In 2021, China imposed an outright ban on bitcoin (BTC) mining, leading to a material shift in the mining landscape. The ban pushed the US into the forefront of crypto mining, which led to a…
Tagged By business
Luxury Brands Are Counting on Americans to Keep Spending
With parts of China in lockdown, brands need demand in the U.S. to stay high. But the less-wealthy shoppers who powered last year’s boom now have less cash to splash.
Analysis-China Faces Uphill Battle to Repeat 2020 Miracle as Exports Falter
That outlook contrasts sharply with 2020, when China’s economy roared back from its a deep pandemic-induced contraction, thanks to a combination of stimulus and surging exports as locked-in global …
Global Car Sales To Fall, Spooked By Russian Invasion, China’s Shutdown
shipping export to worldwide. Global car sales were supposed to rally this year as manufacturers dragged themselves out of the coronavirus mire, but a combination of Russia’s invasion of Ukraine, …
COMMENTARY: China ‘trade war’ tariffs
Inflation is rising, but 73% of American voters support higher prices on China goods. Yet, with Trump Derangement Syndrome as real as COVID, some members of Congress aren’t interested in …
China returns as 2nd top Bitcoin mining hub despite the crypto ban
The Chinese government has not managed to take down cryptocurrency operations as part of its crypto ban last year as China has re-emerged as one of the world’s largest Bitcoin (BTC) mining hubs …
Wheat export ban: Hope India will reconsider, says US after China’s defence
German Agriculture Minister Cem Ozdemir had criticised India and said that if everyone started imposing restrictions then that would worsen the crisis.
US Customs seized 460 counterfeit Rolex watches that would have been worth a collective $10.1 million if they were real
US customs seized 27,107 shipments of pirated goods valuing over $3.3 billion. The majority of these shipments come from China.
Central Asia Caught Up in Power Play Between US, China
In the two most recent U.S. presidential administrations, Central Asia has been caught up in Washington’s “strategic competition” with Beijing, experts say. And, they add, that under the presumption …
China slams West, backs India’s wheat export curbs
China on Sunday came to India’s defence after G7’s criticism over the decision to regulate the export of wheat, saying that blaming developi.
China’s small businesses buckle under lockdowns, as expats exit
For Li Pei, keeping two businesses running during China’s lockdowns has been no easy task. At Li’s solar panel business in Shanghai, staff have been working remotely to achieve sales quotas since the …
Some factories might leave China, but in the grand scheme of things it doesn’t matter much
Businesses have discussed moving factories out of China for years, especially since labor costs have climbed and U.S.-China trade tensions worsened.
Trade with nominal rigidities: Understanding the unemployment and welfare effects of the China shock
Concerns about international trade have grown, as recent studies document a negative effect of Chinese import competition on US labour markets. This column provides a new framework to explain this …
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