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China's export growth slowed sharply in September, raising new concerns about the outlook for the world's second-largest economy. According to data released by the Chinese customs office on Monday, exports rose just 2.4% year-on-year in U.S. dollar terms, a significant decline from the 8.7% increase reported in August.
China Delineates Baselines for Scarborough Shoal, Heightening …
1 day ago · China's decision to formally delineate baselines around Scarborough Shoal, a contested feature in the South China Sea, has heightened tensions with the Philippines over territorial claims in the region. The announcement, published online by China's Foreign Ministry, outlines geographic coordinates for the shoal and could intensify a longstanding dispute over a crucial area that both nations claim.
China's Inflation Slows in October Amid Struggling Economic …
4 days ago · China's consumer inflation rate slowed to a mere 0.3% year-on-year in October, according to data released by the National Bureau of Statistics (NBS). This marked a decline from September's 0.4% rise, reflecting weak consumer demand and adding to Beijing's economic challenges. The figure fell below the 0.4% increase anticipated by economists ...
Taiwan Bars TSMC's 2nm Chip Production Overseas to Safeguard …
2 days ago · Taiwan has prohibited Taiwan Semiconductor Manufacturing Co. (TSMC) from producing its advanced 2nm chips outside its borders, signaling the government's determination to protect critical semiconductor technology amid growing geopolitical tensions. Taiwan's Minister of Economic Affairs, J.W. Kuo, confirmed the move, emphasizing that while TSMC is free to build advanced facilities abroad, its ...
China’s Singles’ Day Struggles Amid Economic Woes, E-commerce …
1 day ago · China's once-glittering Singles' Day shopping festival, traditionally viewed as a bellwether of consumer sentiment, has lost much of its allure this year amid economic headwinds, including a real estate crisis and deflationary pressures. Merchants and consumers alike found the festival, originally launched in 2009 by e-commerce giant Alibaba, to be a far cry from its past splendor, as sluggish ...
China's Q3 GDP Growth Slows, Pushing Calls for More Stimulus …
Oct 19, 2024 · China's economy expanded at the slowest pace since early 2023 in the third quarter, as the world's second-largest economy grapples with a property market slump and weak domestic demand. Despite slightly better-than-expected consumption and factory output data in September, the overall economic picture remains challenging for Beijing, pushing for additional stimulus to revive growth.
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Business Times, is a digital global news publication which initially founded in 2009 and headquartered in Beijing, and moved the operation to New York City in March, 2020. The online publication provides comprehensive coverage and analysis of the most important business, economic, political and technological issues in China and around the world ...
IMF Raises U.S. Growth Forecast Amid Global Concerns, Cuts …
Oct 23, 2024 · The International Monetary Fund (IMF) has raised its 2024 economic growth forecast for the U.S. while trimming expectations for key global players such as China and the eurozone. The updated World Economic Outlook, released on Tuesday, projects U.S. growth at 2.8%, up two-tenths of a percentage point from July's forecast.
Chinese Student in Michigan Charged with Illegal Voting, Triggers …
Oct 31, 2024 · A Chinese national studying in Michigan faces felony charges for allegedly voting in the 2024 U.S. election, sparking fresh debate on voter eligibility. Authorities disclosed that the 19-year-old international student, who attends the University of Michigan in Ann Arbor, registered to vote on-site on October 27 and cast his ballot the same day.
Oil Prices Rebound After Steep Decline Amid China's Stimulus …
Oct 22, 2024 · Oil prices rebounded on Monday, regaining some of the losses from last week's steep sell-off as investors responded to China's economic stimulus measures and easing concerns over potential supply disruptions in the Middle East. Brent crude futures rose by $1.05, or 1.4%, to $74.11 per barrel, while U.S. West Texas Intermediate (WTI) crude climbed $1.21, or 1.8%, to $70.43 per barrel by midday ...
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