Authorities are aiming to support the consumption of information products and services and make the sector a new engine for boosting domestic demand and driving economic growth.
While China's recent economic data cheered up the country's entity markets, many economists remain cautious about whether the economy's rebound will be carried through the rest of the year.
Australian Pre-election Economic and Fiscal Outlook (PEFO) has been released by the Departments of Treasury and Finance on Tuesday.
While China's recent economic data cheered up the country's entity markets, many economists remain cautious about whether the economy's rebound will be carried through the rest of the year.
China's exports went up 5.1 percent year on year to 185.99 billion U.S. dollars in July, recovering from a tumble in June, according to data on Thursday.
China's consumer price index (CPI), a main gauge of inflation, grew 2.7 percent year on year in July, staying flat from June, the National Bureau of Statistics (NBS) announced on Friday.
China's exports went up 5.1 percent year on year to 185.99 billion U.S. dollars in July, recovering from a tumble in June, according to data on Thursday.
In the latest positive indicator for the Italian economy, the country's industrial production levels inched higher for the second consecutive month in June, though economists say it will be difficult for Italy's economic malaise to weaken substantially until debt levels begin to drop and the political situation stabilizes.
South Korea's central bank reiterated its worries about U.S. quantitative easing and the possible economic slowdown in China, citing those as major downside risks facing the economy.
Australia recorded its fifth consecutive monthly trade surplus in June, as a slight drop in the value of exports was offset by a larger fall in imports, Trade Minister Richard Marles said in a press release on Tuesday.
Biomedical advances may allow people to live to age 120 and beyond in the future but that's not what more than half Americans really want, at least for the moment, according to a Pew Research Center survey released Tuesday.
China may see a mild increase in consumer prices in the second half of the year, which could limit the country's policy options as it faces a double task of stabilizing growth and curbing inflation, analysts said.
South Korean economy grew at a modest pace despite lingering downside risks such as uncertainties over the U.S. quantitative easing, a government report showed Tuesday.
The U.S. stocks closed mixed after volatile trading on Monday following record runs in the previous week, with the Nasdaq Composite Index eking out small gains, as the U.S. non-manufacturing activity index for July came in positive.
Express delivery volume soared more than 50 percent for the 28th consecutive month, according to China Federation of Logistics & Purchasing data Tuesday.
U.S. stocks soared Thursday, with the S&P 500 closing above the landmark level of 1,700 points for the first time in history, boosted by a batch of better-than-expected economic data and the Federal Reserve's reassurance.
Despite all the heightened attention and occasional panic over China's economic health, authorities in the world's second-largest economy have so far remained confident of its ongoing rebalancing act.
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