Federal Reserve Implements Historic 0.5% Interest Rate Cut
The Federal Reserve has made a historic decision to cut its benchmark interest rate by 0.5%, aiming to boost economic growth during challenging financial times.
Economy
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Fed Slashes Rates by 50 Basis Points Amid Cooling Inflation
Breaking: The U.S. Federal Reserve has cut interest rates by 50 basis points for the first time since 2020, signaling a shift to easing amid cooling inflation and a stabilizing labor market.
China-Middle East Trade Corridor Rapidly Expands, Says StanChart
The China-Middle East trade corridor is rapidly expanding, with China becoming the GCC’s largest trading partner and boosting infrastructure in the region, says StanChart’s Ben Hung.
China’s NPC Begins Legislative Session, Reviews Key Laws and Initiatives
China’s National People’s Congress begins its session, reviewing key laws on defense education, energy transition, public health, and economic growth, highlighting continued national development.
China Eases Foreign Investment Restrictions in Manufacturing for 2024
China’s top economic planners have removed foreign investment restrictions in manufacturing for 2024, aiming to foster a more open and welcoming economy.
China’s Innovation Surge Poised to Drive Long-Term Economic Growth
At the 2024 Bund Summit, experts highlight China’s strong innovation capacity and technological advancements as the driving forces behind its long-term economic growth.
Anhui Boosts Economy with New Low-Altitude Tourist Routes
Anhui accelerates its low-altitude economy with new tourist routes and plans to establish 30 low-altitude application scenarios by 2025.
Global Manufacturing PMI Steady at 48.9, Five-Month Contraction Continues
Global Manufacturing PMI holds steady at 48.9 in August, marking five months of contraction. Asia shows stability above 50, while Europe and Americas remain below.
China’s New Trade-In Policies: Boosting Consumption and Industrial Upgrades
China’s new trade-in policies are set to boost consumption and upgrade industrial equipment, driving economic growth and innovation across the nation.
Mainland Resumes Import of Premium Taiwanese Wendan Pomelos
Mainland China has resumed importing premium Wendan pomelos from Taiwan, enhancing cross-strait trade and supporting registered Taiwanese orchards.