Japanese automakers are benefiting from a tried-and-true strategy as the cheaper yen supports earnings in the face of weakening sales in China and the increasingly difficult transition to electric vehicles. The currency was a contributing factor in the recent earnings… Read More ›
On Tuesday, China’s central bank unexpectedly reduced key policy rates for the second time in three months, providing more evidence that policymakers are stepping up their monetary easing initiatives to support the economy’s faltering recovery. Analysts claimed that the action… Read More ›
A slower-than-expected rebound in a crucial market would undoubtedly hurt sales for U.S. luxury brands like Michael Kors owner Capri and Estee Lauder. China most certainly made the U.S. need for cooling worse. After China relaxed stringent import controls to… Read More ›
In July, China’s imports and exports declined far more quickly than anticipated, endangering growth prospects in the second-largest economy in the world and increasing pressure on the government to introduce new stimulus measures to boost demand. Customs statistics revealed on… Read More ›
Global corporations have invested hundreds of billions of dollars to buy and establish factories in China since Deng Xiaoping opened the country to foreign investment in 1978 in order to get access to the market and access to cheap labour,… Read More ›
It is challenging to refine rare earths for the switch to green energy. Just ask Lynas and MP Materials. The two largest rare earths firms in the world outside of China are having trouble converting the ore from their mines… Read More ›
The Group of 20 (G20) major countries were unable to come to terms on specific goals for reducing harmful emissions on Friday, instead issuing a statement that called the present climate change mitigation efforts “inadequate.” The deadlock, which was the… Read More ›
According to four sources, Argentina’s preliminary agreement with the IMF is expected to consolidate evaluations of its $44 billion loan programme, potentially paving the way for streamlining payments to the cash-strapped nation. The third-largest economy in Latin America has been… Read More ›
Global investors are increasingly choosing to avoid China’s markets in favour of those of other rising nations that are either benefiting from or far removed from the geopolitical and growth uncertainties that loom over the world’s second-largest economy. According to… Read More ›
The Biden administration is attempting to precisely target U.S. export restrictions to China, but regulations may cost businesses some income, according to Gina Raimondo, the secretary of commerce, on Wednesday. At a seminar, Raimondo stated that restrictions shouldn’t be so… Read More ›
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