ECONOMICS
Europe, which has imposed tariffs of up to 45 percent on Chinese electric vehicles, fears Beijing is rapidly shifting parts of its EV manufacturing supply chain to nearby Morocco in an effort to bypass those duties and gain easier access to the European market. EU Trade Commissioner Maroš Šefčovič has
As China’s Population Growth Stalls, So Will the Global Economy
The world’s most populous country and second largest economy is facing a major demographic challenge: its working-age population aged 15 and 64 is shrinking — with the trend expected to continue in the coming years,...
Economists Say Japan May Unwind Easy Monetary Policy in 2023: Reuters Poll
By Kantaro Komiya. TOKYO — The Bank of Japan (BOJ) could unwind its ultra-loose monetary policy between March and October next year, according to almost half the economists in a Reuters poll on Monday (Dec....
Japan Nov Consumer Inflation Likely to Hit Fresh 4-Decade High: Reuters Poll
TOKYO - Japan's nationwide consumer price inflation likely hit a fresh 40-year high in November, as firms increasingly passed on high energy, food, and raw material costs to households, a Reuters poll showed. November's nationwide...
US Import Prices Drop in Hopes of Easing Inflation
WASHINGTON, United States — U.S. import prices fell for a fifth straight month in November, pulled down by declining costs for petroleum products and a strong dollar — supporting the view that inflation could continue...
Global Investors Fly Blind Into China’s Messy Post-COVID Transition
By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI — Global investors, already caught off guard by China's virus-policy U-turn, now find themselves flying blind into a chaotic post-pandemic transition, lacking proper data to track rising...
China Delays Economic Policy Meeting Due to COVID-19 Surge: Reports
By Brenda Goh and Farah Master SHANGHAI/HONG KONG — Chinese leaders have reportedly delayed a key economic policy meeting amid growing signs that COVID-19 infections are surging nearly a week after Beijing jettisoned some of...
European Union Seeks to Secure World’s First Carbon Border Tariff
BRUSSELS, Belgium — The European Union (EU) is hoping to reach a deal late on Monday, Dec. 12 to impose a carbon dioxide tariff on imports of polluting goods such as steel and cement —...
France’s Central Bank Sees Slight Fourth Quarter Growth
PARIS, France —The French economy is on course to finish the year with slightly positive growth in the fourth quarter, the country's central bank revealed on Thursday, Dec. 8 in its monthly outlook. The euro...
Yuan Stabilizes as China Continues to Relax ‘Zero-COVID’ Restrictions
China's yuan firmed at a nearly 7:1 ratio versus the American dollar as the communist regime announced measures that marked a sharp change to its tough, three-year-old zero-COVID policy that has battered its economy and...