TOKYO, March 19 (Xinhua) — The Bank of Japan (BOJ) on Tuesday decided to end its negative interest rate policy in its first rate hike in 17 years, marking a major shift away from the long-running mon
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Saudi Arabia sets ambitious tourism goal
Saudi Arabia\’s tourism sector is booming after a banner year when the Arab kingdom welcomed more than 140,000 Chinese travelers among 100 million tourists last year, surpassing its 2030 goal.
Gloria G
Houthi leader threatens to attack Israel-linked ships in Indian Ocean
ADEN, Yemen, March 15 (Xinhua) — The leader of Yemen\’s Houthis, Abdul Malik al-Houthi, issued a new threat on Thursday night, vowing to prevent Israel-linked ships from transiting the Indian Ocean ne
Powell reiterates U.S. Fed not ready to start cutting interest rates
WASHINGTON, March 6 (Xinhua) — U.S. Federal Reserve Chair Jerome Powell on Wednesday reiterated that the central bank is not ready to start cutting interest rates, noting that he needs to see a littl
US suppression of China\’s auto industry will backfire: experts
The US\’ escalating suppression of China\’s auto industry is a typical example of the politicization of trade and economic issues, experts said on Wednesday, warning that the US action will backfire and
Two Sessions Explainer: Highlights of 2024 Chinese government work report
All eyes are on the government work report delivered by Chinese Premier Li Qiang at the opening meeting of the second session of the 14th National People\’s Congress in Beijing on March 5.
Here are som
U.S. Fed\’s closely watched inflation measure rises 2.4 pct in January
WASHINGTON, Feb. 29 (Xinhua) — The U.S. personal consumption expenditures (PCE) price index, the Federal Reserve\’s preferred inflation measure, rose 2.4 percent in January, as inflation continued to
Hainan takes lead in green auto sector
Visitors check out electric vehicles during the 2023 World New Energy Vehicle Congress in Haikou, Hainan province, in December. SHI ZHONGHUA/XINHUA
With an extensive network of electric vehicle chargi
Nearly 40% of top economic cities eye 6% GDP growth for 2024, to play \’dragon head role\’ in bolstering economy
This photo taken on Feb 9, 2024 shows a light show on the eve of Chinese Lunar New Year in southwest China\’s Chongqing Municipality. Photo: Xinhua
China\’s first-tier economic heavyweight cities – 26 c
DPRK test-fires new-type surface-to-sea missile
SEOUL, Feb. 15 (Xinhua) — The Democratic People\’s Republic of Korea (DPRK) test-fired new-type surface-to-sea missile Padasuri-6 on Wednesday, with its top leader supervising the move, the official K