Academic expects ‘temporary friction or slight cost increases as the market adjusts’ but disruption would be limited as Washington finds alternative source.
Monthly Archives For July 2023
Brand collabs overload: Are solo launches the ultimate luxury?
Amid a flurry of brand collaborations, some luxury labels are shunning the hype train. But can they afford to miss out on the marketing exposure and revenue?
Luxury fashion houses slump amid fears of China spending slowdown
The world’s largest luxury fashion houses have taken a tumble as fears mount over a spending slowdown in China. Shares in Richemont, the owner of Cartier, fell more than 9pc to their lowest level in…
Where Is China’s Foreign Minister? Beijing Won’t Clear Up the Mystery.
Qin Gang has not made a public appearance in three weeks. The Communist Party’s habitual secrecy around top officials has fueled speculation over the reasons for his absence.
Global temperatures soar as US, China renew climate diplomacy
Global temperatures headed towards alarming highs and extreme weather proliferated as the world’s two biggest polluters, China and the United States, sought on Monday to reignite climate talks. With scientists saying the target of keeping…
Kerry praises China’s efforts on renewables, urges easing of coal plant expansion
U.S. special climate envoy John Kerry started his three-day mission to China by praising the communist country for expanding renewables while urging them to end its building of new coal-fired plants.
Democrat, Republican senators agree expansion of NATO into Asia ‘inevitable’ amid growing China concern
Sens. Tammy Duckworth and Dan Sullivan argued that Russia’s war in Ukraine strengthened NATO, and agreed that expansion into Asia is “inevitable.”
U.S. stock futures struggle for momentum as China data weighs on sentiment
MARKET SNAPSHOT U.S. stock futures were mostly lower Monday after some disappointing news on China’s economy damped risk appetite across global markets.How are stock-index futures trading …
China’s Economy Improves Over Weak Year-Ago Pace but Misses Mark
On the technical side, the GDP deflator, a measure of prices for the broad economy, turned negative in the second quarter. Beijing has set an inflation target of “around 3%” for 2023, but economists …
No Bears Allowed: China’s Latest Round of Economic Censorship
But the latest spate of economic censorship is hardly unusual. In fact, over the past decade, the Chinese Communist Party (CCP) has repeatedly imposed increased restrictions whenever the economy …
China’s PBOC Expands Size of MLF Loans Slightly, More RRR Cuts Are Likely, Experts Say
(Yicai Global) July 17 — The People’s Bank of China expanded the size of its medium-term lending facility by a modest CNY3 billion (USD418.5 million) today, and the small size of the increase could …
China Goes Full Power Into Blockchain With Plans for Thousands of Crypto Engineers
Beijing, the capital city of China, has announced a bold initiative to train 10,000 engineers annually in digital technologies. The focus will be on blockchain technology, artificial intelligence (AI) …
US stocks trade mixed as China’s GDP growth disappoints and investors brace for big week of earnings
China’s economy grew at a slower rate than expected in the second quarter, sounding more alarms as the country’s post-COVID recovery stumbles.
