World--China Economic Net

The European Union (EU) and other members of the World Trade Organization (WTO) have spoken out against the U.S. tariffs in Geneva, calling for collective efforts to strengthen the multilateral trading system.

Israel says to expand ground offensive in Gaza2025-05-21
The Israeli military said on Tuesday that it will expand its ground offensive in Gaza and take control of additional territory.

Trump says phone call with Putin "went very well"2025-05-20
U.S. President Donald Trump said his telephone conversation Monday morning with his Russian counterpart Vladimir Putin "went very well."

EU slashes growth forecasts over higher U.S. tariffs, uncertainty2025-05-20
The European Commission on Monday sharply downgraded its economic growth outlook for the European Union (EU), citing the impacts of higher U.S. tariffs and persistent uncertainty.

U.S. former President Biden diagnosed with aggressive form of prostate cancer2025-05-19
U.S. former President Joe Biden was diagnosed with aggressive form of prostate cancer on Friday, said a statement from his personal office on Sunday.

Egyptian president urges immediate Gaza ceasefire during meeting with U.S. official2025-05-19
Egyptian President Abdel-Fattah al-Sisi on Sunday called for reaching an immediate ceasefire in the Gaza Strip and facilitating the flow of humanitarian aid into the war-torn enclave during a meeting with a visiting U.S. official.

Striving for a more closely knit China-Arab community with a shared future2025-05-19
As the Arab League convenes here for its 34th summit, China reaffirms its commitment to strengthening ties with Arab states, highlighting a strategic partnership rooted in mutual respect and sustainable development -- an enduring model of South-South cooperation in a rapidly changing world.

Arab leaders demand ceasefire in Gaza, reject displacement of Palestinians2025-05-18
Arab leaders on Saturday called for an immediate halt to the war in Gaza and voiced their rejection of forced displacement of Palestinians.

Trump's Gulf visit signals potential shift in Mideast policy2025-05-18
U.S. President Donald Trump departed the United Arab Emirates (UAE) on Friday afternoon, concluding a lucrative four-day Gulf tour, which had also taken him to Saudi Arabia and Qatar.

Global hunger worsened in 2024, affecting 295 mln people: UN report2025-05-17
Global food insecurity and malnutrition continued to worsen in 2024, with 295 million people suffering from acute hunger across 53 countries, the United Nations Food and Agriculture Organization (FAO) and its partners said in a report released on Friday.

Moody's Ratings cuts U.S. credit rating citing budgetary burden2025-05-17
Moody's Ratings anticipated that U.S. federal debt burden would rise to about 134 percent of GDP by 2035, compared to 98 percent in 2024.

Chinese investments "indispensable engine" of Hungary's economic growth: Orban2025-05-16
Chinese investments have become an "indispensable engine" of Hungary's economic growth, Hungarian Prime Minister Viktor Orban said on Thursday.

Walmart warns of price increases as tariffs pressure supply chain2025-05-16
Walmart on Thursday reported mixed results for its fiscal first quarter ending April 30, narrowly missing revenue expectations as the retailer signaled that rising tariffs are likely to lead to higher prices for consumers.

Trump signs executive order aiming to reduce drug prices2025-05-13
U.S. President Donald Trump on Monday signed an executive order aimed at lowering drug prices, demanding that drug companies offer prices for prescription drugs comparable to those in other developed nations.

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Stanford report finds U.S. AI edge fading as China closes gap

China has nearly closed AI performance gap with the US, with its leading models achieving near parity with American counterparts on key benchmarks, a Stanford University report said.