At China’s Central Economic Work Conference last week, officials indicated Beijing will cut interest rates, raise its budget deficit, and lower banks’ reserve requirements next year to make more room for economic stimulus.
Tag: China
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CHINESE CAR COMPANIES ARE OPENING DEALERSHIPS ACROSS MEXICO
Chinese electric vehicle (EV) makers, including majors BYD, Chery, Geely, and SAIC, are establishing dealerships across Mexico and, according to one Mexico City BYD salesman, the cars are selling as fast as he can get them.
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GERMAN ECONOMY WILL BARELY RECOVER IN 2025, CENTRAL BANK SAYS
Germany’s crippled industrial economy is leading the country’s GDP to a 0.2-percent contraction this year, the Bundesbank says, and a recovery will not begin until after the first quarter of 2025.
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U.S. ADDS NEW SANCTIONS ON CHIP SALES TO CHINA
The Biden administration has added new bans on sales of AI components to China but applied the sanctions to fewer companies than originally had been indicated.
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SPECIAL REPORT: WILL CHINA RETALIATE AGAINST TRUMP TARIFFS?
At various times during his presidential campaign, Donald Trump said he would impose tariffs of 10, 25, 60, and 200 percent on Chinese imports into the U.S.
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U.S. APPROVES NEW ARMS SALE TO TAIWAN WORTH $385M, ANGERS CHINA
The Biden administration announced last week that it approved $385 million in weapons for Taiwan, which will include spare parts for F-16s and radar systems, prompting China to promise “countermeasures.”
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TRUMP PROMISES INSTANT NEW TARIFFS ON CANADA, CHINA, MEXICO
Donald Trump has said he will impose a new 25-percent tariff on all imports from Canada and Mexico and “an additional 10-percent tariff, above any additional tariffs" on imports from China on his first day in office.
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U.S. SANCTIONS FREEZE CHINA’S AI CHIP PROGRESS
Huawei Technologies, China’s flagship chip producer, will use years-old “7-nanometer” technology in creating the next two iterations of its leading-edge “Ascend” AI chips, people familiar told Bloomberg.
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SPOTLIGHT ON CHINA’S ECONOMIC STRUGGLE: CHINA’S DOMESTIC ECONOMY PERKED UP IN OCTOBER
In October, China’s retail sales grew by 4.8 percent, their sharpest monthly increase since February, figures reported by the National Bureau of Statistics showed.
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MILLION-BARREL GLOBAL OIL GLUT AHEAD, IEA SAYS
The world will see an oil surplus exceeding one million barrels a day in 2025, the International Energy Agency (IEA) said, even though demand will increase slightly in the new year.