World Bank to End China Lending by 2031 as Partnership Pivots to Knowledge Exchange
The multilateral lender will cap remaining loans at $2 billion over five years, closing a 45-year chapter as Beijing shifts from borrower to technical partner
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The multilateral lender will cap remaining loans at $2 billion over five years, closing a 45-year chapter as Beijing shifts from borrower to technical partner

Factory output climbed to a twelve-year high in July while geopolitical tensions in the Middle East cloud business sentiment

Semiconductor exports drive GDP expansion despite Middle East oil volatility, with Q2 growth reaching levels unseen since the 1980s

Import costs surged 25.4% in June as currency depreciation and Middle East war compound energy supply pressures

One-year inflation expectations climb to 3.4 percent in June, with transport and tech costs leading concerns amid global supply pressures

Record profits from Samsung and SK hynix drive economic optimism, with government planning strategic investments from windfall tax revenues

Philippines has three years to approve priority infrastructure and social projects as upper-middle-income status triggers gradual loss of concessional financing

The World Bank's July 1 reclassification marks the country's first income bracket upgrade since 1987, but economists warn the milestone masks persistent wage stagnation and looming aid cuts.

Prime Minister signals potential shift from fixed ¥1,500 target as government weighs economic realities against wage growth ambitions