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
Ontario’s Mississauga Now the 2nd Most Expensive City to Live in North America
Mississauga, Canada’s seventh-largest city, is now the most expensive in the country to live in and the...
China Fights Uphill Battle to Rescue Its Economy While Keeping ‘Zero-COVID’
Since late May, state and Chinese Communist Party propaganda outlets have been noticeably promoting Beijing...
Tesla’s Shanghai Factory Back to 70 Percent of Pre-Lockdown Levels: Report
Electric auto maker Tesla's Shanghai plant, Gigafactory 3, has brought productivity back to 70 percent...
China Points to Regulatory Easing After Tech Meeting, But Analysts Warn it Won’t Be That Simple
On May 17, Chinese officials met with some of the country’s most prominent tech executives amid a year-long...
Here’s Just How Badly ‘Zero-COVID’ Has Damaged China’s Economy
Financial analysis The world’s second largest economy is paying the price for its unrelenting “zero-COVID...
Crashing Crypto Market Has Investors Openly Contemplating Suicide
It’s been a bad week for the cryptocurrency markets, perhaps the worst since Bitcoin became mainstream...
COVID Lockdowns Cut 98% of Tesla’s April China Sales, Production Also Hard-Hit
As China continues implementing citywide lockdowns in Shanghai and Beijing in order to uphold its “zero-COVID...
China’s Belt and Road Initiative Is Losing Money All Around the World
Now in its ninth year, the ambitious Belt and Road Initiative (BRI) may be on the verge of collapse.&...
US Firms Report Huge Dip in China Sales as Beijing Continues ‘Zero-COVID’ Measures
Several major companies, including Starbucks, Apple, Estee Lauder, and other U.S.-listed companies have...