News
China to pursue more proactive fiscal policy, finance minister says
3+ hour, 10+ min ago (785+ words) China will continue to pursue a more proactive fiscal policy next year with enhanced precision and effectiveness, to promote an effective improvement in the quality of the economy and a reasonable expansion in its scale while maintaining social harmony and…...
Nation's steady foreign trade growth expected to anchor global stability
9+ hour ago (1062+ words) China's foreign trade sector is poised for steady growth in 2026, driven by rising global competitiveness of its exports and enhanced diversification of trading partners, as well as an increasingly open domestic market that translates into expanding imports, said experts and…...
Japan's accelerated increase in defense spending raises concerns
4+ week, 7+ hour ago (245+ words) Included in the budget proposal approved by the cabinet on Friday is 1.1 trillion yen (about $7.04 billion) in additional defense spending. Including the 9.9 trillion yen in the regular budget, total defense-related spending for the current fiscal year would reach about 11 trillion…...
Lhasa's GDP grows 7.1 percent in first three quarters of 2025
1+ mon, 2+ week ago (33+ words) The scene of a beer festival in Lhasa, the capital of the Xizang autonomous region. [Photo by Palden Nyima/chinadaily.com.cn] ... Lhasa's GDP grows 7.1 percent in first three quarters of 2025...
Bank of England keeps key rate at 4 pct ahead of Budget
1+ mon, 3+ week ago (350+ words) LONDON -- The Bank of England (BoE) has maintained its benchmark interest rate unchanged at 4 percent ahead of the Budget due in late November, amid persistently high inflation, according to a statement released Thursday by Britain's central bank. At its meeting…...
IMF raises global growth forecast to 3.2% in 2025
2+ mon, 1+ week ago (81+ words) NEW YORK -- The International Monetary Fund on Tuesday released its latest World Economic Outlook report, raising global growth forecast in 2025 to 3.2 percent, 0.2 percentage point higher from its ... IMF raises global growth forecast to 3.2% in 2025 NEW YORK -- The International Monetary Fund…...
China economy to stay growing, IMF forecasts
2+ mon, 2+ week ago (984+ words) The International Monetary Fund has predicted that China's economy will grow 4.8 percent this year, up 0.3 percentage point on what was forecast a year ago, saying it expects the world economy to slow further in the coming years. Global growth was…...
Three recipients share 2025 Nobel Prize in economics
2+ mon, 2+ week ago (73+ words) The Royal Swedish Academy of Sciences on Monday decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Joel Mokyr, Philippe Aghion and Peter Howitt. Three recipients share 2025 Nobel Prize in economics STOCKHOLM -- The…...
WTO raises 2025 global trade growth forecast to 2.4%
2+ mon, 3+ week ago (114+ words) GENEVA - The World Trade Organization (WTO) on Tuesday raised its forecast for global merchandise trade growth in 2025 to 2.4 percent, up from its previous projection of 0.9 percent made in August. WTO raises 2025 global trade growth forecast to 2.4% GENEVA - The World Trade…...
Beijing's GDP to cross $700b in 2025
3+ mon, 1+ week ago (205+ words) Beijing's economy is expected to exceed 5 trillion yuan ($701.9 billion) in 2025, according to the city's top planning official, a milestone officials say that will cement its role as China's innovation hub and bolster jobs and investment. Yang Xiuling, director of the…...