Tag #Economy

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usa.chinadaily.com.cn
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China's All-Solid-State Battery Push: 2030 Mass Production Predicted

Chinese automakers and battery manufacturers are leading the charge in developing all-solid-state batteries, with mass production anticipated by 2030, promising enhanced safety, energy density, and faster charging for EVs; companies like BYD, Changan, and Voyah are spearheading this technological ad...

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48% Bias Score

Industry, Innovation, and Infrastructure
usa.chinadaily.com.cn
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China Unveils Economic Stimulus Plan Focused on Consumption

China plans to boost its economy by increasing countercyclical adjustments, raising the budget deficit to around 4 percent of GDP, issuing 2 trillion yuan in special government bonds to support trade-in programs, and implementing additional measures to stimulate consumption and address weak domestic...

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44% Bias Score

No Poverty
usa.chinadaily.com.cn
🌐 85% Global Worthiness
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China's Visa-Free Policy Fuels Tourism Surge, Contradicting Western Media Narratives

China's expansion of its unilateral visa-free policy to 38 countries led to an 82.9 percent surge in inbound foreign trips to 64.88 million in 2024, with over 20 million visa-free entries, contradicting Western media claims and highlighting its success in boosting tourism and cultural exchange.

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48% Bias Score

Sustainable Cities and Communities
abcnews.go.com
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Climate-Resistant Coffee Offers Hope to South Sudan Amid Global Crisis

In South Sudan's Nzara County, farmer Catherine Bashiama cultivates the climate-resistant excelsa coffee, offering hope amid a global coffee crisis and the country's instability; initial exports are planned for 2024, with potential for $2 million in economic impact by 2027.

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40% Bias Score

No Poverty
abcnews.go.com
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US Tariffs Spark Short-Term Surge in Chinese Manufacturing Orders

Increased US tariffs on Chinese imports led to a surge in February 2024 manufacturing orders as importers rushed to beat the price hike, resulting in China's official purchasing managers' index rising to 50.2%, though economists warn of a potential slowdown.

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36% Bias Score

Decent Work and Economic Growth
apnews.com
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Eurozone Inflation Eases, ECB Poised for Rate Cut

Eurozone inflation eased to 2.4% in February, down from 2.5% in January, prompting the European Central Bank to likely cut interest rates to 2.5% on Thursday to boost sluggish economic growth, despite concerns about persistent service inflation and lingering political uncertainties.

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32% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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Whyalla Steelworks' \$1.34 Billion Debt Crisis

Whyalla steelworks, owned by Sanjeev Gupta's GFG Alliance, entered voluntary administration with \$1.34 billion in debt, impacting 4000 workers and the town of Whyalla, prompting a \$2.4 billion government rescue package.

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40% Bias Score

Decent Work and Economic Growth
usa.chinadaily.com.cn
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China's Auto Exports Surge in January 2024, but Future Growth Faces Headwinds

In January 2024, China exported 470,000 vehicles, a 6.1 percent increase year-on-year, driven by a 49.6 percent surge in NEV exports to 150,000 units; however, future growth is projected to slow due to increased external pressures.

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36% Bias Score

Decent Work and Economic Growth
forbes.com
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CDL Shares Tumble Amidst Kwek Family Boardroom Battle

Shares of City Developments Ltd. (CDL) fell 2.9% on Monday after a three-day trading halt caused by a public dispute between chairman Kwek Leng Beng and CEO Sherman Kwek over the company's control, impacting investor confidence and highlighting corporate governance issues.

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52% Bias Score

Decent Work and Economic Growth
abcnews.go.com
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Lutnick to Separate Government Spending from GDP Reports

Commerce Secretary Howard Lutnick announced plans to separate government spending from GDP calculations, arguing that current calculations are misleading. This follows Elon Musk's push for government spending cuts and could significantly alter economic analysis. The latest GDP report showed 2.3% gro...

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64% Bias Score

Decent Work and Economic Growth
cnn.com
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Mixue Bingcheng Overtakes McDonald's and Starbucks as World's Largest Food and Beverage Chain

Mixue Bingcheng, founded in 1997 in Henan, China, became the world's largest food and beverage chain by store count (over 45,000) by September 2024, exceeding McDonald's and Starbucks, due to its low-cost, high-volume business model and successful IPO raising \$444 million.

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40% Bias Score

No Poverty
lexpress.fr
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France Unveils Plan to Curb Public Deficit, Enhance Transparency

France's government unveiled a multi-pronged plan to tackle its widening public deficit, involving enhanced parliamentary oversight, increased transparency via a new forecasting circle and public dialogue, aiming for a 5.4% deficit-to-GDP ratio by 2025 after an S&P warning.

Progress

40% Bias Score

Reduced Inequality

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