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Eurasia
24/12/2023 07:00
China has space to step up support for the economy, given that its central government debt burden is relatively low and consumer prices are also low, Wang said.
China's consumer prices fell at the fastest rate in three years in November.
Wang said China may be able to cut interest rates as the Federal Reserve has likely stopped raising its own rates, although a wide interest rate gap between the two countries and worries about the impact on banks could act as constraints.
At the annual Central Economic Work conference held from Dec 11-12, Chinese leaders pledged to adjust policy to support an economic recovery in 2024.
China's growth is expected to hit the government's target of around 5 per cent this year.
The Hungarian government has signed a strategic cooperation agreement with one of the largest car manufacturers. The agreement with BYD means that future cars will also be manufactured in Hungary, Viktor Orbán emphasised in his speech.
In recent years, the Republic of Uzbekistan has been consistently expanding its foreign economic ties with European countries, and Hungary is playing an increasingly significant role in this process. The elevation of relations to the level of strategic partnership, the intensification of bilateral dialogue, as well as the growth of investment activity by Hungarian companies in Uzbekistan, demonstrate the high potential for cooperation between the two countries.
U.S. President Donald J. Trump announced a landmark $600 billion investment commitment from Saudi Arabia into the United States, during the second day of his Middle East tour on Tuesday.