BEIJING, CHINA | Xinhua | Recent remarks by U.S. officials accusing China of “flooding” global markets with exports and calling for a “rebalancing” of its economy are merely recycled arguments long used against China. These claims disregard the profound changes taking place as China advances toward high-quality and sustainable economic …
Read More »Toyota cuts fiscal 2025 net profit forecast due to U.S. tariff
TOKYO, JAPAN | Xinhua | Toyota Motor Corp. on Thursday revised its net profit forecast for the current fiscal year ending March 2026 downwards to 2.66 trillion yen (about 18 billion U.S. dollars) due to higher U.S. auto tariffs. The full-year net profit estimate marked a 44.2 percent drop from …
Read More »Resilience of Chinese economy anchors global stability
BEIJING, CHINA | Xinhua | Amid escalating global uncertainties fueled by rising unilateralism, protectionism and geopolitical tensions, China’s commitment to stable policymaking and consistent long-term planning stands as a vital asset for the stability of the global economy. This stable and promising policy environment was reaffirmed at the meeting of …
Read More »Analysts criticize U.S. tariff hikes for undermining global trade order
BEIJING, CHINA | Xinhua | The U.S. modified tariffs with dozens of its trading partners are set to take effect on Thursday, amid widespread concern across the globe that the new rates of levies, ranging from 10 percent to 40 percent, will harm the global trade order. Many political leaders …
Read More »SURVEY: Americans struggling financially amid rising living costs
SACRAMENTO, United States | Xinhua | U.S. families are facing deepening financial distress amid rising costs of living, with many forced to take on debt, skip meals or forgo medical care to make ends meet, recent surveys have shown. According to a survey released last week by the Century Foundation, …
Read More »The US is now an superpower
Since returning to the White House, Donald Trump has slashed foreign aid and weaponized the United States’ economic power to bully long-standing allies, underscoring his administration’s abandonment of multilateralism COMMENT | Moreno Bertoldi and Marco Buti | In a matter of months, both the international role and global standing of the …
Read More »Ramaphosa, Putin discuss Ukraine peace in phone call
JOHANNESBURG, SOUTH AFRICA | Xinhua | South African President Cyril Ramaphosa held a telephone discussion on Thursday with his Russian counterpart, Vladimir Putin, on the peace process with Ukraine. “President Putin expressed his recognition and appreciation for South Africa’s involvement in advancing a peace process between Russia and Ukraine,” according …
Read More »U.S. abuse of tariffs has already backfired
BEIJING, CHINA | Xinhua | Washington has turned tariffs into instruments of coercion — used to extract big money from allies and rivals in exchange for access to the U.S. market. By forcing compliance, showers of ultimatums laid bare Washington’s abuse of threats and coercion as a defining feature of …
Read More »Xi urges studying, absorbing netizens’ opinions in formulating Five-Year Plan
BEIJING | Xinhua | Chinese President Xi Jinping has stressed efforts to study and absorb netizens’ opinions in formulating the country’s 15th Five-Year Plan (2026-2030), following an online campaign to seek netizens’ opinions on the plan. Xi, also general secretary of the Communist Party of China Central Committee and …
Read More »Thousands join pro-Palestine protest across Sydney Harbor Bridge
SYDNEY | Xinhua | Tens of thousands of Australians marched across Sydney’s iconic Harbor Bridge on Sunday to protest the ongoing war and famine in Gaza. The protest, organized by advocacy network the Palestine Action Group, went ahead on Sunday afternoon despite heavy rainfall. Thousands of protesters carrying Palestinian flags …
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