China’s exports surged by 12.7% in October, marking the fastest growth in over two years and outpacing analyst expectations of just 5.5% growth. The spike was fueled by strong demand for Chinese goods across major […]
U.S. consumer giants are finding China a challenging market as slowing consumer spending and strong local competition impact sales. Tech titan Apple, coffee chain Starbucks, and sportswear giant Nike have all reported sales dips in […]
Starting December, China will cut tariffs for goods from 43 of the world’s least developed nations, primarily across Africa and Asia. This policy means these countries can export products like crops, seafood, and raw materials […]
In the latest round of trade disputes, China has imposed new tariffs on European brandy imports, a move seen as retaliatory after the European Union levied tariffs on Chinese electric vehicles. French officials have criticized […]
“Black Myth: Wukong,” a Chinese-developed action RPG, has achieved unprecedented success, selling over 10 million copies within just three days of its release. Developed by Game Science, this title has quickly climbed to the top […]
China’s economy demonstrated a stronger-than-anticipated performance at the beginning of the year, primarily fueled by significant advancements in high-tech manufacturing sectors. The National Bureau of Statistics reported a 5.3% increase in GDP for the first […]
The European Commission has initiated inquiries into two Chinese solar panel manufacturers amid concerns of potential government subsidies that contravene EU competition regulations. These investigations emerge as these firms vie for a contract to develop […]
Volkswagen has partnered with Xpeng, a renowned Chinese electric car manufacturer, in a strategic move to reclaim its foothold in the rapidly growing electric vehicle (EV) market in China. This collaboration aims to develop two […]
China appears to be rerouting its exports to the United States via Mexico, sidestepping the hefty tariffs established by the US. Recent trade data suggests a significant uptick in Chinese goods shipped to Mexico before […]
In a recent move that’s caught the eyes of many, China has placed Shein, the global online retail giant, under the microscope as it prepares for an Initial Public Offering (IPO). This scrutiny isn’t just […]
China’s BYD (Build Your Dreams) has made a historic leap in the electric vehicle (EV) sector, surpassing Tesla to become the world’s largest EV maker. This shift signals a major transformation in the automotive industry, […]
Apple, the tech giant known for its iPhones and MacBooks, is bracing for its fourth consecutive quarterly revenue decline. As the company prepares to report its earnings, Wall Street anticipates a slight dip in sales […]
China is making a bold move to bolster its economy by allocating an additional 1 trillion yuan ($137 billion) towards infrastructure projects. This strategic decision comes as China aims to counteract the economic pressures it […]
 China has given the green light to Colombia’s beef exports, marking a significant move in the international meat trade. This decision was communicated to Brazilian meatpacker Minerva, which owns two plants in Colombia. The […]
China is making significant moves to attract foreign investment by easing its capital controls. In a bold step, China has allowed foreigners in its major cities, Shanghai and Beijing, to move their money freely in […]
Apple has hit a snag in China with recent reports suggesting that Chinese government workers have been instructed to stay clear of iPhones. This news has caused Apple’s shares to tumble for two consecutive days, […]
Data from Chinese customs shows that in June and July, the country imported nearly $5 billion worth of chip production tools, a 70% increase from the same period last year. Interestingly, most of these imports […]
In a move to bolster its economic recovery, China’s central bank, the People’s Bank of China (PBOC), announced on Friday that it would reduce the reserve requirement ratio (RRR) for all banks, barring those already […]
In an unexpected economic twist, China’s exports fell by 7.5% in May, a far more significant drop than the predicted 0.4%. This is the first decline since February, raising concerns about the health of the […]
China’s economy is recovering from a slowdown caused by the COVID-19 pandemic, and this is good news for U.S. companies that do business in China. Starbucks, Yum Brands, MGM Resorts, and Tapestry are just a […]
China’s investment in Europe has taken a “green” turn, as they increasingly fund eco-friendly ventures like electric vehicle battery production. In 2022, over half of Chinese investment in Europe was in new projects rather than […]
Following 3 years of strict controls to stifle the spread of Covid-19, the Chinese economy is now ready to rebound, with most analysts predicting GDP growth of around 5 percent this year. The global pandemic […]
Tesla has been forced to cut its prices in China as local competition from firms such as BYD and Xpeng intensifies. The price of their cheapest model in the China market has decreased by 5% […]
The People’s Bank of China, China’s central bank, announced this week that they would reduce the current reserve requirement ratio (RRR) to just over 8.4%. A reduction in RRR will allow banks to hold less […]
THINK LIKE AN ECONOMIST! Click here for the source article
Following the introduction in China of temporary tariffs on Australian wine imports last year, the Australian wine industry is now expecting an imminent announcement of both an increase and expansion of the tariffs. Already […]
After the recent ‘two sessions’ in Beijing, a series of high-level meetings which determine the economic and social policy for the next five years, the Chinese government announced that there will not be a specific […]
2020 is a year to forget, but we won’t… and despite the economic woes from all over the world, the Chinese economy still managed to finish the year slightly bigger than it was 365 days […]
In what some commentators are calling a bold and audacious pledge, President Xi announced to the UN that China will be carbon neutral by the year 2060. That gives the world’s second largest economy, and […]
Australia’s barley producers are about to feel the full force of Chinese protectionism after the Ministry of Commerce (MOFCOM) announced on Monday that an 80.5% tariff would be imposed on barley exports from Australia. The […]
After coming to a grinding halt in February this year, the Chinese economy is open again and gradually returning to normality. The first sign of this is that the air is hazy once again, which […]
China’s unbelievable economic growth streak of over forty years has finally come to an end today, with the world’s second largest economy recording a negative growth rate of -6.8% in the first quarter of 2020. […]
Whilst economies around the world are still on their knees, China seems to have picked itself back up again, after emerging from the worst of Covid-19’s destruction across the country. In battling the virus throughout […]
Since the outbreak of Covid-19 in January this year, governments and central banks around the world have been spending trillions of dollars in order to keep the global economy afloat. The scale of the economic […]
In an unprecedented move to help boost the ailing Hong Kong economy, the financial secretary Paul Chan has announced a HK$10,000 cash handout for all permanent residents aged 18 or above. This creative fiscal policy […]
With millions of people in self-imposed quarantine across China and severe travel restrictions, small and medium sized businesses could be on the verge of collapse. Since the outbreak of the deadly coronavirus in January, businesses […]
Defence spending across the world increased significantly in 2019 according to a report by the Institute of Strategic Studies (ISS). The data collected by the ISS for 2019, shows that world-wide defence spending increased by […]
After 5-days of significant loss, oil prices made a comeback on Wednesday with prices increasing by just over 2%. Reports suggest that the 2% jump, reflecting greater confidence in the market, could be a result […]
Palm oil, which accounts for over 5% of Malaysian exports, has seen a dramatic decrease in stock levels with the figure for January at its lowest since June 2017. The low stock level has been […]
The economic impact of the coronavirus is still a guessing game at the moment, but one thing is for sure: it is going to be big. The impact on the services sector alone has already […]
China and the US have finally come to an agreement on steps to bring an end to the devastating trade war which has engulfed the current account of both countries, whilst also significantly rocking the global economy. […]
Trade wars are not fought with guns, missiles, planes, or ships. Instead they are fought with the raw power of economics, and in particular a special type of tax called tariffs. These are taxes which […]
Copyright © 2024 | MH Magazine WordPress Theme by MH Themes