China’s Ministry of Finance immediately expressed disappointment, saying that the Chinese economy is resilient and that local government budgets could withstand their loss of revenue from the country’s real estate downturn. Moody’s reaffirmed its …
BUSINESS
Irish services sector growth quickens for first time since April -PMI
Growth in Ireland’s services sector accelerated last month for the first time since April as new business increased and exports rebounded, a survey showed on Tuesday.
Major Chinese panel manufacturers may reduce production by 20%
BOE, TCL CSOT, Huike Electronics, and Xianyang Rainbow Electronic Accessories – have recently notified suppliers …
China’s credit outlook cut to negative on debt worries; UK grocery inflation slows – business live
Rolling coverage of the latest economic and financial news, as Moody’s cuts its outlook on China’s sovereign bonds to negative …
Moody’s downgrades outlook on China credit rating over debt fears
Ratings agency Moody’s on Tuesday downgraded the outlook on China’s credit rating to “negative” from “stable” on the back of rising debt in the world’s second-largest economy, with Beijing saying it …
China’s government can’t take a joke, so comedians living abroad censor themselves
AP In China there are censors who review jokes in advance … “You’re scrolling … oh gym trainer, nice body; business executive, million-dollar salary; and then…third-class certificate of disability …
China and EU should push relations to ‘a new level with new prospects’, Wang Yi tells European envoys in Beijing
While the EU’s goods exports to China remain largely stable, there has been strong growth in imports from China in recent years. In June, the bloc reaffirmed its multifaceted approach towards China, …
Gov’t criticized for failing to lower dependence on China for urea
The government is facing growing criticism for not doing enough to secure a stable supply of urea, following China’s recent ban on exports of the industrial product to Korea, which has reignited …
The shift of manufacturing out of China is shaking up shipping
Shipping container rates have collapsed. Logistics executives foresee a freight recession dragging into 2024. Industry giant Maersk plans to cut at least 10,000 jobs as it struggles with falling …
U.S. export controls need to ‘change constantly’ even if it’s tough for businesses, Secretary Raimondo says
U.S. Commerce Secretary Gina Raimondo told CNBC’s Morgan Brennan in an exclusive interview that more controls on tech exports to China will be coming, despite business concerns. “The truth of it is …
Explainer: Geneva-based int’l organizations upbeat about China’s economic prospect
BOOSTING GLOBAL TRADE GROWTH Earlier in November, Grynspan visited China and attended the sixth China International Import Expo (CIIE). She believed that the expo has created valuable opportunities …
China delivers nearly 100 parcels a person in 2023 as e-commerce giants Alibaba, JD.com, PDD slowly recover
Parcel deliveries reached a new high of 120 billion items this week, up 8.5 per cent from all of 2022, as e-commerce sees strong third-quarter recovery.
China could help fight illegal arms trade fuelling conflict in Africa, experts say
Engaging Beijing on small arms and light weapons control issues seen as ‘useful way forward’ giving its growing influence on the continent.
