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China needs 4.17% annual GDP growth to meet 2035 goal, publication showsChina is confident of achieving 4.17% annual GDP growth for the next ten years. This growth is projected to make China a medium-level devel...- FM Sitharaman holds bilateral talks with Russian, Chinese counterparts on BRICS sidelinesOn the sidelines of the BRICS Finance Ministers meeting in Rio de Janeiro, Nirmala Sitharaman engaged in bilateral talks with counterparts ...
- China warns US tariffs pose 'unprecedented huge risks' to global economy amid ongoing trade warChina's finance minister criticized US tariffs for creating significant risks to the global economy at an Asian Development Bank meeting. H...
- FM Nirmala Sitharaman for reforms at ADB for quicker loans to developing economiesIndia urged the Asian Development Bank (ADB) to expedite loan approvals and capital expansion to better support developing economies. Finan...
- Asian stocks edge up in cautious open, futures dipJapanese and Australian stocks opened higher, while US equity-index futures dropped 0.5% in early trading Monday. Gold declined 0.3% while ...
- China slams US tariffs, says its economy is resilient but there are no winners in a trade warChina remains firm against U.S. tariffs and expresses openness to negotiate, emphasizing that coercion will not work. Despite challenges, C...
- China says to raise deficit, boost spending next year: State mediaChina plans to raise its fiscal deficit to increase spending next year and support its struggling economy. The finance minister announced i...
- China shows steady progress in oct as consumption rises on stimulusChina's economy is showing signs of recovery with retail sales reaching an eight-month high in October, indicating that recent stimulus mea...
- China plans to slash homebuying taxes in fiscal stimulusChina is considering significant tax cuts on home purchases to revitalize its struggling housing market. The proposed plan would allow majo...
- How China plans to cut hidden debt in massive shakeupChina has announced a significant plan to address its mounting local government debt. The plan involves swapping hidden debt, primarily acc...
- China unveils $1.4 trillion local debt package but no direct stimulusThe actions confirm last week's Reuters report, and mark a departure from the all-out stimulus strategies to revive growth China has deploy...
- Chinese leaders to meet during US poll amid stimulus hopesVoting will come on the last day of the meeting, November 8, three days after a US election that could have far-reaching consequences on gl...
- China weighs $853 billion debt swap to rescue local governmentsChina is considering allowing local authorities to issue up to 6 trillion yuan in bonds through 2027 to refinance off-balance-sheet debt. T...
- Dollar extends gains while investors parse China's stimulus plansThe dollar gained in Asian trading due to Japan's holiday and China's mild stimulus news. The euro, pound, and yuan weakened, with the yuan...
- Gold eases as dollar strengthens; traders eye Fed cuesGold prices decreased as the U.S. dollar strengthened, with markets awaiting Federal Reserve cues on monetary policy. Investors speculate a...
- Asia shares await China markets' response to detail-thin stimulus pledgesThe Australian and New Zealand dollars slipped against the greenback in early trading on Monday, while China’s yuan also weakened. US stock...
- Beijing shores up its property sector, signals more spendingChina plans new steps to support the property sector and may increase government borrowing to boost the economy. Local governments will use...
- China says it will 'significantly increase' debt to revive economic growthChina plans to significantly increase government debt issuance to support low-income citizens, boost the property market, and replenish sta...
- Pakistan's finance minister in Beijing to seek debt relief, say sourcesThe IMF this month agreed on a $7 billion bailout for the heavily indebted South Asian economy, while raising concerns over high rates of p...
- US, China to launch exchanges on balanced growth, money laundering, Yellen saysAfter two days of economic talks in China's southern export hub of Guangzhou, Yellen said she and He also agreed to start a forum to cooper...
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