U.S. Debt Soars Over $35 Trillion: Nobel Laureate Sounds Alarm
Nobel laureate Michael Spence warns that the U.S. national debt, now over $35 trillion, could lead to catastrophic consequences.
Economy
U.S. National Debt Surpasses $35 Trillion Milestone
The United States’ national debt has exceeded $35 trillion for the first time, highlighting growing economic challenges and calls for fiscal responsibility.
Italy and China Deepen Ties for Economic and Environmental Progress
Italian PM Giorgia Meloni’s visit to China marks a new era of bilateral cooperation, focusing on economic growth and climate initiatives.
Escalating Arms Race: The Hidden Cost of Global Tensions
Global tensions drive a record $2.4 trillion increase in military spending, overshadowing essential sectors like healthcare and climate action.
China’s Industrial Profits Climb 3.5% in First Half of 2024
China’s industrial firms achieved a 3.5% profit growth in the first half of 2024, indicating a steady recovery and positive trend in the industrial sector.
Wuxi Shines as a Cultural and Economic Powerhouse in Jiangsu
Discover how Wuxi combines economic prowess with cultural richness, as discussed by Pu Xujin from Jiangnan University.
China’s Economic Vision: Pacific Perspectives
Discover China’s new economic direction and Pacific countries’ insights in CGTN’s special program.
Chinese Mainland Cuts Lending Rates to Boost Economic Growth
The Chinese mainland has cut its benchmark lending rates to lower financing costs, stimulate investment, and support economic recovery.
Global Investors Bullish on Chinese Mainland’s Economic Growth
Overseas financial institutions express confidence in the Chinese mainland’s economy, citing robust GDP growth, advancements in high-tech manufacturing, and strong investment and export performance.
China Urges Global Unity Against US Semiconductor Pressure
China’s Ministry of Commerce urges nations to resist US economic pressure in the semiconductor sector, advocating for market principles and global supply chain stability.