Economy News

Economy

China Announces 7.2% Increase in Defense Budget for 2025 Amid Economic Growth Targets

China plans a 7.2% increase in defense spending for 2025, alongside a significant issuance of local government bonds and a GDP growth target of around 5%. The government also empha...

Economy

China's Service Sector Sees Accelerated Growth in February, PMI Climbs to 51.4

China's service sector expanded faster in February with PMI climbing to 51.4, surpassing expectations and indicating growth in supply, demand, and external demand.

Economy

Bank of Japan's Ueda Highlights Geopolitical Risks and Their Impact on Global Capital Flows

Bank of Japan Governor Kazuo Ueda warns of the potential for geopolitical tensions to cause abrupt shifts in capital flows and highlights the importance of global economic cooperat...

Economy

Australia's Economy Surges: Q4 GDP Growth Exceeds Expectations

Australia's GDP grew by 1.3% year-on-year in Q4 2024, exceeding expectations. Quarterly growth also surpassed forecasts, supported by public and private spending and increased expo...

Economy

February Sees a Surge in Japan's Service Sector Activity: A Detailed Analysis

Japan's service sector experienced a significant boost in February, with the Jibun Bank Japan Services Business Activity Index rising to 53.7. This growth, the strongest since last...

Economy

China Sets Sights on 5% GDP Growth by 2025 Amid Economic Strategy Shift

China aims for a 5% GDP growth by 2025, adjusting fiscal policies, creating jobs, increasing defense spending, and issuing treasury bonds to ensure economic stability and growth.

Economy

Vietnam's Agro-Forestry-Fisheries Exports Soar by 8.3%: A Deep Dive into the Surprising Growth

Vietnam's agro-forestry-fisheries exports surged by 8.3% over two months, with February alone seeing a 37.2% increase. Key sectors like agriculture, aquatic, and forestry products ...

Economy

February Sees a Gradual Slowdown in Australian Services Sector Growth

The Australian services sector's expansion pace slowed in February, raising questions about its impact on the broader economy. Despite this, resilience in certain areas offers a si...