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.
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.
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.
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.
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.
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.
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.
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.
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.