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China’s economy expanded 8.1% in 2021, but growth is slowing
The 2021 growth figure is roughly in line with the expectations set by many economists. And it outstrips the Chinese government's target last year for its economy to expand at least 6%.But GDP expanded just 4% in the last quarter of the…
Former China official warns of yuan weakness in 2022 as economy slows
SHANGHAI : China should prepare for its currency to pull further away from recent highs if economic data continues to disappoint next year, a former senior official at the country's foreign exchange regulator has warned.The dollar…
Brunei’s economic goals shared at China forum » Borneo Bulletin Online
James Kon
Brunei Darussalam’s target for downstream oil and gas industry’s economic output is BND5 billion per year by 2035. With this, the Sultanate welcomes foreign direct investment (FDI) in the downstream sector including those…
Charting the Global Economy: US Jobs Signal Another Big Fed Hike
Comment on this storyCommentSign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Sustained US job growth and an unemployment rate near a 50-year low bolstered bets that the Federal Reserve will…
Why Mexico is missing its chance to profit from US-China decoupling
When Donald Trump started a trade war with China in 2018, Mexico looked well placed to benefit. For American manufacturers scrambling to dodge newly imposed tariffs on Chinese imports, the attraction of moving production to their…
China’s factory, service sectors shake off 3 months of lockdown pain
A worker polishes a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS Register now for FREE unlimited access to Reuters.comRegisterChina…
G-7’s infrastructure plan offers an alternative to China’s Belt and Road Initiative in a
The Group of 7 has announced a new infrastructure funding program that could rival China's Belt and Road Initiative. One expert says the G-7's plan offers hope to developing countries but it remains to be seen whether it can match the…
China’s steel mill owners are in a bad mood as demand takes a hit
Steel mill owners in parts of China are in a bad mood, Beijing-based commodities consultant Simon Wu said.Steel inventories are slowly piling up in the warehouses of the country's biggest steelmaking hub, the northeastern city of…
Former U.S. ambassador says lifting China tariffs could slash inflation by 1% over time,
Removing tariffs on imported Chinese goods will strip 1% off inflation in the U.S. over time and return confidence to the economy which could help President Joe Biden at the ballot box, former U.S. ambassador David Adelman…