France Commits to Reducing Deficit Below 3% by 2027
France vows to cut its public deficit below 3% of GDP by 2027, responding to EU’s call for fiscal responsibility. Finance Minister Bruno Le Maire leads the commitment.
Economy
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Hong Kong Climbs to 5th in Global Competitiveness Rankings for 2024
Hong Kong rises to fifth place in IMD’s 2024 World Competitiveness Ranking, showcasing strengths in business efficiency and infrastructure.
Mexico Unveils New Interoceanic Railroad to Boost Regional Industry
Mexico launches Interoceanic Railroad connecting Pacific and Atlantic coasts, aiming to enhance freight efficiency and ignite regional industrial growth.
No Overcapacity in Chinese Mainland for Climate Action, Says Stephen Roach
Stephen Roach emphasizes the Chinese mainland’s crucial capacity in combating climate change and criticizes the U.S. for its lack of green technology production.
Extreme Weather Takes Toll on Italy’s Agriculture in 2023
Extreme weather in 2023 led to significant declines in Italy’s agriculture, forestry, and fishing sectors, affecting production, value, and employment.
EU to Increase Duties on Chinese EVs Amid Trade Tensions
The European Commission plans to impose additional duties on Chinese electric vehicles, citing anti-subsidy concerns that could impact both Chinese exporters and European automakers.
China and New Zealand Set to Elevate Strategic Partnership
Chinese Premier Li Qiang and New Zealand PM Christopher Luxon announce plans to upgrade their strategic partnership, focusing on areas like biomedicine, agriculture, and digital economy.
BCECC Chair Warns: More Trade Barriers Could Set Europe Back
BCECC Chairman Bernard Dewitm warns that Europe’s move to impose more trade barriers could lead to economic regression and retaliatory tariffs from China and other nations.
The Chinese Mainland’s May CPI Rises for Fourth Consecutive Month, PPI Decline Narrows
The Chinese mainland’s May CPI grew by 0.3%, marking four consecutive months of rise, while the PPI decline narrowed, according to the National Bureau of Statistics.
Quzhou Port Boosts Zhejiang’s ‘Sweet Potato Economy’ in Yangtze River Delta
Zhejiang’s Quzhou Port is driving the growth of the innovative ‘sweet potato economy’ in the Yangtze River Delta, fostering sustainable and integrated economic development.