Tag: china

World Bank chief economist talks about global recession

World Bank chief economist talks about global recession

World Bank (WB) Chief Economist Carmen Reinhart doubts that the US and global economies will be able to avoid a recession.
G7 leaders unveil $600 billion plan to invest

G7 leaders unveil $600 billion plan to invest

The investments will involve developing countries and are an effort to compete with China's Belt and Road Initiative.
Microchip sector grows fastest in China

Microchip sector grows fastest in China

The microchip sector is growing faster in China than anywhere else in the world, and Chinese companies are reporting record sales.
Russia became China’s biggest oil supplier in May

Russia became China’s biggest oil supplier in May

The West doesn't want Russian oil, so exports are going east. Russia's oil imports to China rose 55% year-on-year in May, hitting a record.
China has significantly reduced exports of gasoline

China has significantly reduced exports of gasoline

According to Chinese customs data, May gasoline exports fell by 45.5%. This is a year-on-year drop of almost 93%.
Oil prices development backed by easing restrictions in China

Oil prices development backed by easing restrictions in China

Oil is technically in an uptrend from April and data from China could support staying in it for some time.
The crypto mining ban in China is just a bad joke

The crypto mining ban in China is just a bad joke

China is not the only country that has tried to ban mining and the use of crypto, but it seems that cryptocurrencies simply always find their way.
Apple wants to increase production outside China

Apple wants to increase production outside China

The reason is the risk of further measures against the Covid pandemic, but also a possible problem between China and the US.
Technical analysis of crude oil – what has happened?

Technical analysis of crude oil – what has happened?

The influence of fundamentals on crude oil cause high volatility in the markets and left several areas as subjects of interest.
The US economy may grow more than China’s this year

The US economy may grow more than China’s this year

China's economy is expected to grow by only 2% this year, while the US gross domestic product is expected to grow by 2.8% this year.