The added value of the financial sector is being calculated via a new set of metrics to increase statistical accuracy and cut down on data manipulation, making GDP figures more resilient to massaging by localities.
US President Joe Biden also gives his action a political edge, criticising Donald Trump, his predecessor and challenger for re-election, for failing to increase US exports and boost manufacturing.
Tariffs would rise to 100 per cent from 27.5 per cent on China-made electric vehicles (EVs) and to 50 per cent on its semiconductors and solar cells.
Prohibitive tariffs await Made in China electric vehicles bound for the US. Can the nation’s producers keep growing their sales and brand awareness without making inroads into the US and European markets?
In this week’s issue of the Global Impact newsletter, we share some highlights from Open Questions, a new series from the Post that interviews global opinion leaders.
The success of the station could have big implications for the industry, as the new technology is seen as a promising alternative to resource-dependent lithium batteries.
Fresh US tariffs targeting China’s new-energy sector are imminent, threatening to thwart export efforts aimed at alleviating a market oversupply.
With its narrowbody C919 flying regular routes and orders pouring in, China has already started design work on the next generation of its domestically produced commercial aircraft – the C939.
Finance deals made through smaller Chinese banks would help ‘resolve the threat of secondary sanctions’, according to fresh findings by a Renmin University institute.
China’s shock credit contraction is adding pressure on the government to spend more money – and on the central bank to help.
China has begun to test paying some state employees through its digital currency, but the trial is not making much impact in the e-CNY’s adoption as most quickly and automatically switch their salaries to cash.
When Russian President Vladimir Putin visits China, many have predicted he will discuss the slow progress on the Power of Siberia 2 pipeline. Is the marquee project, watched closely by the West, still a go?
The era of battery-powered cars has truly arrived, as EVs dominated the car show. While carmakers still displayed a lot of futuristic concepts, it was the ongoing price war that had people talking.
Property slump and rising debt piles provide debt-ridden local governments the opportunity to increase the cost of services such as rail fares and utilities.
As China looks to tap Europe’s vast market for lithium batteries, Hungary has become an attractive destination for production to make logistics simpler – and bypass EU trade investigations.
Policy adviser Liu Yuanchun says expanding weak domestic demand remains the ‘key measure’ for China, with reforms needed to empower rural population as Beijing eyes sustainable economic growth.
Banks like HSBC and Standard Chartered are urging the British government to amend a proposed legislation that aims to impose restrictions on doing business in China.
European firms have been revising expectations for the Chinese market while planning for a projected economic slowdown, further adding to China’s challenges and ‘setting a negative cycle in motion’.
With the government pulling out the stops to show support to the private sector, some scholars have called for an official delineation between entrepreneurs and ‘capitalists’ to demonstrate ideological sincerity.
China’s exports returned to positive growth in April amid a recovery of global demand, but analysts said the focus should still be on sustaining momentum in domestic demand.
New Zealand High Court held Yan bankrupt in connection with more than NZ$60.9 million (US$36.6 million) he owes construction company Mainzeal’s creditors.