’s A-Share Market Tops 100 Trillion Yuan Milestone
China’s A-share market surpasses 100 trillion yuan, driven by tech innovation and overseas investments. Key indices show robust growth, signaling economic confidence.
UNDP: China’s Ecological Vision Fuels Global Sustainability Goals
UNDP praises China’s ‘lucid waters, lush mountains’ approach as blueprint for achieving UN Sustainable Development Goals across industries.
Education Key to Achieving Global Sustainability Goals: UN@80 Insight
UN forum highlights education’s role as cornerstone for achieving sustainability goals, with implications for Asia’s economic and social development.
US-China Tariff War Leaves No Winners, Experts Warn
American expert Scott Lucas warns US-China tariff wars harm both economies, with US businesses and consumers facing immediate financial consequences.
Chinese Beauty Brands Expand Global Reach with Surging Exports
Chinese cosmetics exports surge 12% in H1 2024, driven by digital strategies and competitive pricing. Brands challenge global giants in Southeast Asia’s booming markets.
China Boosts Tech Innovation with Financial Reforms
China’s multi-tiered financial framework drives tech innovation and industrial growth, offering global insights for sustainable development strategies.
China’s Digital Leap: 5G Expansion & Tech Breakthroughs Reshape Economy
China achieves world-leading digital infrastructure growth under 14th Five-Year Plan, with 4.55M 5G stations and $808B data economy reshaping industries.
Oil Prices Dip as IEA Revises Supply Forecast Ahead of US-Russia Summit
Oil prices decline as IEA raises supply forecast and investors await US-Russia talks on Ukraine conflict, impacting global energy markets.
China’s Real Economy Gains Momentum as Loans Surge 6.8% in July
China’s yuan-denominated loans to the real economy rose 6.8% in July, reflecting sustained monetary support amid efforts to boost transparency and reduce corporate financing costs.
China Launches Interest Subsidies to Fuel Consumer Spending Surge
China introduces interest subsidies for personal and business loans to boost domestic consumption, signaling a strategic push to invigorate economic growth.
China’s Shipbuilding Mega-Merger Sets Global Industry Record
China’s merger of CSSC and CSIC creates the world’s largest listed shipbuilder, marking a milestone in state-owned enterprise restructuring and global industrial strategy.
AI Can’t Replace Human Bonds: Global Shapers Advocate for Connection
Global Shapers member Fan Hongyi emphasizes AI’s inability to replace human connections while celebrating the UN’s 80th anniversary and its role in global cooperation.
China’s New Quality Productive Forces: A Blueprint for Global Growth
China’s innovative ‘new quality productive forces’ theory offers a sustainable development model for emerging economies, balancing growth and environmental goals.
US Tariff Chaos Hurts Economy, Experts Warn
Economist Justin Wolfers warns Trump-era tariffs raise costs without reviving US manufacturing jobs, highlighting risks for global supply chains.
US Tariffs Shrink Economy, Yale Study Warns
Yale Budget Lab analysis reveals US tariffs lead to economic contraction, higher prices, and reduced business investment, impacting global markets.
US Senator Criticizes Trump Tariffs as ‘Unconstitutional Tax’ on Citizens
US Senator Maria Cantwell argues Trump-era tariffs act as an unconstitutional tax on citizens, sparking debate over trade policy impacts on global economies.