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BEIJING, CHINA – MAY 3: The Chinese flag flies outside the People's Bank of China headquarters. Days later, Governor Pan Gongsheng cut the lending rate by 0.25 points to 1.5%. (Su Weizhong/VCG via Getty Images)

By Yu Yongding, Project Syndicate | Jun 2, 2025

While GDP growth is no longer paramount for China’s leaders, it still matters. And, at a time of falling export growth and insufficient domestic consumption, the only way China can reach its growth target is with a bold fiscal expansion that targets a robust increase in infrastructure investment.

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US Job Openings Drop In June, Hiring Increases

US Job Openings Drop In June, Hiring Increases

Job openings, a measure of labor demand, had decreased by 178,000 to 7.359 million by the last day of June, the Labor Department‘s Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday. 

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