Government

CHINA-ECONOMY

China Set to Introduce $283 Billion Stimulus This Weekend to Boost Consumer Spending and Provide Local Debt Relief

Investors are hopeful that China will announce a fiscal stimulus package of up to $283 billion to boost economic recovery and reduce reliance on debt-driven growth.


China Outlines Economic Actions With No New Stimulus Measures; Investors Disappointed

China aims to revive its economy despite missing new stimulus measures, disappointing investors.

China's Economic Outlook Is a 'Flashing Red' With Weak Recovery, Analysts Warn

China’s economic outlook is deteriorating, with lowered GDP growth expectations and housing, consumer spending, and industrial production issues.

US Plans to Shut Down Hong Kong Trade Offices, Prompting a Possible China Retaliation

A proposed U.S. bill, HKETO, could lead to the shutdown of Hong Kong's trade offices if they are deemed too influenced by China, drawing strong objections from Beijing.


Latest News

SEC Sues Defunct Crypto Bank Silvergate Over Alleged Bank Secrecy Act Violations
The crypto industry has spent nearly $120 million in the 2024 election cycle to influence US politics and push for favorable regulations.
US and China Signs New Financial Agreement, Focusing on Capital Markets and Cross-Border Payments
The US and China have signed a new financial stability agreement to boost cooperation on key issues like capital markets and cross-border payments.
China’s Drug Industry Warns National Security Risk Associated with Rising Foreign Takeovers
Foreign acquisitions of Chinese pharmaceutical companies have raised national security concerns, as industry experts worry about the potential impact on China's healthcare sector and access to essential medicines.
Montreal to Be Canada’s First City with 24-Hour Bars and Clubs to Boost Local Economy
Montreal is set to become the first city in Canada to allow 24-hour drinking zones to reignite local tourism, but critics argue for lack of security and public transportation.
US Unemployment Rate Hits 4.3% as July Adds Only 114,000 Jobs
US job growth slowed unexpectedly in July, with only 114,000 jobs added, raising the unemployment rate to 4.3%, the highest since October 2021.
Senate Democrats Propose $79 Billion Expansion of Child Tax Credit Set to Benefit 16 Million Families
Senate Democrats are pushing for a vote on a $79 billion tax cut package, which includes an expanded child tax credit benefiting 16 million families, but face Republican resistance and procedural hurdles.
G20 Reports Risks That Could Harm Global Economy, But Avoids Mentioning Ukraine and Gaza
G20 finance ministers and central bankers are optimistic about a "soft landing" for the global economy but warn of geopolitical risks, avoiding specific mentions of Ukraine and Gaza in their discussions.
US Inflation Up Slightly in June as Consumer Spending Slows Down Amid Declining Income Growth
U.S. inflation in June ticked up slightly to 2.5% annually, while consumer spending cooled, prompting expectations that the Federal Reserve may cut interest rates in September.
Switzerland Orders Government Software to Become Open Source
Switzerland became one of the world’s first countries to mandate making its government website softwares to become open source with the implementation of the Federal Law on the Use of Electronic Measures for the Fulfillment of Government Tasks.
Trump Campaign's Financial Advantage Short-Lived as Democrats Surge with $100M Funds
Donald Trump and the RNC gained a financial edge over Democrats by June, but a historic fundraising surge followed Biden's withdrawal and endorsement of Kamala Harris.
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