BEIJING, Oct 20 (Reuters) – China’s economic growth slowed to the weakest pace in a year in the third quarter as fragile domestic demand left it heavily reliant on the humming of its exporting factories, stoking concerns about deepening structural imbalances. While the 4.8% growth rate met expectations and kept China on track to reach…
China has suspended rare earth exports in retaliation to President Trump’s recent tariff hikes, The New York Times reported. The Chinese government is drafting a new regulatory system for exports, and while the policies are being framed, the shipments of the magnets, essential for the manufacturing of almost everything ranging from cars to missiles, have…
WASHINGTON (AP) — The Biden administration is proposing a new framework for the exporting of the advanced computer chips used to develop artificial intelligence, an attempt to balance national security concerns about the technology with the economic interests of producers and other countries. But the framework proposed Monday also raised concerns of chip industry executives…
HONG KONG (AP) — China’s exports rose 12.7% in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. The report came a day after former President Donald Trump won Tuesday’s election, gaining a second term as president. Trump has pledged to increase tariffs on…
After the news that Europe’s largest car producer VW may close two plants, experts are sounding the alarm that the downsizing of manufacturing isn’t just limited to the car industry. The German Institute for Economic Research (DIW) says companies need to evolve. As EU car companies struggle with the phasing out of combustion engines and…
U.S. trade gap in goods rises 5.7% in September to $92.2 billion The numbers: The trade deficit in goods widened 5.7% in September to $92.2 billion as a strong dollar crimped exports. Yet a sharp decline in the trade gap since the spring is likely to help the U.S. economy post the first increase in quarterly…