The BRICS group wrapped up its two-day leaders’ summit in Rio de Janeiro on Monday. The summit’s final communique is a 16,000-word doorstop that covers numerous issues from economics to education.
The communique avoids any direct mention of the United States, and references to “unilateralism” and other coded criticism are also relatively scarce. Rather, the communique keeps the focus on the BRICS’ vision of the strengthening and reform of the global multilateral system ...
Tag: economy
Related Posts
China Factory Activity Hits Lowest Since 2022, Survey Shows
Chinese factory activity hit a more than two-year low in May, a closely watched survey showed Tuesday, as a detente in Beijing's trade war with Washington was offset by ongoing domestic problems in the world's number two economy. China and the ...
Singapore Downgrades Growth Forecast Amid U.S.-China Trade War
Singapore on Monday downgraded its economic growth forecast for this year, the government said, as the trade-dependent nation braces for the effects of sweeping U.S. tariffs and the U.S.-China trade war. Although President Donald Trump imposed the baseline 10 percent tariffs ...
Malaysia Says to Host China’s Xi From April 15
Malaysia's government announced Wednesday it will host Chinese President Xi Jinping for a three-day visit next week, as the two countries grapple with tariffs imposed by the United States. The state visit will go from April 15 to 17, Communications Minister ...
China Manufacturing Activity Grows for Second Straight Month
China's manufacturing activity grew in March for the second month in a row, official data showed Monday, as the world's second-largest economy fights to climb out of a prolonged slump. Authorities have looked in recent months to revive confidence in the ...
Trade and Growth on Agenda for Key China Meeting
By Isabel Kua and Peter Catterall China's largest political event of the year begins in Beijing on Tuesday, as U.S. tariffs cast a cloud over closed-door meetings involving thousands of delegates from across the country. ...
Beware False Idols: The Pitfalls of Copy-Paste Development Models
By Felix Brender 王哲謙 At this year’s Munich Security Conference, the U.S. put on such an antagonistic performance that China barely had to lift a finger to win brownie points. All Beijing had to do was sit back, radiate calm, and ...
China Manufacturing Activity Contracts for First Time in Four Months
China's manufacturing activity shrank in January for the first time in four months, official data showed Monday, as Beijing battles to sustain the recovery in the world's second-largest economy. Policymakers have battled to reverse a post-pandemic slump driven by a crisis ...
Asian Traders Give Mixed Reaction as China’s Economic Growth Slows
Asian markets were mixed Friday as data showing China's economy grew slightly quicker than expected last year failed to inspire investors, with Beijing battling to revive consumption and boost the battered property sector. The five percent expansion was in line with ...
BRICS Aims to ‘Build’ Global Ties as Trump Takes Office: Brazil
By Juan Sebastián Serrano Brazil will seek to build relationships and not worsen an already tense global mood while holding the rotating presidency of the BRICS bloc of developing economies, a top official told AFP. ...
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 ...
China Manufacturing Expands for Second Straight Month
China saw an uptick in industrial output for the second straight month in November, government data showed Saturday, an encouraging sign for officials as they battle stagnant activity. Beijing has, in recent weeks, announced a slew of the most aggressive measures ...
Debt-Saddled Laos Struggles to Tame Rampant Inflation
By Thanaporn Promyamyai and Damon Wake Suffocating under a mountain of debt to China, Laos is struggling to tame rampant inflation, with food prices rising so sharply that a growing number of households are resorting to foraging.