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US House of Representatives passes bill to ban TikTok unless it divests from China
lemonde.fr/en/united-states/article/2024/04/20/us-house-of-representatives-passes-bill-to-ban-tiktok-unless-it-divests-from-china_6669028_133.html
Quick Glance: EU Threatens to Suspend TikTok Lite App Features
- The European Commission has expressed concerns over the 'risks of serious damage for the mental health of users', including minors, regarding the TikTok Lite app.
- TikTok Lite allows users in France and Spain to earn points that can be exchanged for vouchers or gift cards by watching and liking videos.
- The commission is threatening to take interim measures, including suspending the rewards program in the European Union, if TikTok fails to provide a risk assessment.
- The EU has already fined TikTok under the Digital Services Act and could impose further sanctions if the company does not respond to requests or prove safety measures.
Taiwan rattled by 6.3 magnitude quake, no immediate reports of damage: A 6.3 magnitude earthquake struck Taiwan's eastern county of Hualien on Tuesday ...
reuters.com/world/asia-pacific/taiwan-rattled-by-63-magnitude-quake-no-immediate-reports-damage-2024-04-22/
Bond Demand Evaporates in Taiwan as Inflation Risks Mount: Taiwan’s government bonds are falling out of favor as traders fear stubborn inflation amid a solid ...
bloomberg.com/news/articles/2024-04-22/bond-demand-evaporates-in-taiwan-as-inflation-risks-mount
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US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
Australia to Cut Key Global Economy Growth Forecasts in Budget: Australia will cut the growth outlook for most major economies, including key trading partner ...
bloomberg.com/news/articles/2024-04-21/australia-to-cut-key-global-economy-growth-forecasts-in-budget
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Pro-China party wins Maldives election in landslide, media say: Maldives voters handed President Mohamed Muizzu's party a landslide win at parlimentary ...
reuters.com/world/asia-pacific/pro-china-party-wins-maldives-election-landslide-media-say-2024-04-22/
Quick Glance: Pro-China Party Secures Overwhelming Victory in Maldives Election
- President Mohamed Muizzu's PNC party wins by a landslide in Sunday's election, gaining control of parliament with a supermajority.
- The PNC, with three additional seats from allies, secures 70 out of 93 seats, signaling a shift towards China from India.
- Official results confirmation is expected soon, with the new assembly set to take office in early May.
- The election serves as a pivotal moment for Muizzu's agenda of closer economic ties with China following his previous win in the presidential election.
Electric cars, solar panels and wind turbines: dispute over China's overcapacity: Is China flooding the world with cheap solar panels, wind turbines or electric ...
nzz.ch/meinung/chinas-exporte-das-westliche-jammern-ist-scheinheilig-ld.1826559
China’s Solar Surge Is Making a Missing Power Data Problem Worse: The boom in renewable energy installations in China is exacerbating a problem measuring power ...
bloomberg.com/news/articles/2024-04-18/china-s-solar-surge-is-making-a-missing-power-data-problem-worse
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Copper Nears $10,000 as Investors Bet on Rising Global Demand: Copper edged closer to $10,000 a ton after an April rally fueled by bets that a recovering global ...
bloomberg.com/news/articles/2024-04-22/copper-nears-10-000-as-investors-bet-on-rising-global-demand
Iran oil exports hit 6-year high as west prepares sanctions: Surge in crude sales to China exposes limits of US and EU attempts to rein in Islamic republic
ft.com/content/00bb5653-e9aa-4af1-8f9e-705137947b32
Quick Glance: Iran's Oil Exports Thrive Amid Rising Tensions
- Iran is exporting more oil than in the past six years, providing the economy with a $35 billion annual boost, as western countries consider tightening sanctions in response to the attack on Israel.
- The US and the EU are preparing new sanctions on the Islamic republic to deter conflict escalation with Israel, facing challenges due to Iran's successful circumvention of sanctions, especially with China being its primary customer.
- Iran has found ways to bypass sanctions, shielded from western pressure as its main oil exports go to China. Tensions have escalated since the Hamas attack on Israel, driving oil prices up by over 15%, while US efforts to sanction individual tankers carrying Iranian oil have had minimal impact so far.
- Mounting Republican pressure urges the Biden administration to take tougher action on Iran's oil sales, with criticism over perceived leniency on existing measures. Despite US strategic oil reserves being released to stabilize prices, concerns remain over the administration's stance on enforcing sanctions similar to the previous Trump administration.
