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.
Tag: Economy
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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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SPOTLIGHT: BIGS GETTING BIGGER
German conglomerate Robert Bosch has agreed to pay $8.1 billion to take over the heating and air systems business now owned by a partnership between Hitachi and Johnson Controls International.
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SPOTLIGHT: TOP TREND 2023, OFFICE BUILDING BUST
Deutsche Bank will see loan losses equivalent to 0.30 percent of the value of its loan portfolio this year, the bank said last week. Earlier, it had warned of losses that could be as low as 0.25 percent.
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SPOTLIGHT: BIGS GETTING BIGGER
This year’s surge in mergers and acquisitions has rewarded Goldman Sachs with a 150-percent gain in its second-quarter profits, lifting them to $3 billion.
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TOP TREND 2023, OFFICE BUILDING BUST: COMMERCIAL REAL ESTATE BUST UNDERMINING BOND DEALS
Thanks to the tumbling values of commercial properties, defaults are on the rise in a sector of the debt market known as single-asset, single-borrower bonds (SASBs).
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TOP TREND 2024: EV GO FU
After five years of mapping a road to an all-electric future, designing electric vehicles (EVs) and retooling factories to make them, and investing billions of dollars along the way, U.S. car companies are hitting the brakes.
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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.
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SPOTLIGHT: BIGS GETTING BIGGER
JPMorgan Chase’s investment banking fees rocketed up 50 percent in this year’s second quarter compared to the same period last year, the bank said.
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TOP TREND 2023: SELF-SUFFICIENT ECONOMY
China’s car companies are squeezing out Western competitors faster than expected.