Economic Growth
China’s Economy Surges with Q4 GDP Growth of 5.4%
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China
Basic Economic Concepts
Foreign Phone Sales in China Plunge Amid Rising Local Competition
Sales of foreign mobile phones in China plummeted 47.4% year-on-year in November, totaling just 3.04 million units, according to new data from the China Academy of Information and Communications Technology (CAICT). Apple, the dominant foreign […]
Balance of Payments
China’s Exports Surge as Global Demand Remains Strong, But Trade Tensions Loom
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 […]
Consumer and Business Behaviour
American Brands are Feeling the Squeeze as Sales Drop in China
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 […]
Balance of Payments
China Slashes Tariffs for Developing Nations
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 […]
Economic News
China Hits Back with Brandy Tariffs as Trade Tensions Escalate
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 […]
Consumer and Business Behaviour
“Black Myth: Wukong” Breaks Records with 10 Million Sales in Just Three Days
“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 […]
Aggregate Demand and Supply
China’s Economy Surges with High-Tech Manufacturing Boost
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 […]
Consumer and Business Behaviour
EU Probes into Chinese Solar Firms for Possible Unfair Subsidies
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 […]
Consumer and Business Behaviour
Volkswagen and Xpeng Power Up for Electric Future in China
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 […]
Aggregate Demand and Supply
Is China Going Through Mexico to Bypass US Tariffs?
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 […]
Consumer and Business Behaviour
Shein’s IPO Adventure: Navigating the Waters of Global Finance and Regulation
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 […]
Consumer and Business Behaviour
China’s BYD Charges Ahead to Dethrone Tesla as EV Market Leader
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, […]
Aggregate Demand and Supply
Apple Braces for Potential Fourth Quarter Revenue Decline Amid Global Challenges
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 […]
Aggregate Demand and Supply
China’s Big Bet: $137 Billion Infrastructure Boost to Rev Up Economy!
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 […]
Aggregate Demand and Supply
China Welcomes Colombian Beef: Brazil Braces for Market Shifts!
 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 […]
Aggregate Demand and Supply
China’s Capital Control Conundrum: A Bid to Boost Foreign Investment!
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 […]
Consumer and Business Behaviour
Apple’s China Wobble: When Politics Meets Tech!
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, […]
Balance of Payments
China’s Strategic Surge in Semiconductor Imports
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 […]
Aggregate Demand and Supply
China’s Central Bank Cuts Reserve Ratio to Boost Economic Recovery
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 […]
Balance of Payments
China’s Export Surprise: A 7.5% Plunge in May Shakes Economic Predictions
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 […]
Consumer and Business Behaviour
China’s Economic Recovery Boosts Sales for U.S. Companies
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 […]
Consumer and Business Behaviour
China’s Green Investment Wave Electrifies Europe’s EV Industry
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 […]
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Economic News
China’s GDP expected to rebound in 2023
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 […]
Consumer and Business Behaviour
Tesla slashes China prices in the face of fierce domestic competition
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% […]
Aggregate Demand and Supply
Monetary easing to free up $188 billion for Chinese banks
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 […]
Balance of Payments
China US trade tensions relaxing under Biden Administration
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Balance of Payments
Australia likely to go to the WTO if China extends wine tariffs
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 […]
Economic News
China’s new goal of growing productivity at a higher rate than GDP depends on rural education
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 […]
Aggregate Demand and Supply
China records 2.3% GDP growth in 2020
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 […]
Economic News
China makes pledge to be ‘carbon neutral’ by 2060
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 […]
Balance of Payments
China to impose an 80.5% tariff on Australian barley exports
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 […]
Consumer and Business Behaviour
China to continue subsidising electric vehicles as the post Covid-19 recovery begins
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 […]
Aggregate Demand and Supply
China’s economy has reduced in size for the first time in decades
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. […]
Consumer and Business Behaviour
The factory of the world is firing up again: China records strong growth in manufacturing activity for March
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 […]
Economic News
The cost of the coronavirus so far: $7 trillion and counting
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 […]
Consumer and Business Behaviour
Here is ten thousand HK dollars… Help kickstart our economy!
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 […]
Aggregate Demand and Supply
Corona Credit Crunch for many Chinese businesses
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 […]
Aggregate Demand and Supply
Global defence spending increasing in an uncertain world
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 […]
Consumer and Business Behaviour
Oil prices make a 2% comeback after a 5-day slump
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 […]
Balance of Payments
Supply of Malaysian Palm Oil fallen to two-year low
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 […]
Consumer and Business Behaviour
Chinese economy could take a US$60 billion hit following the deadly coronavirus outbreak
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 […]
Balance of Payments
Phase one of the US-China trade deal signed!
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. […]
Balance of Payments
A trade deal between the US and China seems imminent… But what even is a Trade War and how do they fight?
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 […]