The German chancellor’s awkward meeting with China’s boss: It is time for Xi Jinping to accept that Germany isn’t America’s puppet
economist.com/europe/2024/04/18/the-german-chancellors-awkward-meeting-with-chinas-boss
Bloomberg New Economy: IMF Scrutinizes US Economy Instead of Going After China: As the US delegation looked to the annual springtime gathering of finance chiefs ...
bloomberg.com/news/newsletters/2024-04-20/bloomberg-new-economy-imf-scrutinizes-us-economy-instead-of-going-after-china
Chinese professor at Tokyo university missing after trip home: BEIJING -- A professor at Tokyo's Asia University has gone missing after temporarily ...
asia.nikkei.com/Spotlight/Society/Chinese-professor-at-Tokyo-university-missing-after-trip-home
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China can't quit coal by 2040, researchers say, despite global climate goals: China's coal consumption will fall by just one-third by 2040, according to a report ...
reuters.com/world/china/china-cant-quit-coal-by-2040-researchers-say-despite-global-climate-goals-2024-04-23/
Blinken to warn China over weapons-related exports to Russia: Washington considers sanctions on Chinese financial institutions, according to people familiar with ...
ft.com/content/0911e97e-03c8-4870-a72e-9b55f1f2405e
North Koreans may have helped create Western cartoons, report says: North Korean animators may have helped create popular television cartoons for big Western ...
reuters.com/world/asia-pacific/north-koreans-may-have-helped-create-western-cartoons-report-says-2024-04-22/
Quick Glance: Kim Leads Rocket Drills for Nuclear Counterattacks
- North Korean leader Kim Jong Un supervised rocket launches simulating nuclear counterattacks.
- The drills showcased the strength of the country's nuclear forces.
- The rockets were described as highly accurate and capable of carrying tactical nuclear warheads.
- The US and South Korea are responding with enhanced military exercises and nuclear deterrence strategies.
China Is Betting on a Trade-In Plan to Help Save Its Economy: China’s world-beating electric vehicle industry, at the heart of growing trade tensions with the US ...
bloomberg.com/news/articles/2024-04-22/china-is-betting-trade-ins-for-evs-fridges-can-help-save-its-economy
China's EV strategy of going small and cheap to pay big dividends in Asia: Russell
reuters.com/world/china/chinas-ev-strategy-going-small-cheap-pay-big-dividends-asia-russell-2024-04-23/
China’s GDP jumps 5.3% in first quarter: Growth rate beats expectations as Beijing tries to steer manufacturing-led economic revival
ft.com/content/211467a7-5f5f-4cc7-b6fd-cd4a34eb582e
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China Reiterates Need for Steady Yuan (CNY USD) as Dollar Strengthens: China reiterated the need to prevent one-sided moves in the yuan, as a resurgent dollar ...
bloomberg.com/news/articles/2024-04-18/china-reiterates-need-for-steady-yuan-amid-fragile-confidence
Nearly half of China's major cities are sinking, researchers say: Nearly half of China's major cities are suffering "moderate to severe" levels of subsidence ...
reuters.com/world/china/nearly-half-chinas-major-cities-are-sinking-researchers-say-2024-04-18/
Tesla cuts prices in US, China and Germany as competition heats up: Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices ...
cnn.com/2024/04/22/cars/tesla-price-war-china-germany-us-intl-hnk/
Quick Glance: Tesla cuts prices in US, China and Germany as competition intensifies
- Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices in the United States, as the world’s largest maker of electric vehicles (EV) faces declining sales and growing competition in major markets.
- The prices of four models were slashed in China by 14,000 yuan ($1,932), while in Germany, the price of the Model 3 rear-wheel drive was lowered by 2,000 euros ($2,132). Earlier cuts were made in the US, with prices of three models reduced, while prices for the Model 3 and Cybertruck remained unchanged.
- The price cuts come during a tough time for Tesla, with a significant stock plunge and a drop in quarterly deliveries. Elon Musk postponed his planned India trip due to company obligations. In China, Tesla's price cuts escalate an existing price war in a highly competitive sector influenced by other manufacturers like BYD offering more affordable options.
- The price wars in China began in 2022 and continue with over 30 car makers announcing further price reductions, impacting the entire auto industry's profit margins. Competitors like BYD and XPeng are also offering subsidies and lowering prices to attract buyers in the EV market, posing challenges to Tesla's market dominance.
