Highlights of global economic news on December 10, 2025

Photo caption — A view of a cargo port in Qingdao, Shandong Province, China, on July 3, 2024. Photo: THX/VNA

1. ADB: Exports "reverse course," China's economy back on track: The Asian Development Bank (ADB) raised its forecast for China's economic growth to 4.8% for 2025 thanks to a "reversal" in exports and sustained fiscal stimulus packages. The bank stated that the latest data shows China's trade surplus in the first 11 months of the year exceeded $1 trillion for the first time, demonstrating that the economy is regaining momentum despite tariffs imposed by the administration of US President Donald Trump.

2. ADB Raises Asian Economic Growth Forecast Despite Tariff Risks: The Asian Development Bank (ADB) has raised its growth forecast for Asian economies thanks to strong export demand, despite risks from US tariff policies. In its latest Asian Development Outlook report, the ADB forecasts that the 46 economies in the region will grow by 5.1% this year, higher than the 4.8% forecast in September, and reach 4.6% in 2026. Vietnam is a bright spot, with its growth forecast revised to 7.4%, higher than the previous 6.7%.

3. The EU reaches an ambitious climate target agreement for 2040: The EU has reached a climate agreement for 2040, setting a target of cutting greenhouse gas emissions by 90% compared to 1990 levels, making it a legally binding requirement. Under the agreement, industries must reduce their emissions by 85% themselves, while the remaining 5% is achieved through the purchase of carbon credits from abroad. From 2036, EU countries will finance emissions reduction projects in non-EU countries to offset the remaining amount.

4. China: Consumer inflation peaks, producer prices fall sharply: China's consumer inflation rose 0.7% in November 2025, reaching its highest level in nearly two years, amid weak domestic demand and lingering trade tensions. According to the National Bureau of Statistics (NBS), this increase follows a 0.2% rise in October 2025 and aligns with Reuters' forecast. Meanwhile, producer prices continue to fall sharply, indicating persistent deflationary pressure. Core inflation remained unchanged at 1.2% year-on-year, reflecting weak demand.

5. The UK economy could lose nearly £11 billion due to stricter immigration: The UK could lose £10.8 billion due to stricter immigration measures proposed by the government earlier this year. From May 2025, Prime Minister Keir Starmer's government will require only those with a university degree to apply for skilled worker or medical /healthcare visas, while also raising salary thresholds and banning the recruitment of overseas social care workers. Most of these regulations have been in effect since July.

6. Europe Increases Investment in "AI Megafactories": Europe is increasing investment in "AI megafactories" as the European Council on December 9th approved amendments to the EuroHPC JU regulations to strengthen technological autonomy. This decision aims to build AI gigafactories and add a separate pillar for quantum technology. Under the new regulations, AI megafactories will be supported through public-private partnerships, involving member states and businesses.

7. Amazon plans to invest $35 billion in India by 2030: Amazon plans to invest more than $35 billion in India by 2030 to expand exports, create jobs, and develop artificial intelligence (AI). The company said the new investment is almost double the previous plan and builds on the nearly $40 billion already invested in India. According to Amazon, the capital will focus on three strategic pillars: AI-based digitalization, boosting exports, and expanding job opportunities.

8. The US President considers tariffs a cornerstone of his economic program: In a speech on the economy in Pennsylvania on the evening of December 9th, President Donald Trump affirmed that tariffs are a cornerstone of his economic program, and also stated that the $12 billion aid package for farmers will be spent from this revenue. After 10 months of his second term, he stated his top priority is to make America more "affordable" and pledged to lower prices, including gasoline prices.

9. Brazilian coffee exports to China surge: Brazilian coffee exports to China increased by 30.42% in the first 11 months of the year, reaching over 1.04 million 60kg bags and helping China maintain its position as the 10th largest importing market. According to the Brazilian Coffee Exporters Council (Cecafé), this increase occurred despite a decrease in Brazil's overall coffee exports and the US imposing a 50% tariff on the commodity from August to November 2025.

10. China hasn't bought enough US soybeans as committed: According to NBC News, China has resumed buying US soybeans but has not yet met its target in the trade agreement with President Donald Trump. After halting purchases due to the trade war, China only started buying again in October 2025 and committed to importing at least 12 million tons in the last two months of 2025. However, data from the US Department of Agriculture shows that China has only bought 2.85 million tons since October 30th.

Source: https://baotintuc.vn/kinh-te/diem-tin-kinh-te-the-gioi-noi-bat-ngay-10122025-20251210203610042.htm