China

China's highly effective global hegemony is intensifying the death economy

China’s highly effective global hegemony is intensifying the death economy

After publishing the first two editions of Confessions of an Economic Hitman Trilogy, I’ve been invited to speak at global summits. I met heads of state and their senior advisors from many countries. Two particularly interesting venues were conferences in the summer of 2017 in Russia and Kazakhstan, where I joined a group of speakers …

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Markets Rise on Epic Foreign Influx as Internet Stocks Climb Wall of Worry, Week in Review

Markets Rise on Epic Foreign Influx as Internet Stocks Climb Wall of Worry, Week in Review

China last night Crane a week in review China CPI for December was released at +1.8% vs +1.6% in November, meeting expectations of 1.8%. On Wednesday, the World Bank halved its global GDP growth forecast for 2023, though it expects China’s GDP growth to be ahead of the pack. The China Passenger Vehicle Association released …

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Asia-Pacific markets are falling as recession fears mount, and China vows to stabilize the economy

Asia-Pacific markets are falling as recession fears mount, and China vows to stabilize the economy

Oil futures rose on hopes of a recovery in demand in China Oil futures rose in Asian morning trade as optimism about China’s reopening leading to a recovery in demand outweighed recession fears. Brent crude futures rose 1.16% to $79.96 a barrel, while US Brent crude futures rose 1.18% to trade at $75.17 a barrel. …

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Argentina, trapped in an economic depression, gets something to cheer about in their World Cup victory

Argentina, trapped in an economic depression, gets something to cheer about in their World Cup victory

BUENOS AIRES – The World Cup Final is incredibly tense, if not the best ever. An exceptional victory for Argentina crowns the career of star Lionel Messi. New hope for a country in deep crisis. Argentina beat France on penalties after the match ended in a 3-3 draw, prompting hundreds of thousands of citizens to …

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Hong Kong stocks led losses as coronavirus cases surged in China;  Asian markets are mixed

Hong Kong stocks led losses as coronavirus cases surged in China; Asian markets are mixed

Tuesday, November 22, 20222:01 a.m. EST JD.com shares plunge after the company cut senior management salaries Hong Kong shares listed JD.com It was trading down more than 5% in the afternoon after the company confirmed a pay cut for its senior management team. The Chinese e-commerce giant has confirmed that it will cut cash salaries …

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