WASHINGTON -- The World Bank on Tuesday lowered its global growth forecast for 2019 to 2.6 percent, while maintaining its growth projection for China at 6.2 percent, according to the newly released semi-annual Global Economic Prospects report.
TOKYO, May 16 (Xinhua) -- China's economic development is expected to steadily advance in the medium and long term despite the U.S.-China trade friction that only has a limited effect, Japanese experts said.
KUWAIT CITY - In the southern desert of Kuwait, the Kuwait New Refinery Project, launched with the help of China Petrochemical Corporation or Sinopec, is under construction with an aim to increase oil processing capacity of the Arab country.
HOUSTON - The Belt and Road Initiative (BRI) is making positive impacts across the world, Brian Lantz, the senior executive of Schiller Institute, an international political and economic think tank, said Tuesday.
The growth of China's demand for oil is expected to slow as the country's economic restructuring and ever-stringent environmental policy tightens, according to Oil 2019, the International Energy Agency's annual outlook for global oil markets released in Beijing on Tuesday.