xinhua

China Development Bank, one of the country’s policy banks, issued 186.4 billion yuan (about 27.53 billion U.S. dollars) of loans in 2022 to shore up the country’s development in water conservancy. The loans mainly supported China’s major water conservancy projects, such as the irrigation system of the Dateng Gorge in south China and the comprehensive […]

Finland has been urged to boost the sustainability of its public finances in a new report published by the International Monetary Fund (IMF) on Monday. The IMF, in its annual assessment, also urged Finland to reduce its debt ratio in the medium-term to prepare for an ageing population. The Finnish economy recovered quickly from the […]

A new metro line connecting central Istanbul and the city’s new international airport officially opened to the public on Sunday, featuring China-made automated driver-less trains that could run up to 120 kilometers per hour. “This 800,000 daily capacity metro line will allow travel from Kagithane Station to the Istanbul Airport in 24 minutes,” said Turkish […]

Sales of high-end passenger vehicles in China logged steady expansion in 2022 driven by consumption upgrading within the country, industry data shows. About 3.89 million such vehicles were sold in China last year, up 11.1 percent year on year, at a pace 1.6 percentage points faster than all passenger vehicles, according to the China Association […]

A new metro line connecting central Istanbul and the city’s new international airport officially opened to the public on Sunday, featuring China-made automated driver-less trains that could run up to 120 kilometers per hour. “This 800,000 daily capacity metro line will allow travel from Kagithane Station to the Istanbul Airport in 24 minutes,” said Turkish […]

Sales of high-end passenger vehicles in China logged steady expansion in 2022 driven by consumption upgrading within the country, industry data shows. About 3.89 million such vehicles were sold in China last year, up 11.1 percent year on year, at a pace 1.6 percentage points faster than all passenger vehicles, according to the China Association […]

Malaysia’s leading index, a predictive tool used to anticipate economic upturns and downturns in an average of four to six months ahead, remains moderate by recording 110.5 points in November last year, official data showed on Sunday. The decrease was due to real money supply, M1, Bursa Malaysia Industrial Index, number of housing units approved, […]

Australia’s top doctors’ body has renewed calls for a tax on sugary drinks, warning the country risks being left behind on the issue. According to the Australian Medical Association (AMA), a tax of 40 cents for every 100 grams of sugar added to beverages would help lower the obesity rate and raise funds for public […]

South Korea’s central bank has supplied 4.2 trillion won (3.4 billion U.S. dollars) worth of fresh banknotes to meet cash demand ahead of the Lunar New Year’s holiday, the Bank of Korea (BOK) said Sunday. The fresh banknotes have been put into circulation through local banks and other financial institutions for the past 10 working […]

South Korea’s export fell in the first 20 days of January, posting a trade deficit amid higher import, customs office data showed Monday. Outbound shipment came to 13.86 billion U.S. dollars during the Jan. 1-Jan. 10 period, down 0.9 percent compared to the same period of last year, according to Korea Customs Service. The daily […]