The foreign ministers of Russia and Turkey spoke by telephone on Sunday, a day after Ankara angered Moscow by sending five Ukrainian commanders home with President Volodymyr Zelenskyy in what Russia called a violation of a prisoner exchange agreement. The Russian and Turkish foreign ministries said Sergei Lavrov and Hakan Fidan discussed the situation in…
Russian, Turkish Ministers Talk After Turkey Sends Ukrainian Commanders Home
China’s Premier Holds Meeting With Experts to Save Economy; Analysts Say Root Cause Systemic With Communism
July 9, 2023
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While Chinese communist regime’s Premier Li Qiang held a meeting with mainland Chinese economists on July 6 to collect suggestions on how to save the mainland Chinese economy, analysts say the root cause of China’s economic downturn lies in its political system, which is dictated by the ruling communist party (CCP) which is currently led…
ANALYSIS: How the Pandemic Impacted Trade Between the US and Mexico
Officials and experts along the U.S.-Mexico border said that over $1 trillion worth of trade a year between the two countries has finally recovered after taking a hit during the COVID-19 pandemic, with many manufacturers relocating to Mexico, where they export goods to the United States. During the pandemic, from 2019 to 2020, the value…
China Is Still What It Used to Be
June 8, 2023
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Commentary The recent China data often shocked the market, foreigners, and local analysts. Sometimes it was a fight between the official and private data sources like PMI; sometimes, it was a mismatch between domestic and foreign sources like trade data. A few years ago, China data were well-known to be fake: Whatever number the government…
China Factory Activity Slows, Adding to Economic Strains
June 1, 2023
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BEIJING—China’s manufacturing slowdown deepened in May as consumer and export demand weakened, a survey showed Wednesday, adding to signs an economic rebound following the end of anti-virus controls is slowing. Chinese leaders are under pressure to shore up the recovery after a survey found a record 1 in 5 young workers in cities were unemployed….
De-dollarization?
Commentary The potential U.S. debt ceiling and U.S. dollar status problems reignite the discussion of de-dollarization. The status of U.S. dollar will no doubt be firmly anchored in the financial market, which has already been discussed here previously. But the U.S. dollar share of goods trade is claimed to be jeopardized by the Chinese mouthpieces…
ANALYSIS: After a Strong Opening, China’s Economy Begins to Falter
May 16, 2023
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News analysis Not even a month ago, reports of a first-quarter consumer-spending surge created much enthusiasm about China’s return to economic strength. News that this spending had pushed China’s real gross domestic product (GDP) well ahead of consensus expectations renewed talk that China would surpass the United States as the world’s largest economy. Even then,…
China’s Shrinking Imports, Slower Exports Growth Darken Economic Outlook
BEIJING—China’s imports contracted sharply in April, while exports rose at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID-19 curbs and heaping pressure on an economy already struggling in the face of cooling global growth. China’s economy grew faster than expected in the first quarter thanks to robust services consumption,…
Official Chinese Data Depict Soaring Exports to South Asia; Economic Institutions Uncover True Status
News Analysis The Chinese Communist Party (CCP) recently claimed that China’s economic growth is stable, citing a double-digit spike in exports to the Association of Southeast Asian Nations (ASEAN) in March. Some financial institutions revealed that official data could not conclude that China’s exports are rebounding as various factors need to be considered. On April…
Empty Shipping Containers Pile Up in Chinese Ports as China’s Exports Continue to Decline
March 27, 2023
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Empty shipping containers used for export have been piling up in Shanghai, Ningbo, Guangdong, and other major Chinese ports since December, as China’s foreign trade continues to decline. The latest data from ContainerxChange, a global container trading platform, shows that in the sixth week of 2023 (February 5–11), the CAx (Container Availability Index) of Shanghai…
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