The United States is the world’s largest economy in terms of gross domestic product (GDP). China is the second Asian country in this list. However, China wants to overtake the United States as the world’s top economy and take this place by itself. The country is adopting a new strategy for this. According to the […]
Read MoreSince China began liberalizing its economy in 1978, the country’s gross domestic product, or GDP, has been growing at an average annual rate of more than nine percent. The country, which has become the driving force of global growth, only grew by 2.2 percent during the 2020 pandemic, China’s lowest growth record in decades. However, […]
Read MoreWhile China celebrates a rebound in its industrial sector, there’s a stark contrast painted by looming challenges elsewhere in the economy, hinting at a nuanced narrative of recovery. The latest data revealing a surge in manufacturing activity, marked by a 50.8 reading on the official purchasing managers index, underscores a palpable momentum toward economic rejuvenation. […]
Read MoreIn a much-awaited turnaround, China’s manufacturing sector has shown signs of revival, marking the first uptick in factory activity in five months. Official data released by the National Bureau of Statistics revealed that the Purchasing Managers’ Index (PMI) for March soared to 50.8, signaling a notable expansion compared to the previous month’s figure of 49.1. […]
Read MoreSaudi Arabia’s Islamic Trade Finance Corporation (ITFC) has signed an agreement to invest 1.4 billion US dollars in Bangladesh Petroleum Corporation (BPC). The Saudi Press Agency, the country’s state news agency, said in a report that the agreement was signed on Monday (March 25). ITFC is a part of the Islamic Development Bank of Saudi […]
Read MoreIndia’s currency continues to depreciate against the US dollar. The currency also depreciated on Friday. The value of the Indian rupee has fallen to an all-time low. This information has been revealed in a report by the news agency Reuters and Indian Express. According to the report, the price of the main international currency US […]
Read MoreSaudi Arabia’s Public Investment Fund (PIF) is reportedly in early discussions to acquire the national carrier, Saudia, as part of its ambitious plans to transform the kingdom into a tourism powerhouse. Sources familiar with the matter revealed that the sovereign wealth fund is contemplating a potential deal that would integrate Saudia, with its 80-year legacy, […]
Read MoreChina’s economic performance in the initial months of 2024 has presented a tale of two sectors, with industrial output and retail sales painting a promising picture, while the property market continues to grapple with challenges, leaving policymakers with a complex balancing act. Data released by the National Bureau of Statistics (NBS) showcased a robust industrial […]
Read MoreIn a landmark move bolstering economic cooperation and strategic partnership, United States Commerce Secretary Gina Raimondo unveiled plans for US companies to invest over $1 billion in the Philippines during her official visit to Manila. Raimondo’s visit marks the initiation of a two-day trade and investment mission, representing the first of its kind for the […]
Read MoreGlobal oil prices experienced a decline on Monday, with Brent futures slipping below $82 a barrel, driven by a combination of persistent geopolitical concerns in the Middle East and uncertainties about softening demand in China. As of 1222 GMT, Brent futures were down 31 cents at $81.77 a barrel, while US West Texas Intermediate (WTI) […]
Read More
