A Chinese economist said China’s official GDP figures may be higher than actual numbers. He said China’s GDP is likely to grow between 3% and 4% in the next three to five years, but the official number is likely to […]
China’s Official GDP Numbers May Not Be Accurate: Top Economist Read More »
China’s exports grew 6.7% in November, hitting $312 billion, despite economic challenges. The growth reverses last year’s decline, driven by strong global demand and frontloaded orders. Beijing is planning proactive fiscal policies amid tariff threats from President-elect Trump. It’s been
China Export Growth Spurt Is Already Slowing Before Trump Takes Office Read More »
Russian President Vladimir Putin has urged his government and central bank to curb Russia’s 8% inflation rate. Russia’s inflation target is 4%, with interest rates at a record high of 21%. The high interest rates are pressuring businesses and hurting
Putin Acknowledges a Key Pain Point in Russia’s Market Read More »
Putin has signed off on a record defense budget for 2025 amid the ongoing Ukraine war. Defense spending will rise to 13.5 trillion rubles, making up a third of the country’s budget. Russia’s economy faces inflation and ruble decline, despite
Putin Makes It Official: Russia Is All in on Defense Spending Read More »
On Monday, Donald Trump threatened more tariffs on China, blaming Beijing for fentanyl. China criticized Trump’s tariff threats, calling them ineffective and unjustified. Global markets have reacted cautiously, with companies adjusting strategies amid higher trade tensions. Post-election, Donald Trump is
Trump’s Saber Rattling About Tariffs Is Unsettling China Read More »
US President-elect Trump announced sweeping tariffs on Mexico, Canada, China, impacting global markets and currencies. Some analysts see Trump’s tariff threats as leverage for countries to comply with the President-elect’s wishes. Analysts expect more tariffs and uncertainty ahead and are
Trump’s Directing the Trade War Even Before He Takes Office Read More »
Chinese Xi Jinping was unusually candid with US President Biden in their last meeting as their countries’ leaders. Xi outlined China’s “red lines” for the US, including the country’s rights to development. Beijing was setting ground rules for the incoming
Xi Was Unusually Frank Spelling Out China’s 4 ‘Red Lines’ for the US Read More »
President-elect Donald Trump has pledged to end income tax on tips. The proposal is part of Trump’s broader tax cut plan, including for overtime and Social Security. House Speaker Mike Johnson said Congress would need to figure out the math
Mike Johnson Says Congress Needs to Sort the Math for Trump’s Tax Cuts Read More »
Chinese leader Xi Jinping has outlined his “four red lines” to US President Joe Biden. The hot-button issues concern democracy and China’s development. Xi’s comments came two months ahead of President-elect Donald Trump’s inauguration in January. It will be another
Xi Is Setting His Boundaries With Trump Along These 4 ‘Red Lines’ Read More »
Trump’s presidency may pressure Russia’s oil and gas industry. The EU is thinking about replacing Russian LNG with US shipments, potentially affecting trade dynamics. Trump’s energy policies could boost US oil production, impacting global energy markets. Thanks for signing up!
Russia’s Energy Industry Is a Easy Target After Trump’s Election Win Read More »