VW workforce cuts: Volkswagen pays up to 450,000 euros in severance pay: VW is fueling its workforce reductions with high severance payments ...
wiwo.de/unternehmen/auto/sparprogramm-bei-volkswagen-vw-zahlt-bis-zu-450-000-euro-abfindung/29757096.html
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
reut.rs/4d6PnFn
Apple removes WhatsApp, Threads from China app store on government order: Apple removed Meta Platforms' WhatsApp and Threads from its App Store in China on ...
reut.rs/3JquYgY
Quick Glance: Apple removes WhatsApp and Threads in China
- Apple removes Meta-owned apps under Chinese government pressure.
- Apps delisted due to 'national security concerns'.
- Chinese users now unable to download Western social media apps.
- Apple faces declining iPhone sales in China despite branding efforts.
Chinese Central Bank Governor Downplays Yuan, Deflation Risks After GDP Surprise: China’s central bank governor Pan Gongsheng downplayed risks from deflation and ...
bloomberg.com/news/articles/2024-04-19/pboc-governor-downplays-yuan-deflation-risks-after-gdp-surprise
UBS Upgrades China Stocks to Overweight, Cuts Taiwan and Korea: UBS Group AG raised its recommendation on a key Chinese stock index to overweight in a rare ...
bloomberg.com/news/articles/2024-04-23/ubs-upgrades-china-stocks-to-overweight-cuts-taiwan-and-korea-lvboqewq
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China to revise statistics law to fight data fraud: China will revise its statistics law in a bid to fight persistent data fraud, the state-run Xinhua news ...
reuters.com/world/china/china-revise-statistics-law-fight-data-fraud-2024-04-23/
Tesla cuts prices across its line-up in China: Tesla Inc has lowered prices across its line-up in China, according to its official website ...
reut.rs/3W9QZs6
IMF Warns Surge in U.S., China Debt Could Have ‘Profound’ Impact on Global Economy
wsj.com/economy/global/imf-warns-surge-in-u-s-china-debt-could-have-profound-impact-on-global-economy-c3758d81
Saudi Aramco in talks to buy 10% of China's Hengli Petrochemical: Saudi oil giant Aramco said on Monday it is in talks to acquire a 10% stake in China's Hengli ...
reuters.com/markets/deals/chinas-hengli-petrochemical-says-saudi-aramco-talks-buy-10-company-2024-04-22/
China’s Growing Plastics Dominance Is Squeezing Out Asian Rivals: China’s rapidly expanding petrochemicals industry is making life increasingly difficult for ...
bloomberg.com/news/articles/2024-04-16/china-s-growing-plastics-dominance-is-squeezing-out-asian-rivals
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India tells spice makers to verify quality after Hong Kong allegations: India's spice exports regulator has asked MDH and Everest to provide details of quality ...
reuters.com/world/india/indias-everest-says-its-food-products-are-safe-after-hong-kong-halts-sale-2024-04-23/
JPMorgan China names new heads of China securities unit: JPMorgan Chase & Co appoints Lu Fang to chair the board of its China securities arm ...
reuters.com/business/finance/jpmorgan-china-names-new-heads-china-investment-banking-arm-2024-04-23/
Humble China street vendor makes sacrifices to support academically gifted daughters who gain PhD and master’s degree
scmp.com/news/people-culture/trending-china/article/3256292/humble-china-street-vendor-makes-sacrifices-support-academically-gifted-daughters-who-gain-phd-and
Foreign Investment in China Falls With Cloud Over Growth Outlook: Foreign investment into China slowed for a third straight month in March compared to the same ...
bloomberg.com/news/articles/2024-04-19/foreign-investment-in-china-falls-with-cloud-over-growth-outlook
China Braces for Worst as It Becomes Punching Bag in US Election: With Beijing already becoming a top target in the US election campaign, President Xi Jinping’s ...
bloomberg.com/news/articles/2024-04-21/china-braces-for-worst-as-it-becomes-punching-bag-in-us-election
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Quick Glance: China Gears Up for Worst Amid US Election Focus
- Beijing becomes a top target in the US election campaign, prompting a measured response from China.
- China responds moderately to US actions such as symbolic tariffs and investigations.
- Emphasis on the importance of US relationship and reliance on American consumer.
- Efforts to stabilize US-China ties amidst election rhetoric and tensions.
