Category : Economy

A recent report by Deutsche Bank suggests that China’s rapid economic growth in recent decades is not unprecedented but rather a return to its historical norm. According to Jim Reid, a research strategist at Deutsche Bank, shifts in global economic power have historically led to tensions among nations. Restoring Historical

While China’s economy grapples with challenges on multiple fronts, some sectors are quietly thriving amidst the turmoil, suggesting a two-speed economic scenario within the country. Overview of Economic Challenges China’s economy faces significant headwinds, including: Low GDP Growth: The country’s GDP growth has hit 30-year lows. Declining Birth Rate: China’s

According to reports from the Financial Times, China’s export volumes have surpassed expectations in the early months of 2024, driven by strengthened trade partnerships with Russia and other emerging markets. Surging Export Volumes Chinese export volumes surged by 7.1% in the first two months of the year, outstripping a Reuters

Capital Economics has issued a stark warning, indicating that regardless of who occupies the White House, China’s burgeoning exporting prowess is paving the way for another potential trade showdown with Washington. Growing Exporting Power Despite apparent stability in Chinese exports, customs data reveal a significant surge in surplus-to-GDP ratios, reaching

China stands out as the sole major economy grappling with deflation, a trend that persisted throughout 2023 and continues into the new year. The country’s economic landscape is shaped by slumping demand, exacerbated by a severe real estate crisis and broader economic challenges. Unique Deflationary Trends In January, China experienced

A recent suggestion by a Hong Kong politician to expand paid time off has ignited a discussion in China about annual leave policies and their implications for workers. Kenneth Fok, a member of China’s National People’s Congress, has advocated for gradually increasing paid time off for young workers, proposing one

China is considering a significant policy shift that could impact its demographic landscape, as a prominent advisor proposes lowering the legal age of marriage to 18. However, this suggestion has sparked intense debate and criticism, highlighting the complexities of China’s population challenges. Background and Proposal Gan Huatian, a leading member

The Biden administration’s recent move to cap credit card late fees at $8 could potentially bring substantial relief to American consumers, with estimates suggesting a significant boost to household expenditures and the overall economy. The Policy Change On March 5, the Consumer Financial Protection Bureau (CFPB) finalized a rule to

As President Joe Biden addressed the nation in his final State of the Union speech of his first term, one of the key messages he conveyed was his ongoing commitment to providing relief to federal student loan borrowers. Despite previous setbacks, Biden remains steadfast in his pursuit of broader student

President Joe Biden is positioning his healthcare record and promises as key factors in his bid for reelection, recognizing the significant importance voters place on healthcare issues. Voter Priorities and Biden’s Address A recent poll by KFF revealed that 80% of voters across party lines expect presidential candidates to discuss