China's economic target: double its 2010 GDP by 2020

Chinese President Hu Jintao set a new target for economic growth Thursday, saying that China should double its 2010 GDP and per capita income for both urban and rural residents by 2020.Chinese President Hu Jintao set a new target for economic growth Thursday, saying that China should double its 2010 GDP and per capita income for both urban and rural residents by 2020.

Debt crisis handicaps EU foreign affairs

The prolonged debt crisis not only enlarged EU's internal differences and reduced cohesive force, but also had a significant impact on the E.U.'s foreign relations and international influence.The prolonged debt crisis not only enlarged EU's internal differences and reduced cohesive force, but also had a significant impact on the E.U.'s foreign relations and international influence.

Global economy to continue 'divergent' performance

he global economy has registered "divergent" performance this year as most of the disappointments came from advanced economies including the eurozone, the United States and Japan.he global economy has registered "divergent" performance this year as most of the disappointments came from advanced economies including the eurozone, the United States and Japan.

US Republicans press Obama on spending cuts

Unless U.S. Congress acts by the end of this year, a combination of tax increases and sweeping spending cuts, dubbed the "fiscal cliff," with a combined amount of about 600 billion U.S. dollars, is set to kick in.Unless U.S. Congress acts by the end of this year, a combination of tax increases and sweeping spending cuts, dubbed the "fiscal cliff," with a combined amount of about 600 billion U.S. dollars, is set to kick in.

Chinese, U.S., Russian agencies set up rating group

Three rating agencies from China, the United States and Russia will jointly launch a new credit rating company to rival current industry leaders and promote independence.Three rating agencies from China, the United States and Russia will jointly launch a new credit rating company to rival current industry leaders and promote independence.

APEC injects new impetus into integration, growth

Economic leaders of the Asia-Pacific Economic Cooperation (APEC) members wrapped up their two-day annual meeting on Sunday with a pledge to promote integration and innovative growth.Economic leaders of the Asia-Pacific Economic Cooperation (APEC) members wrapped up their two-day annual meeting on Sunday with a pledge to promote integration and innovative growth.

BRICS leaders outline future strategy

Leaders of the five-nation BRICS bloc have issued a declaration on a broad range of issues, which outlines a path for achieving stability, security and prosperity, and highlights the roles of the International Monetary Fund and the World Bank.Leaders of the five-nation BRICS bloc have issued a declaration on a broad range of issues, which outlines a path for achieving stability, security and prosperity, and highlights the roles of the International Monetary Fund and the World Bank.

Experts expect big shift in global energy landscape

News released at the ongoing energy congress ADIPEC signal a booming fossil fuel industry in the region and a major global shift which might change the oil and gas industry's landscape for good.News released at the ongoing energy congress ADIPEC signal a booming fossil fuel industry in the region and a major global shift which might change the oil and gas industry's landscape for good.

G20 summit continues with focus on key global issues

The euro-zone debt crisis, slowdowns in major developed nations and even in emerging economies, and high unemployment in parts of the world are posing threats to a fragile recovery.The euro-zone debt crisis, slowdowns in major developed nations and even in emerging economies, and high unemployment in parts of the world are posing threats to a fragile recovery.

Leaders appeal to strengthen collaboration

Asia leaders and international heads pledged Tuesday at the 7th East Asia Summit (EAS) to cement ties in deepening regional cooperation to better cope with the global economic downturn. Asia leaders and international heads pledged Tuesday at the 7th East Asia Summit (EAS) to cement ties in deepening regional cooperation to better cope with the global economic downturn.