Hong Kong, China and a footballing dilemma: Hong Kong, China and a footballing dilemma
bbc.com/sport/football/articles/c9ezpy0ryk0o
Million-Dollar Jobs for Star Analysts at Risk in China Research Pullback: Brokerage analysts in China are confronting a harsh new reality.
bloomberg.com/news/articles/2024-04-17/million-dollar-analyst-jobs-at-risk-in-china-research-pullback
The Five Futures of Russia: And How America Can Prepare for Whatever Comes Next: And how America can prepare for whatever comes next.
foreignaffairs.com/russian-federation/five-futures-russia-stephen-kotkin
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US sends land-attack missile system to Philippines for exercises in apparent message to China
cnn.com/2024/04/22/asia/us-land-attack-missile-philippines-china-intl-hnk-ml/
Tesla cuts prices in China, Germany and around globe after US cuts: Tesla has cut prices in a number of its major markets, including China and Germany ...
reuters.com/business/autos-transportation/tesla-cuts-prices-across-its-line-up-china-2024-04-21/
China's Q1 fiscal revenue falls as tax cut policies weigh: China's fiscal revenue in the first quarter fell 2.3% from a year earlier, as some special factors ...
reuters.com/world/china/chinas-q1-fiscal-revenue-falls-tax-cut-policies-weigh-2024-04-22/
China leaves benchmark lending rates unchanged, in line with expectations: China left benchmark lending rates unchanged at a monthly fixing on Monday ...
reuters.com/world/china/china-leaves-benchmark-lending-lprs-unchanged-line-with-expectations-2024-04-22/
China's strong iron ore imports diverge from weak steel output: China's first quarter imports of iron ore and its domestic production of the steel raw material ...
reuters.com/world/china/chinas-strong-iron-ore-imports-diverge-weak-steel-output-russell-2024-04-22/
Volkswagen to Face Investors Skeptical of China Turnaround Plan: Volkswagen AG faces an uphill battle to convince investors it can turn around its business in ...
bloomberg.com/news/articles/2024-04-22/volkswagen-to-face-investors-skeptical-of-china-turnaround-plan
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UK police charge two men with spying for China: British police on Monday charged two men with spying for China, including one reported to have worked as a ...
reuters.com/world/uk/uk-prosecutors-authorise-charges-against-two-men-over-spying-china-2024-04-22/
Quick Glance: Charges Filed Against UK Ex-Parliamentary Researcher for 'China Espionage'
- London's Metropolitan Police has accused two men, researcher Christopher Cash and Christopher Berry, of violating the Official Secrets Act.
- The charges coincided with the announcement of the arrest of three German nationals suspected of spying for China and accessing secret maritime technology by German investigators.
- The British duo is alleged to have transmitted 'articles, notes, documents or information' to a foreign state between 2021 and the previous year.
- In September, the Met Police disclosed the arrest of a man in his twenties on espionage suspicions. The Sunday Times revealed his parliamentary researcher identity.
South Korea's economy likely saw steady economic growth in Q1: Reuters poll: South Korea's economy likely grew 0.6% last quarter, maintaining the same pace of ...
reuters.com/markets/asia/south-koreas-economy-likely-saw-steady-economic-growth-q1-2024-04-23/
Taiwan to discuss new arms funding with US as Chinese warplanes again near island
go.france24.com/CGH
Chinese Embassy: No Espionage: China's representation in Berlin rejects the latest espionage allegations. Meanwhile, CDU security expert Kiesewetter is convinced ...
zdf.de/nachrichten/politik/deutschland/spionage-china-deutschland-kiesewetter-100.html
China Extends Clean-Tech Dominance Over US Despite Biden's IRA Blueprint: There are fresh warning signs for American supply chains in solar ...
bloomberg.com/news/newsletters/2024-04-16/china-extends-clean-tech-dominance-over-us-despite-biden-s-ira-blueprint
Tesla to cut 10% of global workforce: About 14,000 jobs set to go as brutal price war and EV slowdown hit US automaker
ft.com/content/76985413-9fcd-4ce3-aaa0-b785539c116d
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Five Things You Need to Know to Start Your Day: Asia: Good morning. US stocks suffer longest losing streak since January. Russia and China seen dialing back ...
bloomberg.com/news/newsletters/2024-04-17/five-things-you-need-to-know-to-start-your-day-asia
Quick Glance: Joe Biden Calls for Significant Increase in Tariffs on Chinese Steel
- US President Joe Biden is pushing for an increase in tariffs on Chinese steel and aluminium to strengthen union support in the swing state of Pennsylvania.
- During a meeting with United Steelworkers union members in Pittsburgh, Biden calls on trade representative Katherine Tai to raise the tariffs from the current average of 7.5 percent.
- The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.
- The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.
