CHINA’S ECONOMY RETURNS TO GROWTH IN JUNE After contracting for three consecutive months, China’s economy grew modestly in June. The country’s official purchasing managers index (PMI) for the services sector grew to 54.7 last month from 47.8 in May as China lifted its three-month anti-COVID lockdown of more than 325 million people in 46 metro...
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SPOTLIGHT: THE RETURN OF CHINA
CHINA’S EXPORT ECONOMY REBOUNDS China’s exports surged 16.9 percent in May, year over year, almost four times the 3.9-percent expansion booked in April, the country’s General Administration of Customs reported. The figure stunned analysts, who had held a median expectation of 8 percent, The Wall Street Journal noted. The surge likely was the result of...
SPOTLIGHT CHINA: EAST VS. WEST
Australia and Canada blamed the Chinese fighter jets for conducting aggressive maneuvers during patrols near North Korea, which included one fighter spraying metallic chaff in the path of an Australian surveillance craft. China played down the incident and questioned aloud why planes from Canada and Australia were so close to its territory. “Australia military planes...
SPOTLIGHT: CHINA’S TROUBLES CONTINUE
CHINA’S COVID LOCKDOWN HARMS DOMESTIC, GLOBAL ECONOMIES Adidas, Intercontinental Hotels Group, and Starbucks are among the multinational firms that have seen revenues sink because of China’s draconian anti-COVID lockdowns, which have shut an estimated 325 million people in at least 46 cities into their homes or workplaces for two months. Affected areas include tech hubs...
SPOTLIGHT: CHINA
TOP 2022 TREND, DRAGFLATION: CHINA’S ECONOMY IS SHRINKING China’s Caixin purchasing managers index (PMI) for service industries plunged to 36.2 in April from 42 in March, IHS Markit reported on 4 May, signaling a growing weakness throughout the nation’s economy. Readings below 50 indicate contraction; the lower the number, the harder the fall. The subindex...
SPOTLIGHT: CHINA
IMF CUTS OUTLOOK FOR CHINA’S ECONOMY The International Monetary Fund (IMF) predicts China’s economy will grow by 4.8 percent this year, not the 5.7 percent it had foreseen previously, the agency said in its annual outlook report. China’s 8.1-percent growth last year depended too heavily on exports and government investment while consumer spending sagged, the...
SPOTLIGHT: CHINA
AS WE FORECAST: CHINA’S ECONOMY GROWS 8.1 PERCENT IN 2021 While much of the world was downgrading China’s GDP growth estimates for 2021, the Trends Journal had forecast it would grow by 8 percent. We were 0.1 percent off: China’s economy grew 8.1 percent overall in 2021 on the strength of its exports to a...
SPOTLIGHT: THE RISE OF CHINA
CHINA’S EQUITY VALUE GREW TO $12.7 TRILLION IN 2021 China’s stock markets held $12.7 trillion at the end of 2021, ranking it as the world’s second-largest equities market. Domestically-listed stocks added about 20 percent in value, or about $2.1 trillion, through the year, according to S&P Global Market Intelligence, mirroring the 23-percent rise in the...
SPOTLIGHT: CHINA
CHINA SETS EXPORT, IMPORT RECORDS IN NOVEMBER China exported nearly $326 billion worth of goods and services in November, a record, and imported $254 billion to satisfy its roaring demand for fuel and metals, Bloomberg reported. Imports shot up 30 percent compared to a year earlier; exports climbed 22 percent in dollar terms, with both...
SPOTLIGHT CHINA. CRASH COMING? RECOVERY AHEAD?
CHINA: EMPEROR XI IN CHARGE China is on the move; it has big plans, and so does the man at its helm, President Xi Jinping. To help facilitate those plans, he has eliminated term limits on the presidency and put himself in a position to serve a third term, during which he hopes to further...
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