China Reassures Global Community at Davos 2025 Amid Rising Uncertainties
At Davos 2025, China delivers a reassuring message, emphasizing commitment to globalization and cooperation amid global uncertainties and rising protectionism.
Economy
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South Korean Parliament Impeaches President Yoon Suk-yeol, Suspended from Duties
South Korea’s parliament has impeached President Yoon Suk-yeol, suspending him pending a Constitutional Court decision on his potential removal from office.
China Creates 12.56 Million New Urban Jobs in 2024, Employment Remains Stable
China created 12.56 million new urban jobs in 2024, with unemployment falling to 5.1%, signaling a stable employment outlook as the nation focuses on youth employment and poverty alleviation.
Anticipating the World Economic Forum 2025: Collaborating for the Intelligent Age
As the World Economic Forum 2025 approaches, global leaders prepare to collaborate for the intelligent age, addressing critical challenges and opportunities that will shape our collective future.
China’s Central Bank Reaffirms ‘Moderately Loose’ Monetary Policy
China’s central bank will maintain a ‘moderately loose’ monetary policy and stabilize the yuan exchange rate this year, according to PBOC Deputy Governor Xuan Changneng.
China’s Foreign Trade Surges 5% in 2024, Reaching Record High
China’s total foreign trade expanded 5% year on year in 2024, reaching a record 43.85 trillion yuan ($6.1 trillion), according to official data released on Monday.
China’s Ice and Snow Economy Set to Surpass $136 Billion by 2025
China’s winter sports market is booming, with the ice-and-snow economy expected to surpass $136 billion by 2025, spreading winter sports excitement nationwide.
France Unveils New Government Amid Looming Budget Battle
France unveils a new government led by Prime Minister Francois Bayrou to tackle the 2025 budget passage and prevent a potential economic crisis.
Sci-tech to Maintain Key Role in China’s 2025 Economic Agenda
China’s Central Economic Work Conference emphasizes the continued importance of science and technology in driving economic growth in 2025, focusing on AI innovation and addressing ‘rat race’ competition.
China’s November CPI Rises 0.2% Amid Slower Food Price Increases
China’s consumer price index rose 0.2% year on year in November, down from October’s 0.3%, due to slower food price increases.
China’s CPI Rises 0.2% in November, Indicating Stable Inflation
China’s consumer price index (CPI) rose by 0.2% year on year in November, indicating stable inflation and a steady economic recovery, according to the National Bureau of Statistics.
Report Warns Global Water Crisis May Halve Food Production by 2050
A new report warns that half of the world’s food production could fail over the next 25 years due to a global water shortage, threatening economies and global security.
Affordable Chinese Goods Gain Popularity in Pakistan Amid Cost of Living Crisis
Affordable Chinese decorative items and crockery are becoming popular in Pakistan as consumers seek durable and budget-friendly options amid a cost of living crisis.
Discovering China’s Vibrant Economy and Rich Culture
Explore the Chinese mainland’s dynamic economy and rich cultural heritage. Discover how ancient traditions blend seamlessly with modern innovation in a journey that begins here.
China Unveils New Policies to Stimulate Economic Growth
China is introducing new policies to stimulate economic growth, focusing on boosting domestic demand, supporting businesses, and stabilizing the real estate market, says NDRC Chairman Zheng Shanjie.
Federal Reserve Cuts Benchmark Interest Rate by Unusually Large Half-Point
The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, raising questions about the impact on the global economy and financial markets.
La Rioja Introduces New Quasi-Currency to Combat Economic Struggles in Argentina
Amid ongoing economic challenges, Argentina’s La Rioja province has introduced a new quasi-currency to help residents cope, echoing measures taken after the 2001 economic crash.
U.S. Inflation Eases to Smallest Annual Rise Since 2021
U.S. consumer inflation eased to 2.9% in July, the smallest annual rise since March 2021, offering positive signs for the Federal Reserve as it considers adjusting interest rates.
Economist: Capital Reallocation to Chinese Market ‘Unsurprising’ Amid Yen Appreciation
Asia-Pacific stocks rebound amid yen appreciation; economist Hong Hao discusses the shift of capital to Chinese mainland markets as a defensive investment strategy in volatile times.
Senior Chinese Officials Interpret Economic Policies at CPC Press Conference
Senior Chinese officials provided interpretations on economic topics at a CPC press conference, highlighting guiding principles from the third plenary session.