U.S. Budget Deficit Soars to $1.8T in Fiscal 2024
The U.S. budget deficit hits $1.833 trillion in fiscal 2024, the highest since before the pandemic, driven by increased interest costs and rising outlays.
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China Unveils Strategies for High-Quality Pension Finance at Financial Street Forum 2024
At the Financial Street Forum 2024 in Beijing, China spotlighted its three-pillar pension system, emphasizing public, enterprise, and private schemes for sustainable financial security.
Beijing Hosts 2024 Financial Street Forum to Enhance BRI Cooperation
The 2024 Financial Street Forum in Beijing gathers over 500 experts from 30+ countries to discuss economic trends and boost financial cooperation under the Belt and Road Initiative.
China to Gradually Raise Retirement Age: Premier Li Qiang Unveils Reform Strategy
Chinese Premier Li Qiang outlines a gradual increase in retirement age to address aging population and support modernization efforts, set to begin in 2025.
China Initiates 15-Year Plan to Raise Retirement Age and Boost Workforce
China is set to gradually increase retirement ages over the next 15 years to address a declining workforce and better utilize human resources, driven by rising life expectancy and education levels.
US Anticipates First Interest Rate Cut Since March 2022
Americans brace for a potential interest rate cut by the Federal Reserve in September, marking the first since March 2022.
Eurozone Inflation Drops: Bund Summit Reveals ECB’s Strategies
At the Bund Summit, experts discuss the eurozone’s inflation drop from 9% to 2.2%, exploring the ECB’s strategies to balance inflation and growth.
China’s August Manufacturing PMI Drops to 49.1, Signaling Economic Contraction
China’s manufacturing PMI fell to 49.1 in August from 49.4 in July, indicating a contraction in the sector and potential impacts on global markets.
Xi Jinping Pushes for Bold Reforms to Drive China’s Modernization
President Xi Jinping calls for all-out efforts to implement comprehensive reform tasks, aiming to drive China’s modernization and enhance global standing.
Unveiling the Truth: The Myth of China’s Debt Trap in Africa Debunked
Challenging the narrative of China’s ‘debt trap’ in Africa, this article highlights the proactive role of African governments and the positive outcomes of China-Africa cooperation.