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China Meets 2024 Growth Target as Trade Tensions and Deflation Threaten 2025

China’s economy ended 2024 on a strong note, achieving its fastest quarterly growth in over a year. However, escalating trade tensions under the Trump presidency and the threat of deflation pose serious challenges to its 2025 growth outlook. Exports surged, and ...

China’s Population Decline Hits Third Year, Economic and Global Aspirations at Risk

China’s population has fallen for the third consecutive year, with official government data confirming a drop of 1.39 million people in 2024, bringing the total to 1.408 billion. This ongoing decline underscores mounting demographic challenges for the world’s second-largest economy ...

Vietnam Challenges Thailand as Durian Export Leader Amid China’s Booming Demand

Vietnam’s durian industry is booming, fueled by China’s increasing love for the “King of Fruits.” In 2024, Vietnam’s durian exports hit an impressive $3.3 billion, a staggering almost 8-fold increase from 2022. This rapid growth highlights the country’s strategic ...

Indonesia and China Strengthen Defense Ties, Plan Joint Exercises and High-Level Talks

Indonesia and China are deepening their bilateral relationship, with plans for joint military exercises between the Indonesian National Armed Forces (TNI) and the People’s Liberation Army (PLA) along with a so-called "2 plus 2 Meeting" in Beijing that includes the defense and foreign ministers from both ...

Inside Indonesia’s 2025 Foreign Policy: What’s Shifting Between the Lines and Why It Matters for the World

The world, according to Indonesia’s Minister of Foreign Affairs Sugiono, is facing a critical juncture. In his annual policy statement last Friday, Sugiono described global solidarity as weakening, multilateral institutions as increasingly ineffective, and international law as under threat. ...

Beijing Orders Expansion of Overseas Critical Mineral Reserve Reporting Amid U.S.-China Tensions

China is intensifying its efforts to secure critical mineral resources, fueling its competition with Washington in the global quest for essential materials. On Monday, the Chinese Ministry of Commerce rolled out new rules requiring Chinese mining companies operating overseas ...

BYD Leads Indonesia’s Electric Vehicle Market in 2024, Challenging Wuling’s Overall Dominance

Chinese automakers transformed Indonesia’s electric vehicle (EV) landscape in 2024, with BYD emerging as the dominant force in battery electric vehicle (BEV) sales and challenging Wuling’s long-standing leadership across all vehicle categories. The fierce competition highlights the growing influence of ...

Indonesia Officially Joins BRICS as Full Member, Brazil Confirms

Indonesia has officially joined BRICS as a full member, marking a significant expansion of the bloc, which currently includes Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates. The announcement came from Brazil on Monday, ...

World Bank Boosts China’s Growth Forecasts, Calls for Structural Reforms

The World Bank has revised its growth outlook for China upward but warned that the country must implement bold structural reforms to address persistent economic vulnerabilities. In its December 2024 China Economic Update, the World Bank forecasted GDP growth ...

Indonesia, Malaysia, and Thailand Secure BRICS Partner Status with China’s Full Support

Indonesia, Malaysia, and Thailand are confirmed to become BRICS partner countries starting January 1, 2025, according to Kremlin aide Yury Ushakov. “One of the important results of the summit was the establishment of the category of BRICS partner countries and ...

Indonesia Secures $7.4 Billion Fresh Investment Commitment from China

Indonesia has secured $7.4 billion in new investment commitments from China, marking a significant boost to the nation’s economic and industrial sectors. The announcement came during a five-day visit by Indonesia’s Minister of Investment and Head of the Investment Coordinating ...

Indonesian and Malaysian Leaders to Discuss Regional Priorities and Challenges Amid China-U.S. Tensions

Malaysian Prime Minister Anwar Ibrahim is set to meet with Indonesian President Prabowo Subianto and former Thai Prime Minister Thaksin Shinawatra on the Malaysian island of Langkawi near the Thai border as part of efforts to bolster ASEAN cooperation amid growing geopolitical and economic challenges.
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