Economy News

Economy

China's 2023 GDP Revised Upwards: A 2.7% Leap Towards Economic Precision

China's 2023 GDP has been revised upwards by 2.7% to 129,427.2 billion yuan, reflecting growth in secondary and tertiary industries and an increase in employment, based on the fift...

Economy

Bank of Korea Eyes Rate Cuts in 2025 to Combat Economic Slowdown

The Bank of Korea plans to reduce the base interest rate in 2025 to alleviate economic slowdown pressures, emphasizing financial market stability and continuing lending system refo...

Economy

Soaring Exchange Rates Challenge South Korea: Exporters and Households Under Pressure

South Korea faces a challenging economic landscape as the won-dollar exchange rate soars past 1,460 won, impacting exporters and households. Government measures and political uncer...

Economy

South Korea Boosts Policy Finance to 247.5 Trillion Won for 2025, Focusing on Strategic Industries

South Korea increases policy finance to 247.5 trillion won for 2025, focusing on strategic industries like AI, semiconductors, and support for SMEs. The initiative aims to bolster ...

Economy

Japan Slashes 2024 GDP Growth Forecast to 0.4% Amid Industry Scandals and Export Decline

Japan's Cabinet Office has revised its 2024 GDP growth forecast down to 0.4% due to an automotive industry scandal and a decline in exports, while keeping the 2025 growth estimate ...

Economy

Russia Offers Multiple Gas Supply Routes to Europe Amid Tense Energy Situation

Russian Deputy Prime Minister Alexander Novak discusses Russia's readiness to supply gas to Europe through multiple routes, emphasizing the importance of agreements with Ukraine an...

Economy

China Prolongs Anti-Dumping Investigation on EU Brandy Until 2025

China has extended its anti-dumping investigation into EU brandy until April 2025, citing the complexity of the case. This decision follows Beijing's tariffs on European brandy, a ...

Economy

Siluanov Warns: Trump's Presidency Could Reshape Global Economy Impacting Russia

Russian Finance Minister Anton Siluanov discusses the potential global economic shifts under Trump's presidency and its implications for Russia, alongside the Russian government's ...