The growth of China this 2023 will contribute to world growth. However, the agency reiterated that this positive forecast “is subject to considerable uncertainty”, so it is advisable not to tighten macroeconomic policies. He International Monetary Fund (IMF) this Friday, February 3, advised China to continue relaxing its monetary policy. This after the review of […]
Tag: China
The spy balloon, a complement to satellites and an element of tension between China and the United States.
The supposed Chinese spy balloon detected by the United States, which according to Pentagon sources has flown over its territory for several days, is an example of the growing use of a technology that in some cases can replace satellites, both in its civil and military applications. WHAT IS A SPY BALLOON? Based on the […]
Blinken suspends trip to Beijing after detection of Chinese spy balloon over the US
The Secretary of State of the United States, Antony Blinken, suspended this Friday his planned trip to Beijing this weekend, after his country detected a “Chinese spy balloon” flying over US territory. High-ranking State Department officials said in a call with reporters that the balloon’s presence is about “a clear violation” of sovereignty and international […]
China is the world leader in counterfeit and pirated goods, US report reveals.
China is a world leader in counterfeit and pirated goods, the office of US Trade Representative (USTR) Katherine Tai said in a report Tuesday that identified WeChat, the country’s most popular chat app, as “a one of the largest platforms for fake products.” “Counterfeit and pirated goods from China, along with goods transshipped to Hong […]
COVID impact on Chinese economy affects tax revenue growth in 2022
China’s tax revenue rose 0.6% in 2022 from a year earlier, slowing sharply from a 10.7% rise in 2021 due to huge business tax cuts to support a COVID-ravaged economy, data showed on Monday. of the Ministry of Finance. Tax revenue amounted to 20.37 trillion yuan (US$3.02 trillion) last year, while expenditure reached 26.06 trillion […]
Daniel Barco: “We project a rate of 2.6%, but we will probably have to review it”
The World Bank’s senior economist in Peru assures that “political volatility materializes downside risks in the Peruvian economy.” From the World Bank they describe the virtues and complications of our market in the midst of a sociopolitical crisis, in a year where the economy weighed down by external and internal attacks, it would grow less […]
In 2022 investment in renewable energy for the first time was equal to that of fossil fuels
Last year, for the first time, resources allocated to green energy exceeded US$1 trillion. China and the United States led the investments. In 2022, for the first time in history investment in green energy was the same as that addressed to the fossil fuels and amounted to US$ 1.1 trillion, according to the study Trends […]
China wants to boost consumption and imports as global demand cools
The Council of Ministers of China declared on Saturday that it will promote the recovery of consumption as the main engine of the economy and will boost imports, state channel CCTV reported, at a time of cooling global demand in which the main economies teeter on the brink of recession. In a meeting chaired by […]
Stock rally will collide with recession, says JPMorgan’s Kolanovic
“Fundamentals are deteriorating and the market has been going higher. So that has to collide at some point.” the bank’s chief global markets strategist and co-head of global research said in a television interview with CNBC. He expects a recession in the United States and Europe, as interest rates rise and consumers become less resilient. […]
Lula considers it “urgent” for Mercosur to close an agreement with the EU before negotiating with China
brazilian president Luiz Inacio Lula da Silva I consider “urgent and extremely necessary” that he mercosur close an agreement with the European Unionbefore negotiating a treaty with Chinaduring a visit to Uruguaya country that is advancing trade negotiations with Beijing on its own. “It is urgent and extremely necessary for Mercosur to reach an agreement […]