The continuous increase in the U.S. debt ceiling, which makes its creditors foot the bill, has been accumulating risks for the global economic and financial system.
Tag: economic
Philippine president stresses vital role of key Filipino-Chinese business organization
MANILA, June 7 (Xinhua) — Philippine President Ferdinand Romualdez Marcos on Wednesday underlined the vital role of the Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII
Doubts surface over whether debt ceiling bill can mitigate U.S. economic risks
BEIJING, June 8 (Xinhua) — Despite U.S. President Joe Biden touting the bipartisan agreement on the debt ceiling as \”a big win\” for the country, global concerns about the risks of America\’s economy h
Unified market set to further boost vitality
Moves reflect nation\’s resolve to expand high-level opening-up, experts say
China will continue to push for greater market access for foreign investors as part of its ongoing efforts to expand high-le
Inaugural Darwin Int\’l Dragon Boat Festival brings Chinese culture closer to Australia
The inaugural Darwin International Dragon Boat Festival is held in Darwin, the capital city of Australia\’s Northern Territory on June 4, 2023. (Photo/Zhengzheng Huang)
The inaugural Darwin Internation
World\’s biggest trade deal takes effect for all members, boosting regional economic integration
BEIJING, June 2 (Xinhua) — The Regional Comprehensive Economic Partnership (RCEP) agreement came into force in the Philippines on Friday, meaning the world\’s largest free trade pact is now in effect
RCEP trade deal to enter into force for Philippines
MANILA, June 1 (Xinhua) — The Regional Comprehensive Economic Partnership (RCEP) will enter into force for the Philippines on Friday, allowing the Southeast Asian country to participate in the world\’
RCEP agreement in effect for all 15 members
BEIJING, June 2 (Xinhua) — The Regional Comprehensive Economic Partnership (RCEP) agreement took effect on Friday for the Philippines, marking the RCEP agreement is in effect for all 15 members.
Chinese commerce minister meets Elon Musk
BEIJING, May 31 (Xinhua) — Chinese Minister of Commerce Wang Wentao met with Tesla CEO Elon Musk on Wednesday in Beijing.
They had an extensive and in-depth exchange on topics such as China-U.S. econ
U.S. retailers face huge costs on theft: FT
LONDON, May 30 (Xinhua) — A surge in the number of thefts has cost some retailers in the United States hundreds of millions of U.S. dollars on extra security and surveillance, the Financial Times (FT