Taiwan doubles award haul at annual U.K. marmalade competition - Focus Taiwan: A number of Taiwanese artisanal marmalade producers made a splash at the latest ...
focustaiwan.tw/culture/202404210014
US Firms Still Cautious About Investing in China, AmCham Says: US companies are wary about investing in China because of policy unpredictability ...
bloomberg.com/news/articles/2024-04-23/us-firms-still-cautious-about-investing-in-china-amcham-says
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China opens new air routes near Taiwanese islands: China's aviation regulator said on Friday it had opened new air routes to the Chinese cities of Xiamen and ...
reuters.com/world/asia-pacific/china-opens-new-air-routes-near-taiwanese-islands-2024-04-19/
China’s Rising Youth Unemployment Needs Attention, Official Says: China’s rising youth unemployment rate needs more scrutiny, a government official warned ...
bloomberg.com/news/articles/2024-04-16/china-s-rising-youth-unemployment-needs-attention-official-says
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UK mulls fresh controls on 'sensitive tech' after China cyber attack claim: Britain is exploring new curbs on China's access to "sensitive ...
thenextweb.com/news/uk-sensitive-tech-china-cyberespionage
China's foreign minister says major powers should avoid rivalry in South Pacific: China's foreign minister Wang Yi on Saturday said the South Pacific region ...
reuters.com/world/asia-pacific/chinas-foreign-minister-says-major-powers-should-avoid-rivalry-south-pacific-2024-04-20/
China’s Big Data Release to Show If Economy Rebounded
bloomberg.com/news/live-blog/2024-04-16/china-quarterly-gdp-key-data
EU Gets Tougher With China After Being Played : Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European ...
bloomberg.com/news/newsletters/2024-04-16/eu-gets-tougher-with-china-after-being-played
World defense spending reaches highest levels on record: Report: Military spending across the world last year reached the highest levels ever recorded by a major ...
thehill.com/policy/defense/4611470-world-defense-spending-reaches-highest-levels-on-record-report/
Quick Glance: Global Military Spending Hits Historic High in 2023
- Global military spending hit a record high of $2.443 billion in 2023 after a 7% increase, as per a report.
- Military expenditure rose consistently over nine years in all regions due to worsening peace and security globally.
- Countries like Ukraine, Russia, Poland, Germany, and the UK saw significant spikes in their military spending.
- Israel notably increased its military spending significantly due to the conflict in the Middle East, particularly a major offensive in Gaza in 2023.
U.S.-China relations 'stable but fragile,' AmCham chief says: HONG KONG -- U.S.-China relations are "stable but fragile," the American Chamber of ...
asia.nikkei.com/Business/Business-trends/U.S.-China-relations-stable-but-fragile-AmCham-chief-says
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Russia's Nornickel moves closer to biggest buyer with plan for copper plant in China
reuters.com/markets/commodities/russias-nornickel-move-copper-plant-china-ceo-tells-interfax-2024-04-22/
Hacker attacks: VW may have been a victim of Chinese industrial espionage - Golem.de
golem.de/news/hackerangriffe-vw-war-moeglicherweise-opfer-chinesischer-industriespionage-2404-184375.html
US House to vote on long-awaited aid package for Ukraine, Israel and Taiwan: The US House of Representatives is poised to hold a crucial vote on Saturday on a ...
france24.com/en/americas/20240420-us-house-to-vote-on-long-awaited-aid-package-for-ukraine-israel-and-taiwan
Quick Glance: Ukrainian President Thanks US for Weapon Aid
- Ukrainian President Zelenskyy thanked U.S. political leaders for approving an aid package for Ukraine, providing the country with a chance at "victory" in its defense against Russia.
- The House passed a bill granting Ukraine $60.8 billion in aid, with Zelenskyy urging swift Senate approval to ensure rapid assistance to frontline soldiers.
- Zelenskyy emphasized the critical need for long-range weapons and air defense systems to stabilize the situation and regain the initiative in Ukraine.
- He addressed rumors of a territorial deal with Russia, emphasizing the importance of a strategy based on concrete democratic measures to end the war.
