China crushes mass protest by bank depositors demanding their life savings back

posted in: Far East, News

Hong Kong (CNN) – Chinese authorities on Sunday violently dispersed a peaceful protest by hundreds of depositors, who sought in vain to demand their life savings back from banks that have run into a deepening cash crisis. Since April, four … Read More

The Global Food Trade Has Been Upended by a Container Crisis

 Some food prices could go up if costs are passed to consumer  Three in four containers leaving Los Angeles to Asia are empty Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and subscribe to our … Read More

China Faces New Economic Woes During the Pandemic Era

posted in: Far East, News

Image: Reuters Encouraging as this economic pickup is for the period immediately ahead, Beijing’s demographics casts a long and ominous shadow. Some people say that China’s leadership is all but magical. It has beaten the coronavirus pandemic before the United States or … Read More

China plans to overtake US as the world’s No 1 economy

Source: Pixabay Beijing’s 2035 vision for “basic socialist modernization” includes few specific targets and did not specifically mention the United States. China’s total economic size and per capita income “will climb to a new big level” by 2035, with significant … Read More

Op-Ed: Iran and China close to large military and trade partnership deal

posted in: News, World News

Iranian officials are reporting that Iran and China are close to signing a major deal that would expand security ties and economic ties including the banking sector. The exact terms have not yet been announced. Deal would advance both Chinese … Read More

Coronavirus: How Are Countries Responding to the Economic Crisis?

The coronavirus pandemic is slowing global commerce to a crawl, but many of the world’s largest economies are taking extraordinary actions to propel them through the crisis. A pedestrian wearing a protective face mask amid the the coronavirus (COVID-19) outbreak … Read More

China’s return to work is good news for the economy – but it also risks unleashing a second wave of Covid-19 infections

posted in: Far East, News

Both the government and businesses are eager to restart and revive the economy. But as millions pile back into factories, cafeterias and dormitories, the risk is that a new wave of Covid-19 could pose even bigger risks to the system. … Read More

China warned of ‘substantial’ trade war tariff increases by US President Donald Trump if deal is not reached

In a speech in New York, the US president reiterates that scheduled 15 percent tariffs will be imposed on December 15 if a deal is not reached Interim agreement expected to include a US pledge to scrap tariffs scheduled for … Read More

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