IMF Raises Global Economic Growth Forecast to 3% in 2025

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Source: People's Republic of China – State Council News

NEW YORK, July 29 (Xinhua) — The International Monetary Fund (IMF) on Tuesday raised its forecast for global economic growth in 2025 to 3 percent, up 0.2 percentage points from its April forecast, according to an updated version of the IMF's World Economic Outlook report.

According to the updated report, emerging market and developing economies are expected to grow by 4.1 percent in 2025, up 0.4 percentage points from the April forecast.

For countries with developed economies, the forecast has been revised upward from 1.4 percent to 1.5 percent.

In particular, expected economic growth figures have been raised for the US, the Eurozone, Japan, the UK, Canada, China, India, Brazil, Mexico, Saudi Arabia and Nigeria.

As noted in the document, the large-scale upward revision of the annual forecast is due to “a more active than expected advance increase in imports in anticipation of higher customs duties; lower average tariff rates in the United States than were announced in April; improved financial conditions, including due to the weakening of the US dollar; and the expansion of fiscal stimulus measures in a number of major countries.” –0–

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The Presidents of Kyrgyzstan and Tajikistan discussed the state and prospects of bilateral relations

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Source: People's Republic of China – State Council News

BISHKEK, July 29 (Xinhua) — Presidents of Kyrgyzstan Sadyr Japarov and Tajikistan Emomali Rahmon held a meeting in Cholpon-Ata, Issyk-Kul region, on Tuesday, the press service of the Kyrgyz president reported.

As noted, during the meeting, the parties comprehensively examined the state and prospects of Kyrgyz-Tajik relations of friendship, good-neighborliness and cooperation.

The fruitful results of the recent exchange of state visits between the Presidents of Kyrgyzstan and Tajikistan were also discussed.

“In this context, the heads of state emphasized the importance of further developing trade and economic cooperation and other aspects of bilateral relations, and focused on issues of advancing the process of demarcating the state border between the two countries,” the statement said.

In addition, during the meeting, an exchange of views took place on current issues on the regional and international agenda. –0–

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Nomadic Culture Festival Held in Naryn Region of Kyrgyzstan

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Source: People's Republic of China – State Council News

BISHKEK, July 29 (Xinhua) — The annual ethnographic festival Kochkor Fest, aimed at preserving and popularizing the cultural heritage of the nomadic peoples of Central Asia, was held in the picturesque mountainous Kochkor district of Kyrgyzstan's Naryn region on Monday.

Hundreds of locals and foreign tourists gathered in the valley near Lake Son-Kul to watch traditional Kyrgyz horse games, taste national cuisine and take part in felt-making workshops.

One of the main goals of the event is to expand cultural and tourist exchanges between Kyrgyzstan and other countries.

“This festival is an important platform for demonstrating national identity and drawing attention to the regional potential in the field of tourism,” said one of the event’s organizers, representing the CBT Kochkor tourism center.

Key events at Kochkor Fest include traditional Kyrgyz sporting competitions, including the equestrian game kok-boru and horse wrestling er-enish, as well as performances by manaschi storytellers and folk dances.

Kyrgyzstan is actively developing domestic and international tourism, using various festivals to promote environmentally friendly and culturally oriented recreation. –0–

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NPC Standing Committee Vice Chairman Calls for Global Youth Unity to Promote Peace

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Source: People's Republic of China – State Council News

BEIJING, July 29 (Xinhua) — Li Hongzhong, vice chairman of the Standing Committee of the National People's Congress (NPC), on Tuesday called on young people around the world to unite to promote peace.

Li Hongzhong, also a member of the Political Bureau of the CPC Central Committee, made the call at the World Youth Conference for Peace in Beijing. He also read a message from Chinese President Xi Jinping.

Li Hongzhong said that young people from all countries should join hands to safeguard peace. He called on young people to contribute to world peace, promote development and cooperation, and advance exchanges to promote harmonious coexistence among different civilizations and mutual understanding among peoples.

According to the vice chairman of the NPC Standing Committee, the Communist Party of China and the Chinese government will continue to create favorable conditions for the growth and development of young people.

Li Hongzhong stressed that China encourages and supports young people from China and other countries to strengthen exchanges, deepen friendship and expand cooperation, and work together to build a bright future for a community with a shared future for mankind.

The conference, under the motto “Together for Peace,” brought together more than 3,000 participants from more than 130 countries on five continents. –0–

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China and the US held frank, in-depth and constructive trade talks – China's envoy to international trade talks /more/

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Source: People's Republic of China – State Council News

STOCKHOLM, July 29 (Xinhua) — The China-U.S. trade and economic teams held in-depth, frank and constructive exchanges of views on major issues of mutual interest, China's international trade negotiator and Vice Minister of Commerce Li Chenggang said in Stockholm on Tuesday.