New LME Russia Metals Sanctions to Drive Sales to China: US and UK sanctions on Russian metals will cement China as Moscow’s buyer of last resort for key ...
bloomberg.com/news/articles/2024-04-15/new-sanctions-on-russia-to-drive-even-more-metals-sales-to-china
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Sanctions on Russian Metal Will Test the Limits of Its Epic Railroads: Moscow officials have turned east. Adapting the country’s vast logistics networks is ...
bloomberg.com/news/newsletters/2024-04-19/sanctions-on-russian-metal-will-test-the-limits-of-its-epic-railroads
Australian coach defends Chinese swimming amid doping furore: Australian swimming coach Denis Cotterell has rejected allegations of orchestrated doping in ...
reuters.com/sports/australian-coach-defends-chinese-swimming-amid-doping-furore-2024-04-22/
What China Economists Are Watching to Gauge If Economic Rebound is Real: The world’s second-largest economy started the year on solid footing ...
bloomberg.com/news/articles/2024-04-15/here-are-five-things-china-economists-are-watching-to-gauge-if-rebound-is-real
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China's March fuel oil exports fall 32% y/y: China's exports of marine fuel oil fell 32% in March from a year earlier to 1.32 million metric tons ...
reuters.com/world/china/chinas-march-fuel-oil-exports-fall-32-yy-2024-04-20/
Pro-China Maldives president’s party sweeps parliamentary vote: Landslide victory brings into focus rivalry between New Delhi and Beijing in the region
ft.com/content/e3e2ab99-cc06-41ff-82f1-4ebc06079c01
Morning Bid: Tanking Tesla reports, Europe business beats: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-23/
China’s GDP grows 5.3% in the first quarter of 2024: China’s economy grew stronger than expected at the start of this year, partly thanks to robust factory ...
cnn.com/2024/04/15/business/china-q1-gdp-growth-intl-hnk/
Quick Glance: China's Economy Surprisingly Strong in Q1 2024
- China's economy experienced stronger growth than anticipated in the first quarter of this year, primarily due to the thriving high-tech manufacturing sector.
- In the initial quarter, industrial production saw a 6.1% increase compared to the previous year, driven by the flourishing high-tech industry. Notably, the manufacturing of 3D printing devices, electric vehicle charging stations, and electronic components surged by approximately 40% year-over-year.
- A recent official report highlighted a rise in China's manufacturing purchasing managers' index during the first quarter, marking the first increase in six months. Moreover, the Caixin/S&P Manufacturing PMI, a privately conducted survey, achieved its highest level in over a year as foreign demand grew.
- China's economy grew by 5.2% in 2023. Despite a significant improvement from the previous year, it still represented one of the country's weakest economic performances in more than thirty years.
Massive river flooding expected in China's Guangdong, threatening millions: Major rivers, waterways and reservoirs in China's Guangdong province are threatening ...
reuters.com/world/china/massive-river-flooding-expected-chinas-guangdong-threatening-millions-2024-04-21/
Quick Glance: Massive Flooding Threatens Millions in China's Guangdong
- Major rivers, waterways, and reservoirs in China's Guangdong province are at risk of dangerous floods, putting over 127 million people in jeopardy.
- Local weather officials highlighted the severity of the situation, with certain river sections experiencing rare spikes in water levels, prompting emergency responses.
- The province has been hit by heavy rainfall and strong winds due to severe convective weather, affecting various parts of China in recent weeks.
- Reports of flooding, evacuations, power outages, and school closures have emerged, signaling the need for emergency preparedness and relief efforts to mitigate the impact of the flooding.
House panel says China subsidizes fentanyl production to fuel crisis in the U.S.: A report released Tuesday by a House select committee says China is directly ...
pbs.org/newshour/politics/house-panel-says-china-subsidizes-fentanyl-production-to-fuel-crisis-in-the-u-s
Quick Glance: China's Subsidization of Fentanyl Production Intensifying Crisis in the U.S.
- A report from a special House committee states that China is fueling the Fentanyl crisis in the U.S. directly by subsidizing the manufacturing of materials used by traffickers outside the country to produce the drug.
- The committee found that the Chinese government provides tax rebates for the production of specific Fentanyl precursors and other synthetic drugs as long as they are sold outside of China.
- The report highlights that China not only subsidizes the manufacturing of precursor chemicals but also thwarts investigations into illegal manufacturers by warning the targets when formal requests for assistance are made by U.S. law enforcement.
- Former Attorney General William Barr recommended that the U.S. should leverage its trade and economic power to push for stronger enforcement from Chinese authorities, and victims should take civil actions against companies and individuals involved in distributing the precursors and synthetic drugs.
21 Chinese aircraft detected by Taiwan's defense ministry : Taiwan's defence ministry detected 21 Chinese military aircraft around the island since ...
wionews.com/world/21-chinese-aircraft-detected-by-taiwans-defense-ministry-713235
The West says China makes too much. Its workers disagree: Migrants are caught in China's manufacturing battles with the West, as Beijing tries to save its ...
bbc.com/news/world-asia-china-68838219
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