BEIJING—China’s imports and exports shrank in November under pressure from weakening global demand and anti-virus controls at home. Exports sank 9 percent from a year ago to $296.1 billion, worsening from October’s 0.9 percent decline, customs data showed Wednesday. Imports fell 10.9 percent to $226.2 billion, down from the previous month’s 0.7 percent retreat in…
China Trade Shrinks Amid Virus Pressure, Interest Rate Hikes
December 8, 2022
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Make a Million (1935)
November 24, 2022
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Professor Reginald Q. Jones (Charles Starrett), associate professor for social economics at Pelton University (founded in 1912), has a very clear picture of how in the United States economic inequality should be changed. Credit: Public Domain Movies – Feature Films: Cinema collection: epochcinema.com Epoch Original content: epochoriginal.com Feature Films: www.theepochtimes.com/featured-films * Click the “Save” button…
Easing Eurozone Downturn Offers Hope of Milder Recession
LONDON—The downturn in eurozone business activity eased slightly in November offering a glimmer of hope the expected recession may be shallower than feared, but consumers still cut spending amid a cost of living crisis, a survey showed on Wednesday. There has been mounting evidence the bloc is entering a recession and in a Reuters poll…
Business Leader Urges UK PM Sunak to Increase Economic Immigration
The UK’s Prime Minister Rishi Sunak on Monday faced pressure to increase immigration to plug labour shortages in the UK. Attending the Confederation of British Industry (CBI) annual conference in Birmingham, Sunak was urged to agree on a “new deal” on immigration, allowing more skilled workers to enter the UK on fixed-term visas. The prime minister…
Goldman’s Solomon: Fed Could Raise Beyond 4.5–4.75 Percent If No ‘Real Changes in Behaviour’
RIYADH—Goldman Sachs CEO David Solomon said on Tuesday the Federal Reserve said economic conditions will “tighten meaningfully from here” and the Federal Reserve could hike rates beyond 4.5–4.75 percent if it does not see real changes in behavior. “So I too am in the camp that we likely—likely have a recession in the U.S., going…
China’s Economic Growth Increases but Weak Amid Shutdowns
BEIJING—China’s economic growth picked up in the latest quarter but still was among the weakest in decades as the ruling Chinese Communist Party (CCP) tries to reverse a slump while enforcing anti-virus controls and a crackdown on debt in its vast real estate industry. The world’s second-largest economy grew by 3.9 percent over a year…
Yellen Says Chips, Research Investments Will Boost US Economic Capacity
HERNDON, Va.—Treasury Secretary Janet Yellen said on Friday that domestic investments in semiconductors and research would help reverse a longstanding innovation deficit and increase the productive capacity of the U.S. economy. Yellen, speaking at a business incubator in the Washington area’s Dulles technology corridor, said that the U.S. lead in technology innovation has increasingly come…
China Delays Release of Key Economic Data Amid Party Congress
BEIJING—China delayed the release of economic indicators scheduled for publication this week, including its third-quarter gross domestic product data due on Tuesday, according to an updated calendar on the statistics bureau’s website. The highly unusual delay comes amid the week-long political conference of the ruling Chinese Communist Party (CCP), a twice-a-decade event that is an…
LIVE at 11:00AM ET: Can America Contain the Chinese Communist Party—or Is It Too Late?
Since the 1970s, U.S. political and corporate elites have fueled Beijing’s rise as a military and economic superpower. Finally, U.S. leaders have come to see the stark truth: China is the most serious foreign threat America has ever faced. So what does the future hold? In this revealing new episode of Over the Target Live,…
LIVE NOW: Can America Contain the Chinese Communist Party—or Is It Too Late?
Since the 1970s, U.S. political and corporate elites have fueled Beijing’s rise as a military and economic superpower. Finally, U.S. leaders have come to see the stark truth: China is the most serious foreign threat America has ever faced. So what does the future hold? In this revealing new episode of Over the Target Live,…
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