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IMF Upgrades China's 2026 Growth Forecast Amid Economic Resilience

IMF Upgrades China's 2026 Growth Forecast Amid Economic Resilience

The International Monetary Fund (IMF) has revised its 2026 growth forecast for China's economy, increasing it from 4.4% to 4.6%. This adjustment comes after China's stronger-than-expected first-quarter performance, despite challenges such as higher global oil prices and weaker demand from trading partners. The upgrade reflects China's industrial upgrading and the structural resilience of its foreign trade. The Politburo meeting emphasized the need for stronger domestic demand and better supply, aiming to keep the economy moving towards newer drivers and higher quality. Official data indicates an economy operating within an appropriate range, yet facing an imbalance between strong supply and weak demand.
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Wall Street rises as Amazon and chip stocks jump, even as oil prices add to worries about inflation

Wall Street rises as Amazon and chip stocks jump, even as oil prices add to worries about inflation

Amazon and resurgent stocks of computer chipmakers are leading Wall Street higher
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China's top leaders pledge incremental measures to support economy

China's top leaders pledge incremental measures to support economy

BEIJING, July 30 (Reuters) - China pledged on Thursday to accelerate fiscal spending and adopt "incremental policies" that boost economic growth in the year's second half, after the second quarter brought a worse-than-expected slowdown.
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China's leaders pledge to support economy without big new stimulus plans

China's leaders pledge to support economy without big new stimulus plans

By Claire Fu, Kevin Yao and Liangping Gao SINGAPORE/BEIJING, July 30 (Reuters) - China's leaders pledged at a meeting on Thursday to support the slowing economy by accelerating fiscal spending on already-budgeted infrastructure projects in the remainder of the year, rather than by planning major new
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China's factory activity unexpectedly shrinks in July as demand sags

China's factory activity unexpectedly shrinks in July as demand sags

BEIJING, July 31 (Reuters) - China's factory activity unexpectedly slipped into contraction in July, pressured by shrinking new orders that reinforced concerns over slowing economic growth, weak demand at home and elevated production costs.
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China's factory activity shrinks in July as demand falters, fuelling slowdown concerns

China's factory activity shrinks in July as demand falters, fuelling slowdown concerns

BEIJING, July 31 (Reuters) - China's factory activity unexpectedly slipped into contraction in July, pressured by shrinking new orders that reinforced concerns over slowing economic growth, weak demand at home and elevated production costs.
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China’s factory activity unexpectedly slips into contraction in July

China’s factory activity unexpectedly slips into contraction in July

An official survey shows China's factory activity slowed in July, the first time it has contracted in in five months
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China's factory activity expected to have stalled in July

China's factory activity expected to have stalled in July

BEIJING, July 30 (Reuters) - China's factory activity growth likely stagnated in July, as weak domestic consumption and cost pressures from the Middle East War offset the boost to production from strong global demand for Chinese goods.
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Euro zone inflation ticks up in July, bolstering rate hike case

Euro zone inflation ticks up in July, bolstering rate hike case

By Balazs Koranyi FRANKFURT, July 31 (Reuters) - Euro zone inflation ticked up in July, adding to an already strong case for another European Central Bank interest rate hike, especially as high oil prices foreshadow a further broadening of price pressures.
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China's MiniMax releases H3 video model

China's MiniMax releases H3 video model

By Eduardo Baptista BEIJING, July 31 (Reuters) - Chinese AI firm MiniMax released a new video-generation model on Friday that can process text, images, video and audio, stepping up competition in a fast-growing market led by rivals ByteDance and Kuaishou.
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Iran to get Chinese shoulder-launched missile systems in weeks, sources say

Iran to get Chinese shoulder-launched missile systems in weeks, sources say

By John Irish and Jonathan Saul July 29 (Reuters) - Iran is expected to receive within weeks a first shipment out of up to 400 Chinese-made shoulder-fired air-defence missile launchers, three sources familiar with the deal told Reuters, as it rebuilds its defences amid war with the United States.
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South Korea’s Kospi index jumps nearly 18% on a surge in chipmaking stocks

South Korea’s Kospi index jumps nearly 18% on a surge in chipmaking stocks

South Korea’s Kospi index has jumped nearly 18% as artificial intelligence-related stocks bounce back after losses earlier this week