They’re the two largest economies in the world: the U.S. and China. Despite ongoing attempts at talks with the country, the White House has not been able to foster a secure trade relationship.In 2022,
Monthly Archives For September 2023
Yuan’s fall adds to Beijing’s headaches
China’s currency weakened to its lowest level against the US dollar in nearly 16 years after disappointing export and inflation data added to investor concern
Very weak growth in China, but no systemic financial crisis: Barclays
Ajay Rajadhyaksha of Barclays explains why the trouble in China’s real estate market will not cause a systemic financial crisis.
Analysis: China needs more than cheaper mortgages to revive spending
Simon Yu’s monthly mortgage payments for his Shanghai apartment will drop after China’s latest measures to support the ailing property sector, but so will the interest he earns on his bank deposits.
China’s yuan continues to dive – Things are getting worse
Once revered as the resilient dragon of the East, China’s economy now wrestles with the tumultuous fall of its currency. The yuan’s diminishing value paints a bleak picture, echoing challenges faced …
China’s demand crisis sparks global economic fear
It’s hard to shake the feeling of impending economic doom when China’s chronically flagging demand sits squarely at the forefront of global economic issues. This looming crisis casts a large shadow on …
Politicians Say They Want To Fight Climate Change. So Why Are They Fighting China on Electric Vehicles?
Democrats say they want to fight climate change. If that’s true, they should rejoice in China’s focus on electric cars.
Reports of iPhone ban in China raise broad alarms for U.S. business
Driving the news: Two separate reports from WSJ and Bloomberg this week suggest that the Chinese government is expanding a ban on using iPhones and other foreign-branded devices for work within …
National Beer Lover’s Day: Here’s which beer embodies your zodiac sign
Taurus playwright William Shakespeare once argued, “A quart of ale is a dish for a king.” Today we feast. Steins high, kegs tapped, bottles open and refreshment at the ready, we raise a toast every…
China’s Restrictions on iPhones Send Apple Shares Tumbling
Al Jazeera reports that China has been pushing locally-made tech products, with technology at the center of major national security issues with the U.S. In 2020, ‘The Economic Observer’ reported that some Chinese government agencies…
China Is Losing Its Economic Edge, Especially Over The U.S.
China accounted for a mere 13.3% of all U.S. imports during the first six months of this year. That is down from a peak of 21.6% in 2017 and the lowest percentage since 2003 shortly…
Apple pullback in China will only mean 500,000 units at worst, says Wedbush’s Dan Ives
Dan Ives, managing director of equity research at Wedbush Securities, joins ‘Closing Bell’ to discuss tech whether or not Apple’s recent headwinds from China are overblown, the estimated valuation of Apple’s services business and the…
Sen. Hagerty says ‘terrible environment’ is forcing crypto companies ‘to look overseas’ and calls for more oversight hearings with SEC’s Gensler
A s Congress returns from summer recess, Sen. Bill Hagerty (R-Tenn.) called for crypto legislation on Thursday, arguing that the lack of regulatory clarity could push the industry outside of the U.S.