Li Chenggang made the statement during a briefing for journalists following a new round of China-US trade and economic talks held in the Swedish capital.

According to him, both sides will continue to promote the extension of the pause in the 24 percent mirror tariffs of the American side and the countermeasures of the Chinese side.

As Li Chenggang pointed out, the two sides took into full consideration the importance of maintaining stable and healthy economic ties between China and the US, and held a sincere exchange of views on key mutual concerns in the economic and trade fields.

According to the Chinese representative, over the past day and a half, the parties assessed the progress of the implementation of the agreements following the trade talks in Geneva and London and fully approved the progress achieved.

The trade and economic teams of the two countries will maintain close communication and promptly exchange views on trade and economic issues, continuing to promote the stable and healthy development of China-US trade and economic relations, Li Chenggang added. –0–

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Lightning: China and the US have broad common interests and vast space for cooperation in trade and economic spheres – Vice Premier of the State Council of China

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Source: People's Republic of China – State Council News

Xinhua | 30.07.2025

Keywords: Lightning

Source: Xinhua

Lightning: China and the US have broad common interests and ample space for cooperation in trade and economic spheres — Vice Premier of the State Council of China Lightning: China and the US have broad common interests and ample space for cooperation in trade and economic spheres — Vice Premier of the State Council of China

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Lightning: Stable, healthy and sustainable trade and economic relations between China and the US benefit both countries and global economic stability – Vice Premier of the State Council of China

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Source: People's Republic of China – State Council News

Xinhua | 30.07.2025

Keywords: Lightning

Source: Xinhua

Lightning: Stable, healthy and sustainable trade and economic relations between China and the US benefit both countries and global economic stability: Vice Premier of the State Council of China Lightning: Stable, healthy and sustainable trade and economic relations between China and the US benefit both countries and global economic stability: Vice Premier of the State Council of China

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Interpol's Wanted Corrupt Official Returns to China After 28 Years on the Run

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Source: People's Republic of China – State Council News

BEIJING, July 29 (Xinhua) — One of China's most wanted corrupt fugitives, Liang Jinwen, has returned to his home country and surrendered to authorities after 28 years on the run abroad.

Liang Jinwen, born in February 1954, was the general manager of a car brake company in Zhuhai, southern China's Guangdong Province. He is suspected of embezzlement and fled abroad in November 1996.

In December 1997, Liang Jinwen was issued a Red Notice by the International Criminal Police Organization (Interpol).

According to the Office for International Prosecution of Fugitives and Recovery of Illegally Acquired Assets of the Central Anti-Corruption Coordination Group, Liang Jinwen's return and surrender to the authorities was the result of the joint efforts of the disciplinary supervision and law enforcement authorities of Guangdong Province and Zhuhai City, which fully demonstrates China's firm position and determination to pursue and bring to justice every fugitive.

Liang Jinwen became the 64th suspect arrested on China's 100 most wanted fugitives, the Interpol "red notices" for corruption, and the first to flee abroad. –0–

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Breaking: China, US hold frank, in-depth and constructive trade talks – China's global trade negotiator

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Source: People's Republic of China – State Council News

STOCKHOLM, July 29 (Xinhua) — The China-U.S. trade and economic teams held in-depth, frank and constructive exchanges of views on major issues of mutual interest, China's international trade negotiator and Vice Minister of Commerce Li Chenggang said in Stockholm on Tuesday.

Li Chenggang made the statement during a briefing for journalists following a new round of China-US trade and economic talks held in the Swedish capital.

According to him, both sides will continue to promote the extension of the pause in the 24 percent mirror tariffs of the American side and the countermeasures of the Chinese side.

As Li Chenggang pointed out, the two sides took full account of the importance of maintaining stable and healthy economic ties between China and the US, and held a sincere exchange of views on key mutual concerns in the economic and trade fields. –0–

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Lightning: China and the US have reviewed and fully approved the implementation of the Geneva and London agreements – China's representative at international trade talks

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Source: People's Republic of China – State Council News

Xinhua | 30.07.2025

Keywords: China-USA

Source: Xinhua

Lightning: China and the US have reviewed and fully approved the implementation of the Geneva and London agreements – China's representative in international trade negotiations Lightning: China and the US have reviewed and fully approved the implementation of the Geneva and London agreements – China's representative in international trade negotiations

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