Exports to the 27-nation European Union slumped 39.5% from a year earlier to $42.4 billion while imports of European goods were off 44.1% at $23.3 billion. China’s trade surplus with the EU contracted by 32.7%…
Featured Posts Title
China, ASEAN to submit upgraded free trade deal to leaders in October, says China’s foreign minister
Trump reportedly threatened to ‘bomb the [expletive] out of Moscow’ and Beijing. Here’s context
China’s Chery denies allegations of fraudulent subsidy declarations
Tale of two cities whets the appetite for adventure
Beijing’s Growing Boldness: China’s Stance On Ukraine Sparks EU Alarm
Trade trumps geopolitics as Australia PM visits China
China Tries To Choke Off Defense Industry of US-Backed Rival
Recent Posts
China’s economic slump: Why is it happening?
China Signals Recent Patrols Near Alaska Are Only the Beginning
The Americans should get used to it,’ one military analyst told a Chinese state news service of the joint flotilla with Russia that raised alarms in international waterways near Alaska.
New data shows Tesla could have a China problem, Bank of America says
The firm reiterated its neutral rating on shares, saying the sales drop may continue until a new lower-priced model is introduced in 2025 or 2026.
‘Alarming’ China data upsets global stock markets
A deepening slowdown in the world’s second-largest economy is unnerving investors, who have been focused more on the U.S. outlook.
Beijing backs Hong Kong’s disciplined services after demonstrations against police athletes at international sports event in Canada
Three Beijing agencies congratulate city team’s record medal haul at World Police and Fire Games and slam protests over city’s participation
Law firm Dentons splits with China’s Dacheng as counter-espionage law takes hold
Global law firm Dentons said on Tuesday that it has split with its China branch, Beijing Dacheng Law Offices, in the wake of new national security restrictions imposed by the Chinese government.
China prefers precision to bazookas for economic rescue
China’s 24-man politburo vowed to implement a stimulus plan that would help the world’s second largest economy accelerate a “tortuous” recovery from its punishing Covid lockdowns. Investors and China watchers,
China reports sharpest drop in exports since 2020
China last month suffered its biggest fall in exports for more than three years, official data showed yesterday, as the world’s second-largest economy is battered by sluggish global demand and a domestic slowdown.
ChatGPT’s rise has China scrambling to catch up in an A.I. arms race that will determine global ‘wealth, power, and influence’
A.I. “has become a proxy in the battle for primacy between China and the U.S.,” says Kerry Brown, director of the Lau China Institute at King’s College London, and “whoever inches ahead in this form…
German airport operator Fraport nudges up outlook, sees huge 2024 China boost
Frankfurt Airport operator Fraport on Tuesday said its 2023 core profit would hit the upper half of its forecast range after second-quarter earnings were boosted by strong travel demand.
As tensions rise, U.S. imports from China plummet
The Commerce Department’s latest data shows China’s share of total U.S. goods imports in the first half of this year totaled only 13.3 percent, down from 16.5 percent last year and a peak level of…
Dow slumps over 300 points after weak China data, Moody’s warning on banks
U.S. stock futures were lower as markets displayed a cautious tone following weak China trade data. On Monday, the Dow Jones Industrial Average rose 408 points, or 1.16%, to 35473, the S&P 500 increased 40…
China doesn’t just want our Silicon Valley secrets. China is coming for our seeds, too
China’s Communist Party wants to steal all of our secrets. The leaders of the CCP want agricultural tech secrets as much as they want the secrets of Silicon Valley and the Pentagon.
