The city of NY on Wednesday banned the use of TikTok in government devices for security reasons, thus joining a series of cities and states of USA who have imposed such restrictions on the short video sharing app. TikTok, used by more than 150 million Americans and owned by Chinese tech giant ByteDance, has received […]
Tag: China
“Mining investment is falling because there is no big project,” warns Julio Velarde
He Central Reserve Bank of Peru (BCRP) it expects mining investment to fall by close to 20% this year, in a context where total private investment fell 8% towards the second quarter. Julio Velardehead of the issuing entity, recalls that the lack of large-scale projects affects this indicator, which in 2019 mobilized US$5,909 million and […]
Chinese real estate giant warns of “uncertainties” over its bond payments
The Chinese promoter Country Garden affirmed this Wednesday that there are “important uncertainties” about the payment of his bonuses, which raised fears about the health of the real estateheavily in debt in the country. Country Garden, included in the Forbes list of the 500 largest companies in the world, warned of losses of billions of […]
China says economic recovery will be “torturous”; denounce exaggerated criticism
China He affirmed this Wednesday that the recovery after the pandemic will be “devious”, but assured that the criticisms of the media and Western politicians are exaggerated and that time will show that “You are wrong”. A Chinese government spokesman made the remarks after a series of recently released indicators stoked fears about the recovery […]
Chinese fertility rate falls to record low of 1.09, according to state newspapers
It is estimated that the rate of fertility of China it will have fallen to a record low of 1.09 by 2022, the National Business Daily reported on Tuesday, a figure that is likely to make authorities nervous as they try to boost the country’s declining number of births. The state-backed newspaper noted that the […]
China assures that “there is no risk of deflation now or in the future”
China said today that “no risk of deflation” in the country “neither now nor in the future” after announcing last week that the consumer price index (CPI) entered negative territory, falling 0.3% year-on-year in July. “There is no risk of deflation in China neither now nor in the future”, indicated this Tuesday the spokesman for […]
China denies deflation, but keeps cutting interest rates to boost demand
China assured today that “there are no risks of deflation” in the country “neither now nor in the future” after announcing last week that the consumer price index (CPI) entered negative territory by falling 0.3% year-on-year in July . “There are no risks of deflation in China now or in the future,” said Fu Linghui, […]
China: Barclays lowers GDP growth forecast for 2023 to 4.5%
Barclays, the financial services company, cut its forecast for China’s GDP growth by 2023 to 4.5% from 4.9% due to a faster-than-anticipated deterioration in the housing market, bank analysts said in a note on Tuesday. Data for China’s economic activity in July, including retail sales, industrial production and investment, fell short of expectations, fueling concerns […]
Chinese slowdown drags down global copper price
The global price of copper, Peru’s main export metal, is experiencing strong pressure these days that is keeping it at a five-week low, due to weak growth figures from China, a power that is increasingly decimated by indebtedness from his real estate. The price of the red metal remained at the close of its first […]
Yellen: China slowdown may have a global ‘ripple effect’
The secretary of Treasure, Janet Yellensaid on Monday that the slowdown in growth of Chinathe war of Russia in Ukraine and catastrophes related to the climate change could pose risks to global economic developments, but he was optimistic about the US economy. Yellen did not comment directly on the news that China’s largest private property […]