Various economic data released last week by China’s National Bureau of Statistics shows few bright spots, despite an array of government measures implemented in recent months to energize spending and investment.
Tag: China
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SPOTLIGHT: CHINA’S ECONOMIC DISTRESS: IS CHINA’S EXPORT BOOM TAPERING OFF?
In July, the value of China’s exports in dollar terms rose 7 percent, year on year, lower than June’s 8.6-percent increase and missing analysts’ forecasts of a 9.7-percent jump.
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IN CHINA, EVS AND HYBRIDS OUTSELL INTERNAL COMBUSTION CARS
In July, for the first time, all-electric vehicles (EVs) and gas-electric hybrids outsold internal combustion cars.
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U.S. SUPPORT FOR ISRAEL OPENS DOOR FOR CHINA INFLUENCE
The U.S. support for Israel’s genocide and increased aggression in the Middle East is alienating Washington and allowing China to exert more influence in the region.
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TOP TREND 2023, SELF-SUFFICIENT ECONOMIES: CHINA’S SOLAR FARMS ARE CROWDING OUT CROPS
As part of its relentless obsession with building infrastructure, in 2023 China installed more solar panels than the U.S. has in its history—217 million kilowatts, more than half of all the solar capacity the world added last year.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
After slowing steadily for months, China’s factory production actually contracted in July, according to the Caixin S&P Global purchasing managers index (PMI).
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CHINA’S WEAK ECONOMY TANKS COMMODITIES MARKET
Persistent weak demand in China and an abundance of supplies have driven many investors and speculators out of the commodities market, dumping about $41 billion in long positions on the way out.
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U.S. PROVIDES THE PHILIPPINES WITH $500M IN ADDITIONAL MILITARY AID TO COUNTER CHINA
The Biden administration announced last week that it will pump the Philippines with $500 million more in military aid as the Asian country continues to clash with China in the South China Sea.
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SPOTLIGHT: A HARD ROAD FOR AUTO COMPANIES
From March of 2020, to March of this year, the average price of a new car spiked nearly 30 percent while the average price of a used car jumped 34 percent.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
The Chinese Communist Party published a list of 60 policy goals after its meeting last week. The goals were broad, such as improving the business environment and focusing on cutting-edge industries, but included no details of how the goals would be met.