Han Seung-soo, Co-chair of the International Forum of Friends (IFF), and Lin Jianhai, IFF’s Executive Vice President, have been invited as distinguished guests to participate in the Second High-Level Conference of the Forum on Global Action for Shared Development in Beijing and attended its opening ceremony.

Han renowned for his leadership and extensive contributions to global economic and environmental sustainability, will contribute insights from his vast experience in international diplomacy and policy-making. As Co-chair of the IFF, his participation underscores the forum's commitment to facilitating meaningful dialogue and actionable initiatives in pursuit of global prosperity.

Lin Jianhai, as Executive Vice President, brings valuable expertise in international relations and strategic partnerships to the conference. His involvement highlights the forum's dedication to leveraging collective expertise and resources towards achieving shared development goals across diverse sectors and regions.

The Second High-Level Conference of the Forum on Global Action for Shared Development represents a significant opportunity for stakeholders from government, business, academia, and civil society to collaborate on pressing global challenges. Participants will engage in panel discussions, workshops, and networking sessions aimed at forging partnerships and advancing impactful solutions.

During the ceremony, the University of International Business and Economics (UIBE) and the International Finance Forum (IFF) are pleased to announce the establishment of a collaborative Joint Research Centre, aimed at advancing research and development in the fields of international finance, economics, and global business strategies.

This strategic partnership marks a significant milestone in fostering academic excellence and promoting innovative research initiatives that will contribute to the global discourse on finance and economics. The Joint Research Centre will serve as a hub for interdisciplinary collaboration, bringing together leading experts, scholars, and practitioners from both institutions to address critical issues facing the global financial landscape.

Core inflation, which excludes volatile food and energy prices, went up 0.6% last month.

China’s economy expanded 4.7% in the second quarter of the year from a year ago, official data showed on Tuesday.

Gross domestic product grew 0.7% quarter on quarter. China’s economy grew 5.3% in the first quarter, data from the National Bureau of Statistics (NBS) showed on Monday.

The slower second-quarter growth was attributed to extreme weathers and floods as well as insufficient effective demand.

China’s industrial output rose 5.3% year on year in June, according to official data.

The growth in June slowed from May’s increase of 5.6%.

On a monthly basis, output edged up 0.42% last month.

Output grew 6% in the first six months of the year, data from the National Bureau of Statistics showed.

China’s fixed asset investment rose 3.9% in the first half of the year from the same period a year ago, official data showed on Monday.

Investment in the primary and secondary sectors grew 3.1% and 12.6% in the period while investment in the tertiary sector fell 0.2%.

China’s retail sales rose 2% in June from a year ago, down from May’s increase of 3.7%, data from the National Bureau of Statistics showed on Monday.

Sales increased 3.7% in the first six months of the year.

Online retail sales went up 9.8% year on year in the first half of the year.

period while investment in the tertiary sector fell 0.2%.

More Chinese cities reported falling home prices in June, data from the National Bureau of Statistics showed on Monday.

Of 70 cities surveyed, new home prices fell in the 64 cities and 66 cities saw prices of existing homes drop.

Separate data from the NBS showed investment in the property sector dropped 10.1% in the first six months of year.

The International Monetary Fund upgraded its growth forecast for China on Tuesday.

The IMF raised China’s growth forecast to 5% from its April projection of 4.6%.

The upgrade was due to a rebound in private consumption and strong exports in the first quarter.

Britain’s inflation held steady in June, official data showed on Wednesday.

The consumer prices index (CPI) rose 2% in June from a year ago, the same rate as that of May, data from the Office for National Statistics showed.

The CPI rose 0.1% on a monthly basis.

Restaurants and hotels were the “largest upward contribution to the monthly change” while prices drops from clothing and footwear were the largest downward contribution.

Core inflation rose 3.5% in the 12 months to June 2024.

Canada inflation rose 2.7% year on year in June, down from 2.9% increase in May, official data showed.

Drop in gasoline prices largely contributed to the deceleration, data from Statistics Canada showed.

On a monthly basis, the CPI fell 0.1% in June, according to the data.

Donald Trump named Ohio Senator JD Vance as his vice presidential nominee, the former President and Republican presidential candidate announced on social media on Monday.

Vance, 39, worked as a venture capitalist before joining the Senate.

Since joining the Senate, he has embraced the populist brand of conservatism, calling for tougher immigration polices and supporting tariff increases proposed by Trump.

A native of Ohio, Vance is the author of a popular memoir, Hillbilly Elegy, which tells his blue-collar upbringing.