The Chinese government's report for the first quarter of 2024 was a mixed bag of cause for optimism and systemic issues that continue to drag on economic growth.Newsweek charts based on the latest data from China's National Statistics Bureau illustrate three key bellwethers of the world's second-largest economy.GDPAccording to the new data, China's gross domestic product (GDP) expanded by 5.3 percent year over year, slightly higher than Q4 2023 and beating many economists' expectations.Though...
American companies that do business in China know there are strings attached. They know they will be required to have Chinese Communist Party-affiliated executives as members of their management.
A 55-year-old man was arrested on suspicion of multiple offences following the altercation on Coronation Avenue in Willenhall
Argentina's libertarian President Javier Milei has tried to dismiss the worsening budget crisis at public universities as politics as usual, a contest with his leftist political rivals who hold sway over liberal campuses. It does not feel that way to many of the students at the elite University of Buenos Aires, where halls went dark, elevators froze and air conditioning stopped working in some buildings last week. Professors taught 200-person lectures without microphones or projectors because...
Unless the Biden administration takes action, China Shock 2.0 will cause more harm to the U.S. economy than the last one.
BEIJING — Major rivers, waterways and reservoirs in China’s Guangdong province are threatening to unleash dangerous floods, forcing the government on Sunday to enact emergency response plans to protect more than 127 million people. Calling the situation “grim,” local weather officials said sections of rivers and tributaries at the Xijiang and Beijiang river basins are hitting water levels in a rare spike that only has a one-in-50 chance of happening in any given year, state broadcaster CCTV news...
Louisiana’s lawmakers are working tirelessly to write our comeback story and revive our economy. Meanwhile, the Biden administration’s January decision to hit pause on liquefied natural gas (LNG) export projects has been a major setback for our state’s economy and job market. The administration claims the pause would allow the government to take a step back and have a “hard look” at the impact of LNG on our economy and environment. But Louisiana families know the impact of a...
Observers have learned it’s going to take more than a few months of robust numbers to prove a rebound is truly under way.
Argentina has requested to join NATO as a global partner, a status that would clear the way for greater political and security cooperation at a time when the right-wing government of President Javier Milei aims to boost ties with Western powers and attract investment
"House Destocking": China Politburo Hints New PLan To Fix BIggest Drag On The Economy China's Politburo meeting on economic policy took place today, and as SocGen's Wei Yao reports, the most important takeaway from the meeting is that policymakers are shifting their attention to housing destocking, as they pledged to 'study measures'. As usual about 3 years behind the curve, Beijing policymakers - who burst China's housing bubble sparking unprecedented wealth destruction across the...
There are flashpoints to watch as Argentina navigates its future between the polar attractions of Washington and Beijing, including future defense deals and a deep space facility.