China, Trump and Q2 growth
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Chinese state firm employee Zhang Jinming makes up for a 24% cut to his salary by delivering food for three hours every night after work and on weekends - and hopes he can avoid awkward encounters with colleagues.
As various parts of the globe contend with heat waves, ensuring a stable power supply has emerged as a critical issue for some regions. In this context, a report published on Tuesday by the climate think tank Ember has shifted attention to an unexpected area: China's trade-in program for air conditioners.
Australia is now less sensitive to China, but Chinese growth is likely to be enough to keep the iron ore price elevated.
Shoppers are taking advantage of a $42 billion government trade-in program aimed at boosting spending. But in recent weeks, some cities have started to cut back on the subsidies.
Following the release of China's first-half economic data, major foreign financial institutions, including UBS, Morgan Stanley, Goldman Sachs, and Nomura, have revised up their 2025 full-year GDP growth forecasts for China,
China's economy grew by 5.2% in the second quarter, surpassing analyst predictions and showcasing strength against U.S. tariffs. This growth is part of a broader trend, with China aiming for 5% growth this year.
Congress MP criticises EAM Jaishankar over China ties, calls for national debate on security and economic challenges.
Rising costs, stagnant incomes and growing distrust drive people to opt out of medical coverage, analysts say.