Bringing wine, chocolate or coffee to China may be even more difficult starting Saturday, with new import rules hampering international companies from placing food and beverages on the world’s largest market. Chinese consumers consumed $ 108 billion of imported products in 2020, a number expected to rise in 2021 given the 30% year-on-year increase in […]
Tag: China
China sees “unprecedented” difficulty in stabilizing trade in 2022
Updated on 12/31/2021 04:41 am China faces a difficulty “unprecedenteds “to stabilize trade next year, as the favorable conditions that boosted export growth this year will not be sustainable, according to a trade ministry official. The rise in exports could slow as rival countries regain their production capacities and the inflation that boosted export values […]
The 3 pillars of Chinese expansion in Latin America in two years of pandemic
With the sale of millions of doses of vaccines, Beijing is giving a boost to its pharmaceutical industry and at the same time, analysts say, deepening its influence in Latin America and the Caribbean. It is what has been labeled as “covid diplomacy”, the sale and donation of masks, respirators, protective equipment and vaccines to […]
Xian Strives to Reduce COVID-19 Cases in Worst Outbreak in China This Year
The Xian Industrial and Technology Center in China reported more than 100 new COVID-19 cases on Thursday, bringing its count of locally transmitted infections to the highest of any Chinese city this year. Xian reported 155 new local cases by December 29, official data showed. That brings its number of local infections to more than […]
Near zero interbank lending due to pressure from China
The cost of some types of short-term interbank lending fell to almost zero last week as China’s monetary policymakers are pushing banks to lend more to give a boost to slowing economic growth. But corporate demand for loans remains weak. The annualized interest rate that Chinese banks paid to borrow from other banks that use […]
Chinese tech moguls lose $ 80 billion in 2021
It has been a record year for China’s internet moguls, but not in the way that most would have expected. The 10 richest tech moguls in the country lost $ 80 billion in combined net worth in 2021, according to the Bloomberg Billionaires Index, amid crackdown by Chinese regulators. The drop represents nearly a quarter […]
China admits difficulties in supplying food to the confined city of Xian
Updated on 12/29/2021 10:45 am The Chinese authorities admitted that they are having trouble guaranteeing food supplies to residents of Xian, a city that has been confined for a week. Those responsible admitted that “the low number of workers and the logistics and distribution difficulties”Is causing difficulties in delivering basic supplies to the population. The […]
Hong Kong pro-democracy daily shuts down after police raid and arrests
The Hong Kong pro-democracy daily Stand News announced its closure on Wednesday following the arrest of seven current and former employees and a police raid on its newsroom that illustrates the waning freedom of the press in this international business center. “Due to the current situation, Stand News will stop operating immediately and will stop […]
The main risks for the global economy in 2022
By 2022, economies – both the great powers and the emerging ones – are expected to turn towards a true growth path after the statistical rebound left by the second year of the pandemic. According to Bloomberg Economics, the baseline scenario is a solid recovery with cooling prices and distancing from emergency monetary policy scenarios; […]
China promises measures to stabilize the economy in 2022
China is expected to add stimulus to stabilize growth next year, and several ministries vowed to take more proactive measures to reverse the slowdown caused by the worsening property downturn, consumer weakness and the coronavirus. As downward pressure on the economy mounts, ensuring stability has become the top priority of the top leaders for the […]