China’s exports grew at the beginning of 2022, propped up by record-high trade volume with Russia amid the unfolding Ukraine crisis, official data showed on March 7. The output rose 16.3 percent in January and February from a year earlier, beating analysts’ expectations for a 15.0 percent raise, China Customs said on Monday. Its bilateral…
China Exports Expand in Early 2022 as Trade With Russia Surges to High
China, Russia Trade Surges Amid Ukraine War
China’s export growth slowed in the January-February period but was propped up a high trade volume with Russia amid the unfolding Ukraine crisis, official data showed on March 7. The country’s output rose 16.3 percent in January and February from a year earlier, beating analysts’ expectations for a 15.0 percent raise, China Customs said on…
South Korean Presidential Candidate Faces Backlash After Controversial Remarks on Ukraine
South Korean presidential candidate for the ruling Democratic party faces backlash after placing blame on the Ukrainian president for the Russian invasion during a presidential debate. The 2022 South Korean presidential election is scheduled for March 9, less than a week away. Meanwhile, the war in Ukraine has come into the international spotlight as the…
US Criticizes China and Russia for Seeking ‘Profoundly Illiberal’ World Order
U.S. State Department Ned Price on Feb. 23 criticized China and Russia for seeking to create a new “profoundly illiberal” world order, with the current Russian aggression against Ukraine being a part of that. Price pointed to the two nations’ joint statement released earlier this month as evidence for their desire of achieving such a…
G20 Summit Kicks Off With Ukraine Warning: Crisis Threatens Economic Recovery, World Peace
Finance ministers and central bank governors of the G20 group of nations kicked off a two-day meeting on Feb. 17 with a stark warning that the Russia–Ukraine tensions pose a threat to the post-pandemic economic recovery and to world peace. The Group of 20 meeting is being held in Jakarta, the capital of Indonesia, with…
Gold, Oil Rise on Ukraine Crisis; US Stocks End Flat
NEW YORK—Oil and gold rose on Wednesday after NATO and the United States said Russia was increasing its troop build-up near Ukraine, while a dovish reading of minutes from the last Federal Reserve meeting helped stocks close mostly flat on Wall Street. Stronger-than-expected U.S. retail sales data and higher inflation readings from Canada and Britain…
Beijing Can’t Wait for Escalation of Ukraine Crisis
The Chinese Communist Party (CCP) has strategically positioned itself to take advantages from the current tensions between NATO and Russia over Ukraine. Any coming sanctions the West may impose on Russia will likely push Putin further into China’s global expansion plan. As the Western World is still in the process of realizing its own failures…
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