In November, retail sales in China fell 5.9 percent year over year as anti-COVID lockdowns persisted, industrial production shrank when orders from foreign buyers dwindled, and business investment slowed.
Tag: China
SPOTLIGHT: CHINA
In November, the volume of goods China shipped abroad fell 8.7 percent from a year earlier, the steepest annual drop since February 2020 when international COVID lockdowns were slamming the world’s economy shut, The Wall Street Journal reported.
SPOTLIGHT: CHINA STRUGGLES TO RIGHT ITS ECONOMY
China’s economic activity in construction, manufacturing, and services slowed more than expected in November, hobbled by continuing, widespread anti-COVID lockdowns, an unresolved financial crisis in the real estate sector, and fewer orders for the country’s factory output.
ZERO COVID VS. ZERO CREDIBILITY: WHY AMERICA HAS NOTHING TO SAY ABOUT CHINA’S COVID CRACKDOWN
The Biden administration can’t offer any strong condemnation of China’s “Zero COVID” crackdown.
HOW CHINA MAKES OTHERS PAY FOR CLIMATE COSTS
China is, by far, the world’s largest source of carbon emissions, methane emissions, and other so-called pollutants.
SPOTLIGHT: CHINA
In dollar terms, the value of China’s exports in October fell 0.3 percent, year on year, falling far short of the 4.3-percent increase that analysts had predicted, due to the U.S. and European Union buying less.
CENTRAL BANKS ARE GRABBING GOLD
The world’s central banks stockpiled an additional 399 tons of gold in this year’s third quarter, about twice the previous quarterly record, the World Gold Council reported.
U.S. CHICKEN HAWKS SQUEALING FOR MORE JETS TO FIGHT CHINA
The U.S. is not at war with China, but you’d never know it by listening to politicians in Washington.
SPOTLIGHT: CHINA
China continues its strict zero-tolerance policy of anti-COVID lockdowns as new closures closeted 200 million people in 28 cities as of 24 October, according to The Wall Street Journal.
U.S. IDENTIFIES CHINA AS MOST SIGNIFICANT THREAT IN NEW SECURITY REPORT, CHINA WARNS AGAINST NUCLEAR ARMS RACE
The Pentagon announced in its new National Defense Strategy that China remains the U.S.’s most “serious challenge” to security and noted that Beijing is increasing its “aggressive endeavor to refashion the Indo-Pacific region and the international system to suit its interests and authoritarian preferences.”