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China's export growth slowed sharply in September, raising new concerns about the outlook for the world's second-largest economy. According to data released by the Chinese customs office on Monday, exports rose just 2.4% year-on-year in U.S. dollar terms, a significant decline from the 8.7% increase reported in August.
China Delineates Baselines for Scarborough Shoal, Heightening …
2 days ago · China's decision to formally delineate baselines around Scarborough Shoal, a contested feature in the South China Sea, has heightened tensions with the Philippines over territorial claims in the region. The announcement, published online by China's Foreign Ministry, outlines geographic coordinates for the shoal and could intensify a longstanding dispute over a crucial area that both nations claim.
Lai Ching-te Defends Taiwan’s Sovereignty, Sparks Beijing's Backlash
Oct 11, 2024 · In a defiant National Day address, Taiwan's President Lai Ching-te vowed to resist any attempts by China to annex the self-governing island, reaffirming his country's determination to uphold its sovereignty. Speaking to a large crowd in Taipei, Lai emphasized Taiwan's progress and its resolve to stand firm against Beijing's pressure, a stance that has already provoked a sharp reaction from China.
China's Inflation Slows in October Amid Struggling Economic …
4 days ago · China's consumer inflation rate slowed to a mere 0.3% year-on-year in October, according to data released by the National Bureau of Statistics (NBS). This marked a decline from September's 0.4% rise, reflecting weak consumer demand and adding to Beijing's economic challenges. The figure fell below the 0.4% increase anticipated by economists ...
China Signals Debt Increase, But Leaves Investors Wanting Details …
Oct 13, 2024 · Projections for necessary stimulus have ranged from 2 trillion yuan ($283 billion) to as much as 10 trillion yuan ($1.4 trillion), depending on the scope of Beijing's ambitions. The briefing, which took place amid a backdrop of volatile market reactions in China, did little to calm investors' concerns. The lack of specifics regarding new ...
China's Q3 GDP Growth Slows, Pushing Calls for More Stimulus …
Oct 19, 2024 · China's economy expanded at the slowest pace since early 2023 in the third quarter, as the world's second-largest economy grapples with a property market slump and weak domestic demand. Despite slightly better-than-expected consumption and factory output data in September, the overall economic picture remains challenging for Beijing, pushing for additional stimulus to revive growth.
Trump's New York Hush Money Conviction Delayed as Presidential …
1 day ago · Trump-appointed judges have also played roles in dismissing certain charges, further complicating the legal landscape. In a move that underscores the complex legal landscape surrounding President-elect Donald Trump, New York Judge Juan Merchan on Tuesday agreed to delay any decision on overturning Trump's conviction in the hush money case.
IMF Raises U.S. Growth Forecast Amid Global Concerns, Cuts …
Oct 23, 2024 · The International Monetary Fund (IMF) has raised its 2024 economic growth forecast for the U.S. while trimming expectations for key global players such as China and the eurozone. The updated World Economic Outlook, released on Tuesday, projects U.S. growth at 2.8%, up two-tenths of a percentage point from July's forecast.
Oil Prices Rebound After Steep Decline Amid China's Stimulus …
Oct 22, 2024 · Oil prices rebounded on Monday, regaining some of the losses from last week's steep sell-off as investors responded to China's economic stimulus measures and easing concerns over potential supply disruptions in the Middle East. Brent crude futures rose by $1.05, or 1.4%, to $74.11 per barrel, while U.S. West Texas Intermediate (WTI) crude climbed $1.21, or 1.8%, to $70.43 per barrel by midday ...
China's Export Growth Slows Sharply as Global Demand Weakens, …
Oct 15, 2024 · China's export growth slowed sharply in September, raising new concerns about the outlook for the world's second-largest economy. According to data released by the Chinese customs office on Monday, exports rose just 2.4% year-on-year in U.S. dollar terms, a significant decline from the 8.7% increase reported in August. Imports grew by a mere 0.3%, reflecting weak domestic demand and adding to ...
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