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China e-commerce sector emerges as primary economic engine supporting 78 million jobs BOK's latest meeting shows a commitment to steady interest rates amidst rising inflation China posted monthly trade surpluses of more than $100 billion on seven occasions last year, partly supported by a weaker yuan As the country moves forward, policymakers face the challenge of striking a careful balance between political stability and prudent economic and financial reforms The Producer Price Index decline narrowed to 1.9 percent in December as government policies targeted excessive industrial competition According to the Bank of Korea (BOK), the country posted a current account surplus of $12.24 billion in November of last year Holdings now represent 5-6 percent of China’s foreign exchange reserves Economic indicators suggest ongoing struggles, with the property sector and consumer spending driving concerns The central bank's first rate increase since January came amid expectations that the momentum for wage hikes will continue into next year Economic support from exports is crucial as China faces sluggish domestic consumption and debt crisis The market is expected to reach KRW1,510.2 trillion ($1.1 trillion) by 2029, supported by the country’s exceptionally high card penetration, robust payments infrastructure, and continued government efforts to promote cashless transactions Semiconductors continued to power overall export growth despite U.S. tariff measures affecting global trade flows Card payments market is driven by contactless adoption and strong banking access The agreement allocates $200 billion in cash payments, capped at $20 billion per year, and $150 billion for joint shipbuilding projects China’s imports rose 1 percent in October from a year earlier, slowing sharply from 7.4 percent growth in September South Korea aims to become a top global AI powerhouse with NVIDIA's advanced computing technologies The investment aligns with India's "Viksit Bharat 2047" vision to become a leading digital economy The deal supports ongoing reforms and debt restructuring essential for long-term economic stability The K visa simplifies entry for young professionals, eliminating job offer requirements for STEM fields Under the Indonesia-EU trade deal, tariffs on 96 percent of goods will be reduced to zero over five years The one-year loan prime rate (LPR) was held at 3.0 percent on Monday, while the five-year LPR remained unchanged at 3.5 percent The government lowered its inflation-adjusted growth forecast for the fiscal year to 0.7 percent from 1.2 percent Economists suggest limited easing opportunities as U.S. tariffs impact India's export landscape Since December 2018, over 20,293 container ships have navigated these vital international routes
