Macro

Bessent Urges Japan to Hike Rates and Strengthen Yen

US Treasury Secretary Scott Bessent called on Japan to raise interest rates and steady its finances, pointing to a possible Bank of Japan hike in September

Anthropic Signs $35 Billion Cloud Deal With Nvidia-Backed Lambda

Anthropic has agreed to a $35 billion cloud computing deal with Nvidia-backed Lambda, adding to a rapid series of AI compute commitments.

Global Bond Selloff Pushes Yields to Highest Levels Since 2008

A worldwide bond selloff has pushed government yields to their highest since 2008, raising mortgage, loan and financing costs for households and businesses

John Ternus Takes Over as Apple CEO, Ending Cook’s 15-Year Run

John Ternus became Apple's CEO on Tuesday, ending Tim Cook's 15-year run as the company faces AI pressure and rising memory prices.

Global Bond Yields Hit Multi-Decade Highs as Iran Conflict Revives Inflation Fears

Bond yields surged across major markets on September 1 as US-Iran hostilities revived energy and inflation fears, driving Japan and UK rates to decades-hig

Ganqmod Port sets new record in 2023 with over 10 million tons of trade with Mongolia

Ganqmod Port, the largest highway port between China and Mongolia, has reported that the trade volume between the two countries has exceeded 10 million...

China’s high-tech zones achieve double-digit growth in Q1 economic indicators

China's high-tech zones experienced significant growth during the first quarter of this year, with several key economic indicators showing double-digit increases. According to Shanghai...

International Declaration by Young Entrepreneurs to promote digital cooperation for emerging economies

A new declaration has been made by leading global young entrepreneurs, calling for stronger actions to boost cooperation in the digital economy to support...

China’s RCEP membership boosts trade value, CPTPP accession to further enhance integration

China's potential accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) could bring tangible economic benefits to participating countries, according to experts...

Mild uptick in CPI and robust GDP growth indicate no deflation in China

Despite the slower pace of price growth in China since the beginning of the year, concerns over deflation in the country are unwarranted, as...

China’s Manufacturing Sector Utilization Rate Stands at 74.5% in Q1

China's industrial capacity utilization rate has fallen to 74.3% in the first quarter of 2023, marking a 1.5% decline compared to the same period...

IMF Experts: China’s Growth to Lift World Economy Amid Global Challenges

The International Monetary Fund (IMF) Resident Representative Office in China and the School of Finance of Nankai University recently held a forum in Tianjin...

Policy Bank in China Increases Support for Water Conservation Projects

China Development Bank (CDB), one of the country's policy banks, has announced its increased financial support for water conservancy projects across China. In the...

Rongchang District Leads the Way in Boosting China’s Private Economy

As China's private companies play an increasingly important role in the country's economy, local governments have been searching for ways to encourage these companies...

Anhui’s Exports Soar 15.5% YoY to $17.2 Billion in Q1 2023

According to a press briefing on Thursday, Anhui province in East China recorded a foreign trade of 177.26 billion yuan ($25.7 billion) in the...

Chinese Government Criticizes US-China Economic and Security Review Commission Report on E-commerce Platforms

China has expressed deep concerns over the recent allegations made against its e-commerce platforms in a research report by the US-China Economic and Security...

Hainan’s Offshore Duty-Free Sales Soar to $26.8 Billion in 12 Years

Haikou Customs reported on Thursday that Hainan, the island province in South China, has generated a whopping 185 billion yuan ($26.8 billion) in total...

Guangzhou Authorities to Boost Private Businesses with New Legislative Changes

Authorities in Guangzhou, the capital of Guangdong province in southern China, are planning new legislative changes to support and boost private businesses. The aim...

China must develop its manufacturing sector towards higher-end, intelligent and better value-added products, experts say.

According to experts, China is expected to expand its high-level opening-up and strengthen international economic and trade cooperation to promote the high-quality development of...

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