Goldman Sachs and Citigroup Slash China's 2024 Growth Forecast …
WEB1 day ago · Goldman Sachs and Citigroup have both revised their projections for China's economic growth in 2024 downward to 4.7%, signaling increasing concern about the country's economic trajectory. The adjustments come in the wake of a slowdown in China's industrial output, which reached a five-month low in August, intensifying worries about the world's second-largest economy's ability to rebound.
Dollar Falters Ahead of Fed Rate Cut, Eyes on Potential 50 Basis …
WEB19 hours ago · The U.S. dollar has been under increasing pressure as markets anticipate a significant shift in monetary policy from the Federal Reserve. As the Fed's decision on a potential rate cut looms, the dollar traded near its lowest levels of the year on Tuesday, with investors betting heavily on an aggressive easing cycle that could begin with a substantial 50 basis point reduction.
Business Times - Business & Financial News, China & International ...
WEBChina’s Inflation Rises on Weather-Driven Food Costs, But Deflation Woes Persist as Producer Prices Slide. According to data released by the National Bureau of Statistics (NBS) on Monday, the consumer price index (CPI) increased by 0.6% year-on-year, slightly up from a 0.5% rise in July but below the 0.7% forecasted by economists.
Titan Submersible Hearing Begins: Final Message Revealed as …
WEB1 day ago · A U.S. Coast Guard investigatory hearing into the tragic implosion of the Titan submersible began on Monday, shedding new light on the catastrophic failure that claimed the lives of all five passengers during a deep-sea expedition to view the Titanic wreckage. The hearing, which is taking place in North Charleston, South Carolina, revealed critical details, including the submersible's final ...
U.S. Imposes 100% Tariffs on Chinese Electric Vehicles Starting …
WEB4 days ago · The Biden administration on Friday confirmed substantial tariff increases on a range of Chinese imports, including a 100% duty on electric vehicles (EVs), in a strategic move to bolster domestic industries against China's state-supported production surge. The U.S. Trade Representative (USTR) announced that many of these tariffs will take effect on September 27, marking a significant escalation ...
Beijing Vows Retaliation as U.S. House Passes Bill Targeting Hong …
WEB5 days ago · The U.S. House of Representatives has passed a bipartisan bill that could lead to the closure of Hong Kong's trade offices in the United States, escalating tensions between Washington and Beijing. The legislation, known as the Hong Kong Economic and Trade Office Certification (HKETO) Act, was approved with overwhelming support on Tuesday, sparking strong condemnation from both the Hong Kong ...
China Blasts US Missile Deployment in Philippines as Threat to …
WEBAug 31, 2024 · China has condemned the recent deployment of U.S. missiles to the Philippines, asserting that such moves threaten regional stability. The criticism comes amid a separate but related maritime dispute in the South China Sea, where the Philippines faces mounting pressure from Beijing over contested waters.
U.S. Expands Ban on Chinese Imports Over Alleged Uyghur Forced …
WEBAug 10, 2024 · The United States has intensified its efforts to eliminate goods made with forced labor from its supply chain by imposing a ban on imports from five additional Chinese companies. The latest action, announced on Thursday, adds to an expanding list of entities that the U.S. government alleges are complicit in human rights abuses against Uyghur Muslims and other minority groups in China's ...
Could the U.S. Be Drawn into South China Sea Conflict as China …
WEBAug 19, 2024 · The deployment of U.S. military assets to the Philippines is part of a broader strategy to counter China's assertive actions in the South China Sea. The U.S. has also pledged $500 million in military aid to the Philippines, a move described as "unprecedented" by U.S. officials. However, this increased military presence has only heightened ...
China Accuses Philippines of 'Deliberate' Collision, Warns of Severe ...
WEBAug 19, 2024 · Tensions in the South China Sea escalated dramatically on Monday as China's Coast Guard accused a Philippine vessel of deliberately colliding with one of its ships in what Beijing described as a "dangerous and unprofessional" manner. The incident, which occurred at approximately 3:24 a.m. local time, further strained relations between the two nations, which have long been at odds over ...
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