ECONOMICS
By Yan Chungou, Commentary Economist Li Daokui argued at an economic forum on July 12 that China's economy has remained "overall sluggish" for three consecutive years. Citing an estimated unemployment rate of 10.2 percent, roughly double the official figure, along with rare negative growth in fixed-asset investment and mounting local
US Job Market, Wage Growth Slows; Unemployment Rate Rises to 4.1 Percent
U.S. job growth slowed marginally in June, but a rise in the unemployment rate to more than 4.1 percent...
Focus of German Foreign Trade Shifting From China to US, Experts Suggest
Experts believe German foreign trade is shifting focus from China to the United States as economic and...
Economic Woes Drive Chinese Investors to Foreign Markets Amid Mass Exodus
In recent months, a wave of Chinese investors seeking to acquire foreign assets has emerged. Driven by...
US Expands Sanctions on Chinese Firms Supplying Russia’s War Effort
The U.S. government announced new and vastly broadened sanctions against the Russian Federation on June...
Healthcare Spending Neared $5 Trillion in 2023, Rising 7.5 Percent, Federal Data Shows
Increased spending in Medicaid and private health insurance has spurred a 7.5-percent rise in the total...
EU Follows US Lead by Slapping Tariffs on Chinese EVs, Sparking Retaliation Threats
On June 12, the European Union (EU) announced that it would impose hefty tariffs on Chinese electric...
Chinese Products Flood Global Markets
The Chinese economy has been floundering over the last few years, especially since the onset of the novel...
High Inflation, Living Costs Continue to Impact Americans Despite Better Economic Figures
As the 2024 U.S. presidential election draws closer, America’s economic performance since 2021 amidst...
Germany to Face a Year of Economic Stagnation, Commerce Group DIHK Survey Predicts
The “DIHK”, German chambers of commerce and industry, said on Thursday (May 23) the country’s long-awaited...