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Tag: trade

Business

China's economic growth accelerates driven by technology exports

China experienced an uptick in economic momentum during the third quarter, largely propelled by a surge in international shipments of high-tech machinery and artificial intelligence components. Official figures indicate a quarterly expansion that meets the lower threshold of national targets, providing a much-needed counterbalance to subdued domestic consumer activity and a persistent downturn in the housing sector. Despite these external gains, structural vulnerabilities continue to persist. Analysts note that reliance on foreign trade leaves the nation susceptible to shifting global trade policies and potential friction with Western partners. Furthermore, consumer caution remains high within the domestic market as policymakers navigate ongoing financial restructuring.

World

North Korea and China open major new cross-border bridge

A newly completed vehicular bridge connecting Chinese and North Korean border cities has officially commenced operations following a twelve-year postponement. The infrastructure project is designed to enhance economic exchanges and serve as a primary commercial conduit between the two neighboring allies, replacing an aging historical crossing. The opening highlights a recent warming of diplomatic ties and increased economic cooperation. Analysts suggest Beijing aims to strengthen its regional influence, especially as Pyongyang diversifies its strategic partnerships toward Moscow.