US-China Tariff War Leaves No Winners, Experts Warn
American expert Scott Lucas warns US-China tariff wars harm both economies, with US businesses and consumers facing immediate financial consequences.
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Comprehensive coverage of economic and business news worldwide, with a strong focus on Asia’s emerging markets, trends, and opportunities.
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Chinese Beauty Brands Expand Global Reach with Surging Exports
Chinese cosmetics exports surge 12% in H1 2024, driven by digital strategies and competitive pricing. Brands challenge global giants in Southeast Asia’s booming markets.
China Boosts Tech Innovation with Financial Reforms
China’s multi-tiered financial framework drives tech innovation and industrial growth, offering global insights for sustainable development strategies.
China’s Digital Leap: 5G Expansion & Tech Breakthroughs Reshape Economy
China achieves world-leading digital infrastructure growth under 14th Five-Year Plan, with 4.55M 5G stations and $808B data economy reshaping industries.
Oil Prices Dip as IEA Revises Supply Forecast Ahead of US-Russia Summit
Oil prices decline as IEA raises supply forecast and investors await US-Russia talks on Ukraine conflict, impacting global energy markets.
China’s Real Economy Gains Momentum as Loans Surge 6.8% in July
China’s yuan-denominated loans to the real economy rose 6.8% in July, reflecting sustained monetary support amid efforts to boost transparency and reduce corporate financing costs.
China Launches Interest Subsidies to Fuel Consumer Spending Surge
China introduces interest subsidies for personal and business loans to boost domestic consumption, signaling a strategic push to invigorate economic growth.
China’s Shipbuilding Mega-Merger Sets Global Industry Record
China’s merger of CSSC and CSIC creates the world’s largest listed shipbuilder, marking a milestone in state-owned enterprise restructuring and global industrial strategy.
AI Can’t Replace Human Bonds: Global Shapers Advocate for Connection
Global Shapers member Fan Hongyi emphasizes AI’s inability to replace human connections while celebrating the UN’s 80th anniversary and its role in global cooperation.
China’s New Quality Productive Forces: A Blueprint for Global Growth
China’s innovative ‘new quality productive forces’ theory offers a sustainable development model for emerging economies, balancing growth and environmental goals.
US Tariff Chaos Hurts Economy, Experts Warn
Economist Justin Wolfers warns Trump-era tariffs raise costs without reviving US manufacturing jobs, highlighting risks for global supply chains.
US Tariffs Shrink Economy, Yale Study Warns
Yale Budget Lab analysis reveals US tariffs lead to economic contraction, higher prices, and reduced business investment, impacting global markets.
US Senator Criticizes Trump Tariffs as ‘Unconstitutional Tax’ on Citizens
US Senator Maria Cantwell argues Trump-era tariffs act as an unconstitutional tax on citizens, sparking debate over trade policy impacts on global economies.
China’s Summer Box Office Hits Record High as Films Ignite Audiences
China’s summer box office surges 35% with patriotic films and Hollywood hits driving record theater attendance and economic recovery signals.
Indonesia and Peru Forge Landmark Trade Pact to Boost Regional Ties
Indonesia and Peru sign a Comprehensive Economic Partnership Agreement to enhance trade and cooperation, aiming to expand market access in South America and Asia.
SCO Summit 2023: Reinventing Multilateralism in a Divided World
As the SCO prepares for its largest-ever summit in China, analysts examine its growing role in shaping multilateral solutions to global security and economic challenges.
US Tariffs Squeeze Automakers, Price Hikes Loom
US automakers face billions in tariff-related losses, with price hikes expected as costs surge. Analysis of impacts on GM, Ford, and Stellantis.
China’s Inflation Holds Steady as PPI Dips in July
China’s CPI stabilizes at 0% annual growth in July, while PPI contracts 4.4% amid seasonal pressures, signaling mixed economic signals.
Beijing Eases Homebuying Rules to Revive Property Market
Beijing relaxes homebuying rules to stimulate property market, easing restrictions and boosting loan limits for residents and non-residents.
US Reciprocal Tariffs Trigger Global Trade Tensions, IMF Warns of Risks
New US tariffs spark global backlash as Brazil, India, and Switzerland face steep levies. EU and Japan secure exemptions, while IMF warns of long-term economic damage.