BRICS Expansion Solidifies Its Growing Influence in Global Economy
With new members joining, BRICS now represents nearly half the world’s population, boosting its influence in the global economy.
Business
Comprehensive coverage of economic and business news worldwide, with a strong focus on Asia’s emerging markets, trends, and opportunities.
Read More
Saudi Arabia Sets Sights on 5 Million Chinese Tourists by 2030
Saudi Arabia aims to attract five million visitors from the Chinese mainland by 2030, enhancing travel convenience and cultural exchange to provide a premium travel experience.
FSDC Chairman Laurence Li Discusses Hong Kong’s Global Financial Future
FSDC Chairman Laurence Li discusses Hong Kong’s plans to enhance its global financial center status by fostering diversity and expanding services at the 2024 Financial Street Forum.
China’s First ‘Boonie Bears’ Shopping Mall Debuts in Shenzhen, Boosting Debut Economy
The world’s first ‘Boonie Bears’ themed shopping mall has opened in Shenzhen, marking a significant milestone in China’s growing debut economy and innovative retail experiences.
China Cuts Benchmark Lending Rates to Boost Economic Growth
China has cut its benchmark lending rates for the third time this year, lowering the one-year LPR to 3.1% and the over-five-year LPR to 3.6%, in a bold move to stimulate economic growth and credit demand.
SIBOS 2024 Opens in Beijing with Global Financial Leaders Spotlight
SIBOS 2024, the premier global financial conference, kicks off in Beijing for the first time on the Chinese mainland, uniting over 10,000 guests from more than 150 countries and regions.
Saudi Tourism Minister Highlights Tech Collaboration with China to Boost Tourism
Saudi Arabian Minister of Tourism Ahmed Al-Khateeb discusses strong tech collaboration with China, focusing on digitalizing tourism services and advancing mobile payment systems.
China’s Monetary Policies Boost Market Confidence, Say Industry Players
China’s latest monetary policies have boosted market confidence, as industry players express optimism at the Financial Street Forum, reports CGTN’s Chen Tong.
BRICS Expands: 16th Summit in Kazan Marks New Era of Global Governance
The 16th BRICS Leaders’ Meeting opens in Kazan, Russia, marking the launch of the Greater BRICS following expansion. The summit signals a new era of cooperation and enhanced role in global governance.
U.S. Budget Deficit Hits $1.8 Trillion in Fiscal 2024, Third-Highest in History
The U.S. budget deficit surged to $1.833 trillion in fiscal 2024, becoming the third-largest in history, with interest costs on federal debt exceeding $1 trillion for the first time.
John Lee Highlights HKSAR’s Key Role in Opening Chinese Mainland’s Capital Markets
John Lee announces initiatives to enhance Hong Kong’s role in opening the Chinese mainland’s capital markets, promoting RMB internationalization and encouraging global companies to list in Hong Kong.
China Cuts Benchmark Lending Rates to Boost Economic Growth
China has cut its benchmark lending rates for the third time this year, reducing the one-year LPR to 3.1% and the over-five-year LPR to 3.6%, in a move to stimulate economic growth and investment.
New Development Bank Boosts Sustainable Growth in Emerging Markets
The New Development Bank (NDB), established by BRICS nations, is driving sustainable growth by funding infrastructure and development projects in emerging markets and developing countries.
RMB Globalization Elevates Hong Kong’s Financial Status
At the 2024 Financial Street Forum, Laurence Li announced that RMB globalization is elevating Hong Kong to stand alongside London and New York as a top global financial hub.
China Remains Largest Contributor to Global GDP Despite 4.9% Growth: ANZ Economist
ANZ Group’s Chief Economist Richard Yetsenga highlights China’s 4.9% GDP growth as a significant achievement amid global challenges, affirming China’s position as the largest contributor to global GDP.
Real Estate Investors Optimistic on China’s Economic Prospects Amid Stimulus Measures
Real estate investors express optimism about China’s economy as the GDP grows 4.8% and new stimulus measures take effect, indicating a potential rebound in the world’s second-largest economy.
Bridging Asia and the World: Voices from the 2024 Financial Street Forum
As the global economy recovers sluggishly, Asia shines with resilience. The 2024 Financial Street Forum explores how Asian investors perceive opportunities in the Chinese mainland and sectors for strengthened cooperation.
Beijing’s Financial Street Forum Auto Show Showcases Luxury Cars to Boost Consumption
Beijing’s Financial Street hosts an exclusive auto show during the 2024 Financial Street Forum, featuring luxury and passenger cars to boost consumption and stimulate economic activity.
Experts Weigh AI’s Promise and Risks in Finance at Beijing Forum
At the 2024 Financial Street Forum in Beijing, experts discussed the potential and risks of integrating AI into the financial sector, emphasizing the need for careful risk management.
China’s Stimulus Measures Boost Market Confidence, Says Morgan Stanley
Morgan Stanley’s chief Asia economist, Chetan Ahya, notes that China’s recent stimulus measures are boosting market sentiment and confidence, with China expected to account for 25-30% of global growth.