Economy

US Diesel Hits Record $6.06 a Gallon as Iran War Squeezes Supply

U.S. diesel prices reached a record $6.06 per gallon on September 11 as the Iran and Ukraine wars tightened fuel supply and raised transport costs.

China Tests Star-Based Navigation for Its 2030 Jupiter Mission

Chinese researchers tested stellar aberration navigation aboard the Tianhui-7 satellite in January, fixing its position to within 5km ahead of a 2030 Jupit

Hong Kong Cuts Subsidised Physiotherapy Places by a Third for 2027-28

Hong Kong's Education Bureau cut subsidised physiotherapy places by about a third for 2027-28 as graduates face a tightening job market

China Sets 2030 Target for Public Cultural Services in 15th Five-Year Plan

China's Ministry of Culture and Tourism issued a 15th Five-Year Plan for public cultural services, setting 2030 targets and 18 key engineering projects.

China Unveils Publishing Industry Plan for 2026–2030 With 33 Major Projects

China's National Press and Publication Administration has issued a publishing industry plan through 2030, listing eight priority areas and 33 major project

Europe’s IPO market surges to fastest start since 1995, led by major defence listing

Europe’s IPO market has started 2026 at a record pace, with early listings raising hopes of a revival as investors return and major flotations boost confidence.

Singapore expected to keep policy steady as growth beats forecasts and inflation stays contained

Singapore is expected to keep monetary policy unchanged as growth strengthens and inflation remains contained, giving MAS room to maintain a stable exchange-rate stance.

German business confidence stabilizes as outlook improves slightly and current view softens

Germany’s Ifo business climate index held steady in January at 87.6, showing cautious sentiment as expectations improved slightly while firms judged current conditions more negatively.

Beijing sets 4.5%–5% growth goal as China weighs lower 2026 GDP target

China is expected to set a 2026 GDP growth target range of 4.5% to 5% to gain policy flexibility, while Beijing sets a similar growth goal for the next five years.

China’s Property Woes Trigger Art Market Meltdown

China's once-booming art market is experiencing a significant downturn, directly linked to the ongoing property crisis gripping the nation. The fallout from the real...

Premier Li Champions Innovation-Driven Growth in Guangdong, Urges Strong Start to 15th Five-Year Plan

Premier Li Qiang concluded a significant inspection tour of Guangdong Province, emphasizing the critical role of innovation in driving China's future development. The visit,...

China’s Green Ambitions: A Strategic Economic Gambit

China is increasingly leveraging its ambitious climate goals as a strategic economic advantage. By investing heavily in renewable energy and green technologies, the nation...

China Targets $980 Billion Sports Economy by 2030

China is embarking on an ambitious plan to significantly expand its sports sector, aiming to reach a valuation of 7 trillion yuan (approximately $980...

China Charts Course for 2026: Proactive Policies, Consumer Boost, and Strategic Tariff Adjustments

China is signaling a proactive approach to its economic trajectory for 2026, with significant policy adjustments aimed at bolstering domestic demand and fostering strategic...

China’s Manufacturing Sector Navigates Overcapacity, Expansion, and Export Curbs

China's manufacturing sector is presenting a complex picture, marked by signs of overcapacity and industrial expansion, while simultaneously implementing export restrictions on key materials....

China’s Hidden Bond Tactic Offers Double Yields in Hong Kong

A clandestine practice, previously cracked down upon in mainland China, is resurfacing in Hong Kong's bond market. Local government financing vehicles (LGFVs) are reportedly...

China Continues Gold Accumulation for Ninth Month as Forex Reserves Decline

China's central bank has continued its strategy of increasing gold holdings, marking the ninth consecutive month of accumulation in July. This move comes as...

China’s US Treasury Holdings Hit 17-Year Low Amid Shifting Global Economic Landscape

China has significantly reduced its holdings of U.S. Treasury bonds, reaching the lowest level since 2008. This strategic shift, occurring over several years, reflects...

China’s Economy Shifts Gears: AI, Green Energy, and Niche Tourism Drive Growth

China's economy is undergoing a significant structural transformation, with emerging industries like artificial intelligence and new energy sources poised to reshape the labor market...

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