In recent years, the rising trade frictions between the U.S. and China have established significant hurdles for Chinese corporations seeking to expand their operations in the United States. As a result of these growing tensions and increasing restrictions imposed by American lawmakers, a number of Chinese businesses are exploring unique strategies to overcome these challenges,…
The Bank of Korea (BOK) chose to keep its benchmark interest rates stable at 3.5% for the third straight meeting on Thursday, disregarding market predictions and emphasizing its concern over enduring inflation, thereby hinting at a possible future increase. The decision to hold the seven-day repurchase rate steady was unanimously foreseen by 17 economists surveyed…
In the current geopolitical landscape, China represents the most formidable threat to international security and prosperity, according to British Prime Minister Rishi Sunak. His statement came as a conclusion to the recent Group of Seven (G7) meeting in Hiroshima, Japan. Nonetheless, Sunak stressed that it’s not beneficial for the world’s leading economies to entirely sever…
In a week marked by political tension in Washington and wavering economic activity in China, investors found solace in signs of progress surrounding US debt-ceiling talks, prompting modest gains in global stock markets. Europe led the charge, with significant gains in mining and financial services stocks pushing most sectors in the regional benchmark into positive…
North Asia’s export powerhouses continued to stutter in April amid sluggish global trade and a patchy economic recovery in China, according to new data that amplified concerns about the risk of a global recession. Factories in South Korea and Taiwan saw activity contract last month, according to surveys published Tuesday by S&P Global. Manufacturing purchasing…
Tesla hiked the price of several cars in key markets, including the U.S. and China, after a number of cuts this year. Elon Musk’s electric vehicle company increased the price of vehicles including its Model 3 and Model Y in the U.S., China, Canada, and Japan. In China, Tesla’s Model 3 now costs 231,900 Chinese…