Observers have learned it’s going to take more than a few months of robust numbers to prove a rebound is truly under way.
By Peter Catterall China’s economy expanded far more than expected in the first quarter of 2024, data showed Tuesday, but disappointing retail and industrial figures suggested leaders face severe headwinds to hit their annual growth target. Beijing has set a goal of around five percent for 2024, which officials have already admitted will “not be […]
Democrats, and the opinion-makers who support them, just can’t seem to figure out why voters are still sour on the Biden economy. Writing for New York Magazine, Jonathan Chait made the case that “Paul Krugman Is Right About the Economy, and the Polls Are Wrong.” “One of the most uncomfortable arguments to make in America […]
Unless the Biden administration takes action, China Shock 2.0 will cause more harm to the U.S. economy than the last one.
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How will Biden conceal the inflation rampaging throughout his term? The latest scheme appears to be draining the Strategic Petroleum Reserve to the last drop. It’s already down to 17 percent, because Biden opened the spigot when his idiotic sanctions on Russian energy back in 2022 boosted prices at the pump into the stratosphere, always a terrifying development for homo politicus. Biden tamed gas prices by emptying most of the SPR. Now he may finish it off, because no, he can’t have gas prices...
China’s economy grew faster than expected in the first quarter of the year with help from policies and stronger demand, though signs of weakness in the troubled housing market persisted. The world’s second-largest economy expanded at a 5.3% annual pace in January-March, beating analysts’ forecasts of about 4.8%, data released Tuesday showed. Compared to the […]
By Laura He, CNN Hong Kong (CNN) — China’s economy grew stronger than expected at the start of this year, mainly thanks to robust growth in high-tech manufacturing. Gross domestic product grew by 5.3% in the first quarter from a year ago, according to the National Bureau of Statistics on Tuesday. That beat the estimate
By Laura He, CNN Hong Kong (CNN) — China’s economy grew stronger than expected at the start of this year, mainly thanks to robust growth in high-tech manufacturing. Gross domestic product grew by 5.3% in the first quarter from a year ago, according to the National Bureau of Statistics on Tuesday. That beat the estimate
By Laura He, CNN Hong Kong (CNN) — China’s economy grew stronger than expected at the start of this year, mainly thanks to robust growth in high-tech manufacturing. Gross domestic product grew by 5.3% in the first quarter from a year ago, according to the National Bureau of Statistics on Tuesday. That beat the estimate
The Biden Administration has announced plans of a new import tax aimed at Chinese steel and materials. On a recent trip to Pittsburgh, the President made the announcement that was
Amid the semiconductor industry’s slowdown and increasing geopolitical tensions, Dutch chip machine-maker ASML reported a decrease both in sales and profits. Europe’s most valuable tech company saw orders fall to €3.6bn in the first quarter of 2024, down from €9.2bn in the previous quarter. Its net profit also dropped to €1.2bn — a 37% decrease compared to Q4 2023. “We see 2024 as a transition,” ASML's President and CEO Peter Wennink said in a statement. Wennink expects a stronger...