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China’s GDP rises despite virus outbreaks

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China’s economic growth has stunned experts, growing faster than expected in the first quarter

Figures show the economy expanded by 4.8 per cent year on year – 0.4 per cent higher than forecasted.

But this may still take a turn with the country at risk of a sharp slowdown over the coming months.

This decline is being triggered by COVID-19 restrictions and the war in Ukraine.

China’s GDP rose 1.3 per cent between January and March.

But retail sales crashed largely due to COVID curbs across China, falling 3.5 per cent.

Experts are predicting April data to worsen fuelled by Shanghai’s lockdowns and a rising unemployment rate the highest since May 2020.

China’s covid-zero policy has aggravated the country’s economy and the global supply chain clogging highways and ports, leaving workers stranded and shutting down dozens of factories.

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Trump meets Xi and Albanese at ASEAN Summit

Trump’s ASEAN talks with Xi and Albanese may reshape Indo-Pacific trade, defense, and critical minerals strategies.

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Trump’s ASEAN talks with Xi and Albanese may reshape Indo-Pacific trade, defense, and critical minerals strategies.


President Trump’s talks with Xi Jinping and Anthony Albanese at the ASEAN Summit could redefine trade, defence, and critical minerals strategy across the Indo-Pacific.

Professor Tim Harcourt from UTS joins to unpack the global and regional implications.

#ASEAN #Trump #XiJinping #AnthonyAlbanese #Trade #Defence #AUKUS #CriticalMinerals #USChina #IndoPacific


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Bitcoin tops $110K as South Korea reforms crypto rules

Bitcoin surpasses $110,000 as South Korea reforms boost crypto and Coinbase expands into tokenised securities, reshaping inflation debates.

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Bitcoin surpasses $110,000 as South Korea reforms boost crypto and Coinbase expands into tokenised securities, reshaping inflation debates.


Bitcoin has surged past $110,000 amid South Korea’s sweeping digital asset reforms and Coinbase’s expansion into tokenised securities.

Peter Chung from Presto Research joins to unpack what’s driving crypto’s comeback and how it’s reshaping the inflation hedge debate.

#Bitcoin #Crypto #DigitalAssets #Coinbase #SouthKorea #Blockchain #InflationHedge #Tokenisation


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Trump delays Putin meeting amid Ukraine stalemate

Trump delays Putin talks until Ukraine peace progress, coinciding with new U.S. sanctions on Russian oil firms.

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Trump delays Putin talks until Ukraine peace progress, coinciding with new U.S. sanctions on Russian oil firms.


President Trump has postponed talks with Vladimir Putin until meaningful progress is made on Ukraine peace negotiations, following new U.S. sanctions on Russia’s top oil firms.

The move adds pressure on Moscow as China and India scale back purchases.

#Trump #Putin #Ukraine #Russia #Sanctions #Oil #Diplomacy #China #India #USPolitics #ForeignPolicy #WhiteHouse


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