The gap in economic output between China and the US will be magnified by high American inflation and a weaker yuan this year, says a prominent Chinese economist, and China should be ‘mentally prepared …
Monthly Archives For July 2022
As China’s youth unemployment keeps rising, Beijing says regional governments need to step up
Vice-Premier Hu Chunhua pushes for more effective recruitment initiatives and says greater job creation should occur by any means possible, with an emphasis on supporting fresh graduates But …
China’s banking regulator vows to tackle risks from property sector, small lenders
China’s banking regulator is moving to address rising financial risks stemming from the country’s slumping property market and several small banks …
Iron ore price rises back above $100 as China steps in to ease property woes
Chinese regulators on Sunday urged banks to extend loans to qualified real estate projects and meet developers financing needs where reasonable.
Yellen calls for US, allies to fortify supply chains to combat China’s ‘unfair trade practices’
Treasury Secretary Janet Yellen will call for the United States to leverage its allies to build more resilient supply chains during a speech in South Korea on Tuesday. Her remarks will focus on …
No Pivot: The U.S. Can’t Take on China Without Europe
Stopping short of calling China an adversary, NATO chief Jens Stoltenberg focused on the unsettling buildup of Chinese military forces, threats to Taiwan, Beijing’s implicit support of Russian war …
China’s Fuel Exports Plunge
China’s exports of gasoline and diesel slumped in the first half of 2022, per customs data out on Monday, as Chinese authorities continued to work to reduce overseas sales of fuels and allocated lower …
China GDP Slows to .4%, What Does that Mean for Future Demand?
China’s National Bureau of Statistics reported second quarter GDP was only up .4% from a year ago. That was less than expected and slowed sharply from the 4.8% growth in the first quarter. It’s a…
The Biden Administration Needs to Pass The USICA and Get Tougher On China
Passing the USICA is necessary in order for the U.S. to be able to compete with China economically and for President Biden to demonstrate that he is willing to stand up to China, especially in…
Burberry Sales Up 5% on ‘Encouraging’ China Recovery
Burberry sales showed strength in the first quarter, with comparable store sales up 16 percent outside of Covid-hit China. In a Nutshell: The British luxury brand maintained its medium-term guidance, …
Yellen calls out China trade practices in South Korea visit
Treasury Secretary Janet Yellen says the U.S. and South Korea should deepen their trade ties to avoid working with countries that use their market positions to unfair advantage …
Tesla Made Up Almost Half Of China’s NEV Exports In H1 2022
Tesla shipped 97,182 vehicles from Giga Shanghai in the first half of the year, while China’s total NEV exports amounted to 202,000.
Shanghai enforces new COVID-19 testing as some parts of China extend lockdown
SHANGHAI: Several large Chinese cities including Shanghai are on their toes due to new outbreaks of COVID-19 infections, rolling out repeated mass testing or extending lockdowns on millions of …
