The sharp decline in the value of goods imported by the United States from China — by 25 percent in the first half of this year — is not only due to a drop in…
BUSINESS
China’s consumer prices fall for the first time in 2 years, as fears of deflation grow
China reported inflation data for July that pointed to a modest improvement from June, promptingseveral economists to warn of growing risk of deflation
MPCVault’s crypto wallet for businesses hits $500M AUM in 7 months
While a plethora of products have been developed to meet the crypto needs of consumers, there are limited options designed to assist enterprises in managing digital assets. Many companies thus find …
China trade surplus narrows sharply in July as exports, imports both posted double-digit decline
China’s trade surplus plunged to $80.6 billion in July 2023 from $102.7 billion in the same period a year earlier, compared to market forecasts of $70.6 billion, as exports fell
Japanese Carmakers See Next Few Years as Fight for Survival in China
This year, analysts expect Chinese brands to surpass foreign brands in their share of the overall domestic market for the first time in decades. Already in the first six months of 2023, local brands …
China leads race to modernise global money flows
A new platform to expand the reach of China’s digital yuan and other central bank digital currencies is moving closer to reality, raising eyebrows among some defenders of a system long dominated by …
Record China Data Revision May Make Export Picture Look Better
China’s customs authority made the biggest downgrade on record to a monthly export figure, a move that could paint a more flattering picture of trade data already plunging amid weak global demand.
China has a 31-point plan for private sector to kick-start economy. But are bruised business owners buying it?
After years of regulatory clampdowns and Covid curbs, China’s battered private sector is being urged to step up to the plate as the economy falters Despite top entrepreneurs’ chorus of support for 31-point action plan…
Oil edges up on higher US economic growth outlook; China import slump weighs
Oil prices edged higher on Tuesday as a U.S. government agency projected a rosier outlook on the economy, but bearish data on China’s crude imports and exports weighed.
China’s chip imports fall 17 per cent by volume in first seven months amid ongoing tech war
China’s IC imports fall 17 per cent by volume in first seven months, showing a slight improvement from 18.5 per cent drop in first half, despite trade restrictions.
China July copper imports slide on slow demand, high prices
BEIJING, Aug 8 (Reuters) – China’s copper imports slid 2.7% in July from a year earlier, customs data showed on Tuesday, weighed down by soft demand in the faltering economy and high global prices. Imports…
Customs data show China’s exports fell 14.5% in July from a year ago, adding to pressure to shore up flagging economy
Customs data show China’s exports fell 14.5% in July from a year ago, adding to pressure to shore up flagging economy
Crypto News Today: Bitcoin’s Rally Toward $30K, PayPal’s Stablecoin Fakes, and More
As Bitcoin retakes $30K and major players like PayPal delve into the crypto realm, the intersection of traditional finance and crypto becomes more pronounced.