Despite the impact of Covid lockdowns in sections of the nation in March, China’s first-quarter GDP expanded faster than projected, according to figures provided by the National Bureau of Statistics on Monday. GDP increased by 4.8 percent in the first quarter, above estimates of a 4.4 percent growth from the previous quarter. Fixed asset …
China’s 1st Quarter GDP Shocks The World With a 4.8% Surge Read More »
Despite Beijing’s request for further monetary stimulus to cushion an economic downturn, China’s central bank left borrowing prices of its medium-term policy loan steady for the third month on Friday, as predicted. According to an online statement, the People’s Bank of China (PBOC) said it would keep the rate on 150-billion-yuan ($23.52 billion) in one-year …
China’s economic growth would likely fall to 5.0 percent in 2022 because further COVID-19 outbreaks and faltering global recovery would put more pressure on the central bank to loosen policies further. The projected growth rate for 2022 is lower than the 5.2 percent predicted by economists, implying that the government will have difficulty meeting this …
The COVID Blow Crashes China’s GDP Growth To 5.0% In 2022 Read More »
Beijing condemned Western sanctions on Russia following its invasion of Ukraine; hence, China’s overall commerce with Russia increased by more than 12% in March; it went down from February but still surpassed China’s total commerce growth. Chinese customs statistics showed on Wednesday that shipments to and from Russia grew 12.76 percent in March to $11.67 …
China’s Commerce With Russia Is Slowing But Still Growing Read More »
Consumers in the United States are paying more for everything. In China, the problem of inflation is completely different. According to experts, persistent inflation in China narrows the opportunity for the People’s Bank of China to decrease interest rates and promote development. According to statistics released Monday, official gauges of producer and consumer prices in …
Despite this, S&P downgraded Moscow to selective default,’ warning that the nation is unlikely to meet its foreign debt obligations. Since its war with Ukraine, Russia has added $3.4 billion in fresh oil and gas earnings to the fund that cushions its sanctions-hit economy as it moves closer to its first debt default since 1998. …
Russia’s Economy Has A $3.4 Billion Buffer Thanks To Fuels Read More »
On Friday, the Russian central bank slashed its benchmark rate to 17% and suggested more cuts were conceivable, citing emergency measures as having contained the risk to financial stability, returned deposits to banks, and helped reduce the threat of inflation. Following a dramatic emergency boost in February, the central bank retained its benchmark interest …
The Russian Central Bank Dropped Interest Rate To 17% Read More »
According to Francis Fukuyama, a senior scholar at Stanford University’s Freeman Spogli Institute, finding a diplomatic solution to the crisis in Ukraine would be difficult unless the reality on the ground improves. “Both parties have suffered tremendous losses,” he added. He argued that anything less than Russia’s departure to pre-war territory would be hard for …
Why Will a Russia-Ukraine Agreement Be Tough to Achieve? Read More »
On Tuesday, the World Bank stated that Asian nations might face three significant economic shocks this year; the Ukraine conflict, a dramatic slowdown in China, and the US Federal Reserve rate rises. The development bank lowered its growth prediction for East Asia and the Pacific (EAP) to 5% from 5.4 percent for 2022; it warned …
The Ukraine Conflict, China, and The Fed Looming for Asia Read More »
Following footage of mass deaths of civilians in Bucha, near Kyiv, European leaders have indicated that they may impose sanctions on Russia’s energy exports. On Monday, the European Union’s top diplomat, Josep Borrell, said that the organization was working on further penalties against Russia as a “matter of urgency.” This week, President Macron of France …
Europe Adds Penalties, Russia’s Energy Exports Scrutinized Read More »
The Ukraine issue is straining China’s ties with the US and the rest of the West; hence, Beijing has turned its attention to mending wounds with its neighbors. According to analysts, China’s diplomatic frenzy in the last two weeks demonstrates the importance of its neighbors in Beijing’s relationship hierarchy. Following a hectic tour of India, …
After the Ukraine Crisis, China Reaches out To Its Neighbors Read More »
Analysts believe Moscow’s vigorous import substitution strategy, which began in 2014, has had mixed effects. Russia sent in bulldozers to crush plump packs of camembert and peaches. In August 2015, a year after Russia’s annexation of Crimea prompted, targeted Western sanctions against several firms and members of the Russian political and military elite. President Vladimir …
Difficult Task of Replacing Critical Imports for Russia Read More »
Li Daokui, a former counselor to China’s central bank, the People’s Bank of China, said we should take the so-called “no boundaries” collaboration between the two countries as “situational” and should treat it “with a grain of salt.” Before Russia invaded Ukraine in late February, Beijing and Moscow established a “no boundaries” strategic collaboration to …
Take the China/Russia No Boundaries with A Grain of Salt Read More »
The financial assault waged by the West against Russia has been spectacular. Commodity markets are a mess; they are fanning already uncomfortably high inflation; hence, predictions for global economic growth have been lowered as a result. Many enterprises will suffer significant losses due to their exodus from Russia. However, many investors and experts have been …
What Explains the Calm in Global Financial Markets? Read More »
Even as a new subvariant generates a new wave of infections, many countries have decided to live with the coronavirus. China, on the other hand, is a notable exception. China uses “snap” lockdowns to stop COVID-19 from spreading within its borders. Furthermore, the policy is looming over the global economy and financial markets; it is …
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