Donald Trump, China foreign ministry spokesman Lin Jian China on Tuesday vowed to fight “till the bitter end” if the United States continues its trade war, following Washington’s decision to double tariffs on Chinese imports. Beijing accused the US of using the fentanyl crisis as a “flimsy excuse” to justify the tariff hikes and announced…
South Korea’s central bank vowed to stabilize financial markets and highlighted the importance of “uninterrupted implementation” of key fiscal and economic measures, in its first statement since lawmakers voted to impeach President Yoon Suk Yeol. “The Bank of Korea intends to utilize all available policy instruments, in conjunction with the government, to respond to and…
US Treasury Secretary Janet Yellen and China’s deputy finance minister Liao Min met in Washington on Friday to discuss macroeconomic policy developments, including Beijing’s most ambitious stimulus measures since the coronavirus pandemic. China reported third quarter growth of 4.6 per cent, the lowest figure since the same period last year. Beijing has recently announced a…
Alexis Demarco / picture alliance via Getty Images Men at a silver mine in Bolivia earlier this year. Key Takeaways Mining company stocks sank Tuesday after China’s latest moves to boost its economy fell short of a hoped-for major stimulus package. The country’s economic planning agency maintained that China still expects to meet its annual…
President Xi Jinping has subtly toned down China’s focus on achieving its annual economic growth goals this year, seemingly indicating the difficulties faced by the world’s second-largest economy in achieving its “around 5 per cent” gross domestic product target. “We should strive to fulfil the economic and social development goals and tasks for the whole…