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

China Ushers in 2026 with Economic Optimism and Cultural Flourishing

China has welcomed 2026 with widespread celebrations and a palpable sense of optimism, building on a successful 2025 that marked the completion of its...

China Rolls Out New Strategies to Stabilize Troubled Property Market

China's government is prioritizing the stabilization of its real estate sector, signaling a significant shift in economic policy. Facing mounting concerns over economic stability,...

China’s Property Market Plunges Deeper: Falling Prices and Sluggish Sales Signal Prolonged Downturn

China's real estate market is grappling with a deepening downturn, marked by persistent price declines and weak sales, now entering its fifth year. Despite...

China’s Property Woes Deepen: Vanke Seeks Bond Extensions Amidst Muted Credit Growth

China's real estate sector is facing renewed pressure as major developer China Vanke seeks extensions on bond payments, signaling a potential deepening of the...

Economic Uncertainty Fuels Rise of Recession-Based Content Online

Amid growing economic concerns, Kiki Rough, a 28-year-old self-employed consultant, has turned to sharing her experience and knowledge of cooking affordable meals during tough...

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