U.S. Inflation Surge: Global Risks and Ripple Effects Explained
The IMF warns that rising U.S. inflation and fiscal deficits pose significant global risks, impacting developing nations and international trade dynamics.
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China Defends 3% Deficit Plan as Credit Outlook Turns Negative
China’s finance ministry defends its 3% deficit ratio for 2024 as Fitch Ratings downgrades the country’s credit outlook, emphasizing sustainable growth and strategic debt management.
Chinese Mainland’s SCIO Briefs Media on Investment and Fiscal Policies
Chinese mainland’s State Council Information Office held a press conference to discuss the latest investment trends, fiscal data, and upcoming economic policies.
China Boosts Economy with $550B in New Special-Purpose Bonds
China’s Finance Minister Lan Fo’an announces a proactive fiscal policy, including a $550 billion quota for new special-purpose bonds to support economic recovery.
China Confident to Achieve 2024 GDP Growth Target with Strategic Policies
China is set to achieve its 2024 GDP growth target of around 5% through strategic fiscal and monetary policies aimed at fostering innovation and sustainable development.