China’s top defense official criticized the U.S. Sunday following what Beijing described as a reckless near-miss between an American destroyer and Chinese warship in international waters in the Taiwan Strait.
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SPOTLIGHT: BIGS GETTING BIGGER
Newmont Corp., the world’s largest gold miner, will take over Australian competitor Newcrest Mining Ltd. in a deal valued at $17.5 billion, the gold mining industry’s largest merger on record.
CHINA’S HOLIDAY SPENDING HINTS AT FUTURE ECONOMIC STRENGTH
Chinese consumers spent lavishly through the Labor Day holidays during the first week of this month, a traditional barometer of the consumer economy’s future strength.
SPOTLIGHT: BYE BYE BUCKS – DEATH OF THE DOLLAR
China’s yuan, not the dollar, was the most-used currency in China’s international trade at the end of March, Business Insider reported.
SPOTLIGHT: BYE BYE BUCKS – THE DEATH OF THE DOLLAR
Since Western allies levied sanctions on Russia after it invaded Ukraine, the proportion of world trade paid for in China’s renminbi currency has more than doubled, according to the Financial Times.
SPOTLIGHT: BYE, BYE BUCKS—THE DEATH OF THE DOLLAR
As we have greatly detailed over the weeks and as illustrated in this issue of the Trends Journal, it is a new world order. Much of what used to be emerging markets have emerged to large global economies providing products and services that were once dominated by the United States.
SPOTLIGHT ON GAS AND OIL
The 27 member countries of the European Union (EU) will buy natural gas collectively in an attempt to negotiate lower prices from suppliers by signing long-term agreements for bulk purchases.
CHINA BEEFING UP MILITARY AMID GROWING TENSION WITH U.S.
China will increase its military budget by about 7.2 percent in 2023 to make its military a “world class” force by 2049.
SPOTLIGHT, TOP TREND 2023: FROM DIRTY CASH TO DIGITAL TRASH
In India, QR codes have become as common as curry. Street peddlers and performers display them just like barber shops and clothing stores do. Even beggars have their own QR codes if passers-by have no spare change.
CHINA RANKS WORLD’S #2 AUTOMAKER
China’s vehicle exports have tripled to more than 2.5 million in 2022, the China Passenger Car Association has reported.