Tag #Economy

spanish.china.org.cn
🌐 85% Global Worthiness
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China's Booming Imported Fruit Market: A 40% Kiwi Surge and $2.8B Cherry Boom

Driven by rising demand for premium fruits, China's imported fruit market saw a 15% CAGR (2014-2023), with New Zealand kiwifruit sales surging 40% in 2024 and Chilean cherry imports exceeding $2.8 billion (Jan-Nov 2024).

Progress

48% Bias Score

Reduced Inequality
chinadaily.com.cn
🌐 85% Global Worthiness
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RCEP: Lowering Trade Costs Amidst Global Uncertainty

The Regional Comprehensive Economic Partnership (RCEP), encompassing 15 Asia-Pacific nations, entered its third year on January 1, 2022, significantly reducing trade costs by eliminating tariffs on over 90% of traded goods and lowering non-tariff barriers, despite global trade cost increases due to ...

Progress

40% Bias Score

Decent Work and Economic Growth
europe.chinadaily.com.cn
🌐 85% Global Worthiness
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Global Tourism Recovers to Near Pre-Pandemic Levels in 2024

In 2024, international tourist arrivals reached 1.4 billion, an 11 percent increase, recovering to 99 percent of 2019 levels, driven by restored air capacity and strong demand; spending reached $1.6 trillion.

Progress

32% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Smithfield Foods Targets $10.73 Billion Valuation in Landmark IPO

Smithfield Foods, the largest U.S. pork processor, is targeting a $10.73 billion valuation in its New York IPO, its largest since 2021, raising up to $939.6 million by offering 17.4 million shares priced between $23 and $27; the company plans to reduce pig production by 21% in 2024 compared to this ...

Progress

40% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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CMS Drug Price Controls Under IRA Threaten Pharmaceutical Innovation

CMS announced price negotiations for 15 drugs under the IRA, imposing penalties up to 95% of U.S. sales for non-compliance; this discourages R&D, potentially resulting in fewer new drugs and harming patients, with studies projecting a loss of 135 new drugs and $663 billion in R&D spending by 2039.

Progress

60% Bias Score

Good Health and Well-being
africa.chinadaily.com.cn
🌐 85% Global Worthiness
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China Unveils Plan to Boost New Energy Vehicle Sector

China's Ministry of Industry and Information Technology announced plans to bolster its new energy vehicle sector through technological advancements in new system batteries, infrastructure development, and broader economic support, solidifying its global leadership in electric mobility.

Progress

36% Bias Score

Industry, Innovation, and Infrastructure
china.org.cn
🌐 85% Global Worthiness
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China Unveils Plan to Strengthen NEV Sector Through Technological Advancements and Infrastructure Development

China plans to bolster its new energy vehicle (NEV) sector by prioritizing new system battery technology and expanding battery-swapping infrastructure, leveraging its current manufacturing dominance and extensive charging network to maintain its global leadership in the NEV market.

Progress

32% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 85% Global Worthiness
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ECB Unconcerned About Imported Inflation, to Continue Gradual Rate Cuts

ECB President Christine Lagarde stated on Wednesday that the institution is not overly concerned about imported inflation from the U.S. and will continue to gradually cut interest rates; Eurozone inflation was 2.4% in December, and the ECB aims to reach its 2% inflation target by 2025.

Progress

36% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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Gen Z Demands Data-Driven ESG Accountability

Gen Z investors are demanding transparency and accountability from companies regarding their ESG initiatives; a KPMG survey indicates 75% of sustainability sector companies are unprepared for ESG data assurance, while McKinsey research shows Gen Z is de-emphasizing sustainability in purchasing decis...

Progress

52% Bias Score

Climate Action
africa.chinadaily.com.cn
🌐 85% Global Worthiness
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US Tariffs on China Risk Inflation, Slowing Growth

The US plans to impose massive tariffs on China, risking higher inflation and slower US growth, while China aims for a 5% GDP growth in 2025 through domestic market revitalization.

Progress

40% Bias Score

Reduced Inequality
french.china.org.cn
🌐 85% Global Worthiness
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US Tariffs on China: Inflationary Risks and China's Response

Economists predict that the US's planned massive tariffs on Chinese goods will increase inflation and slow US economic growth, while China plans measured policy responses to boost domestic demand and maintain its 5% GDP growth target in 2025.

Progress

48% Bias Score

Reduced Inequality
cnbc.com
🌐 85% Global Worthiness
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Strong Earnings Drive Market Higher Despite Tech Stock Downgrades

Strong corporate earnings reports, including record subscriber growth for Netflix and exceeding expectations for United Airlines and several pharmaceutical companies, drove Wall Street higher; however, analysts lowered price targets for Microsoft and Apple.

Progress

60% Bias Score

Good Health and Well-being