China

OECD cuts global growth forecast on war in Ukraine and China’s zero Covid policy

The OECD estimates that global gross domestic product [or GDP] will reach 3% in 2022 – a deterioration of 1.5 percentage points compared to a projection made in December. Nurphoto | Nurphoto | Getty Images The Organization for Economic Co-operation and Development has become the latest international body to lower its forecast for global growth …

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These charts show the state of the global supply chain as China eases Covid lockdowns

Zoom in iconArrows pointing out The CNBC supply chain heatmap for China, which is gradually easing Covid lockdownsshows several hotspots slowing trade flows in recent days. China’s “zero Covid” measures on trucking and intercity transportation limitations continue to slow down manufacturing and logistics. The decline in completed manufactured goods is reflected in the decline in …

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Self-driving automakers’ first step to making money isn’t robotaxis

A WeRide robotaxi with medical supplies heads towards Liwan District on June 4, 2021, in southern China’s Guangzhou city. Daily of the Southern Metropolis | Visual Group China | Getty Images BEIJING — While governments may be wary of driverless cars, people want to buy the technology and companies want to cash in. It’s a …

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China faces a financing gap of nearly $1 trillion. He will need more debt to fill it.

In the first four months of the year, investments in real estate development fell by 2.7% compared to a year ago. Pictured is a project in Qingzhou, Shandong province on May 15, 2022. CFOTO | Edition of the future | Getty Images BEIJING — The Chinese government is facing a growing cash crunch, analysts say, …

China faces a financing gap of nearly $1 trillion. He will need more debt to fill it. Read More »

China faces a financing gap of nearly $1 trillion. He will need more debt to fill it.

In the first four months of the year, investments in real estate development fell by 2.7% compared to a year ago. Pictured is a project in Qingzhou, Shandong province on May 15, 2022. CFOTO | Edition of the future | Getty Images BEIJING — The Chinese government is facing a growing cash crunch, analysts say, …

China faces a financing gap of nearly $1 trillion. He will need more debt to fill it. Read More »

Top Gun: Maverick escaped Chinese censors and restored the Taiwanese flag to the back of Tom Cruise's jacket (pictured)

Top Gun Reinstates Taiwanese Flag On Maverick’s Jacket After Removing It For Trailer, Angering China

Top Gun warns China by reinstating Taiwanese flag on Maverick’s jacket after its removal for trailer caused uproar In the 1986 original, Tom Cruise wore a jacket with flags of Taiwan and Japan 2019 sequel trailer saw them removed, sparking fury from fans The flags have now been restored after the removal of the Chinese …

Top Gun Reinstates Taiwanese Flag On Maverick’s Jacket After Removing It For Trailer, Angering China Read More »

Stocks and oil slide as dire data from China fuels recession fears

Traders are seen in front of a screen with trading numbers in red at the Stock Exchange of Thailand in Bangkok, Thailand March 13, 2020. REUTERS/Juarawee Kittisilpa/Files Join now for FREE unlimited access to Reuters.com Register Asian scholarships: Retail sales in China fall 11.1%, production falls 2.9% Nikkei Cuts Gains, S&P 500 Futures Fall Dollar …

Stocks and oil slide as dire data from China fuels recession fears Read More »