Money

China’s golden age of industrial power might be ending

Published

1 year ago

June 29, 2023

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China is facing a perfect storm as its industrial output declines by double digits

Annual profits at China’s industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins.

China’s economy has struggled post covid and it’s long lockdowns.

Andrew Sullivan from Asian Market Sense in Hong Kong says China is faced with the perfect storm.

As domestic consumption decreases, international companies are now looking to India and Vietnam to produce its goods.

Then there’s the ongoing concerns about China’s relationship with Taiwan, and what that would do to the country’s computer chip manufacturing. #featured #china #industrial #economy

Related Topics:china Economy Featured industrial

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Fed’s signal a “No landing” scenario for the U.S. economy

Published

13 hours ago

October 7, 2024

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A “No landing” scenario for the US economy has become more plausible following a significant jobs surge in September.

U.S. job market surged in September with over 254,000 jobs added, surpassing the 150,000 forecasts July and August job numbers revised upward by a combined 72,000 positions.

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Biden is “discussing” support for Israel over Iran oil strike

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4 days ago

October 4, 2024

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The Biden administration believes it’s still “appropriate” for Israel to continue its ground and air attacks on Hezbollah.

The Middle East is a tinder box as Israel retaliates to Iran’s bombing earlier this week as well as fighting Hamas, Hezbollah and the Houthis in Gaza, Lebanon and Yemen. But what are the economic and geo-political implications? #featured #trending

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Defence shares rise to record high following Middle East attacks

Published

6 days ago

October 2, 2024

ticker NEWS

Stocks retreated Tuesday, with rising tensions in the Middle East cooling investor momentum after a strong quarter.

Oil prices eased and stocks recovered some ground after initial reports, as hopes grew that damage from the attack and any Israeli response would remain limited.

This market drop underscores the delicate balance between geopolitical risk and economic optimism. #featured #trending