At the National People's Congress in Beijing, outgoing Premier Wen Jiabao said his country needs sustainable growth to achieve its goals. He set a growth target of 7.5 percent for the current year, with an inflation goal of 3.5 percent.
The economic upturn in Germany is weakening, according to the country’s leading council of experts, who have lowered their outlook. Uncertainty about global economics was part of the group’s reasoning.
The ten-member ASEAN and its partners are meeting this week amid worries the US-China trade row will negatively impact the region. The summit is expected to see progress made on a China-backed regional trade pact.
Chinese shoppers have spent more than $30 billion online during the annual shopping binge, breaking last year's record. The massive spending comes despite an ongoing trade war with the US.
China is experiencing its weakest economic growth since the global financial crisis of 2008. Since the root causes are homemade, this is not an insurmountable problem, says DW’s Frank Sieren.
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