China firmly opposes the so-called voluntary restrictions on China's hybrid vehicle export to Europe as it gravely violates World Trade Organization rules and runs counter to market economy rules and fair competition principles, a Ministry of Commerce spokesperson said Friday.

The Bank of Japan (BOJ) on Friday raised its key interest rate by 0.25 percentage points to a 31-year high of 1.25 percent, while signaling further rate hikes ahead. The central bank lifted the rate again after bringing it up to 1.0 percent in June, marking the shortest interval between increases

China's real estate industry has officially transitioned to a stock-phase development model, marking a pivotal structural shift in the country's urban housing landscape, senior housing officials confirmed on Friday.

Malaysia's exports surged 31.2 percent year-on-year to 1.36 trillion ringgit (about 330 billion US dollars) in the first eight months of 2026, putting them on track to surpass the full-year value recorded in 2025, driven in part by strong electrical and electronics shipments, official data showed

South Korea's public sector deficit hit a record high in 2025, driven by increased fiscal spending to boost the country's economy, central bank data showed Friday.The public sector balance, gauged as total revenue minus total expenditure, registered a deficit of 83.1 trillion won (60.1 billion U.S.

Editor's note: Xu Ying is a Beijing-based international affairs commentator for CGTN. The article reflects the author's opinions and not necessarily the views of CGTN. About 25 years ago, "BRIC" was little more than a catchy acronym coined by a Wall Street economist to describe four promising