China’s export growth accelerated in May, buoyed by robust demand for chips, autos and other high-tech goods fuelling the global AI boom, reports Reuters. The growth has provided policymakers some relief as energy price shocks from the Iran conflict weigh on broader demand. Exports expanded 19.4% from a year earlier in US dollar value terms, customs data showed […]
Category: Economics & Trade
EU trade chief Maros Sefcovic will meet China’s international trade envoy, Li Chenggang, in Paris on Thursday, reports the South China Morning Post. This comes as the sides look to defuse tensions that have pushed them to the brink of a trade war. The officials will meet on the sidelines of an Organisation for Economic Co-operation and Development […]
Trade tensions between the US and China have made companies around the world less keen to invest in either country, reports the South China Morning Post citing a report from Allianz Trade. The report found the United States almost twice as unpopular as its rival. The report, based on an annual survey by the Paris-based international insurance […]
Hong Kong stocks fell to a nearly three-month low on Wednesday, reports the South China Morning Post. This comes as surging oil prices fuelled bets that rising energy costs would stoke inflation and cripple global growth. The Hang Seng Index closed 2% lower at 25,249.48, the lowest since December 16. The Hang Seng Tech Index lost […]
The escalating conflict in Iran has disrupted Chinese car shipments to the Middle East, reports Caixin. The situation is paralyzing Chinese business operations in Iran and threatening the viability of the United Arab Emirates (UAE) as a crucial transshipment hub. A source at a Chinese state-owned automaker told Caixin that his company’s business in Iran has […]