China has suspended imports from 35 Taiwanese exporters of biscuits and pastries since Monday, in a warning salvo to the self-governed island ahead of a potential visit to Taiwan by US House of Representatives Speaker Nancy Pelosi.
China’s wobbly economy stumbled further at the start of the second half of the year, with factories unexpectedly switching back to the slow lane, a slump in the property sector deepening and job cuts still a widespread menace.
China’s monetary policy has ample room and sufficient tools, including further cutting banks’ reserve requirements, to cope with new challenges amid a shaky economic recovery, a commentary in the state-owned Securities Times said on Sunday.
China’s refinery throughput for the six months to June marked the first annual decline for the period since at least 2011, data showed on Friday, as strict Covid-19 restrictions and fuel export curbs dampened production.
China’s economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from widespread Covid lockdowns and pointing to persistent pressure over coming months from a darkening global outlook.
From a $360 million project to expand Zambia’s international airport in Lusaka to a $1.4 billion city port in Sri Lanka’s capital of Colombo, China is the missing piece in the puzzle of a number of debts talks under way in developing markets.
China’s manufacturing activity expanded at its fastest in 13 months in June, buoyed by a strong rebound in output, as the lifting of Covid lockdowns sent factories racing to meet recovering demand, a private sector poll showed on Friday.
Confidence among Japan’s largest manufacturers sagged for a second quarter on rising costs and supply constraints, though the service sector was boosted by economic reopening, a key survey showed Friday.
Sri Lanka’s inflation hit a ninth consecutive record in June, official data showed Friday, rising to 54.6 percent a day after the IMF asked the bankrupt nation to rein in galloping prices and corruption.