In a recent interview with People\’s Daily, Zivadin Jovanovic, president of the Belgrade Forum for a World of Equals and Silk Road Connectivity Research Center, discussed the profound friendship betwee
Tag: recession
Yearender: 2023 witnesses more economic, political, social chaos in U.S.
Representatives cast their votes for House Speaker in the House chamber in Washington, D.C., the United States, on Oct. 18, 2023. (Photo by Aaron Schwartz/Xinhua)
If asked to describe U.S. politics fo
\”Long way to go\” before agreements reached to end strike in Detroit, says union chief
There is still \”a long way to go\” before tentative labor agreements can be reached between the big three U.S. automakers and the Detroit-based United Auto Workers (UAW) to end the strike which has ent
U.S. President Biden warns of dire consequences of debt default
U.S. President Joe Biden speaks at SUNY Westchester Community College in Valhalla, New York, the United States, on May 10, 2023. (Photo by Mykyta Starychenko/Xinhua)
NEW YORK, May 11 (Xinhua) — U.S.
China dismisses deflation concerns, sees basically stable market supply, demand
BEIJING, April 18 (Xinhua) — Deflation is not seen in China at present and will not be seen in the next stage, an official said Tuesday, noting that market supply and demand remained basically stable
U.S. retail sales plunge amid fear of recession
WASHINGTON, April 14 (Xinhua) — U.S. retail sales dropped significantly in March amid worries that high-interest rates will spark a recession, according to advance estimates released by the U.S. Cens
U.S. Fed chair blamed for recession: The Hill
NEW YORK, March 30 (Xinhua) — The Democratic administration of the United States recklessly spent too much, heedless of the overheating economy, bank supervisors did a lousy job preventing problems e
China\’s foreign trade to conquer challenges in 2023
To cope with the challenges of economic recession and inflation in the external environment, the Chinese government plans to boost growth in international trade by maintaining the trade volume and upg
Stuck in conundrum: US sees rising economic polarization
Editor\’s Note:The US may have the largest economy in the world, but it is also the most economically polarized country in the West. It has long been stuck in a situation in which the rich get richer a
China urges self-choice on human rights
China will keep following its own path of human rights development and opposes using human rights as a pretext for interference and containment, Foreign Minister Qin Gang said in a UN address on Monda