As expected, China reported lackluster trade numbers this week, signaling a possible recession in the U.S. and more trouble for the global economy.
Chinese exports fell for the first time in three months, dropping 7.5% year-on-year to $283.5 billion. Imports dropped 4.5% to $217.7 billion.
The World Bank this week said that the global economy…
In 2013 China’s Belt and Road Initiative (BRI) was launched by President Xi Jinping with a goal of increasing economic prosperity by improving China’s global connectivity.
As of March 2022, there were 147 countries (1) participating in the BRI with China. As we approach the 10th anniversary, what is the impact on China trade as…
There’s so much focus on the U.S.-China trade relationship and its frequent fireworks that it’s often forgotten that the European Union, still the world’s preeminent free-trade alliance, with 447 million consumers, is the better customer.
In April, exports to the European Union increased 4.1% year-on-year to $44.7 billion, while exports to the U.S. dropped 6.2%…
The steep drop in Vietnam’s exports and imports during the first quarter of 2023 points to vulnerabilities in the country of around 100 million’s economy, as well as slumping factory orders and business confidence around the world.
Vietnam’s quarterly exports fell 11.8% year-on-year to $79.3 billion in the first three months of 2023. Trade makes…
The global economy is being rewired by shifting geopolitics, changes in high-tech and renewable supply chains, and lower consumer demand in the U.S. and European Union.
One major consequence of these changes: a slip in trade with China, the world’s top exporter, and number two importer, of goods and commodities.
On Tuesday, China reported total…
The global economy is sputtering, chipping away at China’s mighty export machine and prompting Beijing to build a stronger trading relationship with Moscow even as Russia faces trade sanctions with the U.S. and European Union.
Chinese exports in December declined 9.9% year-on-year to $306 billion. “China’s foreign trade and exports showed strong resilience in the…
Vietnam, which has become a global trade powerhouse and one of the global economy’s key world trade indicators, posted weak exports in December, suggesting a challenging economic situation in 2023.
In December, exports fell 15.8% year-on-year to $29 billion. Because Vietnam has become a manufacturing platform for so many companies making high-tech and other consumer…
For the first time in over two years, China’s monthly exports fell year-on-year as the global economy cooled off.
As the world’s top export power, China is bearing the consequences of higher inflation in the U.S. and European Union, rising interest rates, lower economic growth, and the end of stimulus payments. In addition, Beijing has…
The question for Vietnam is no longer whether it’s going to become an export powerhouse. Exports in the first nine months of 2022 rose 17.2% to $282.3 billion, helping the economy expand almost 14% in the third quarter.
Shipments to key markets like the U.S. are rising, key multinational firms are flocking to Vietnam to…
After undergoing one of the toughest Covid-19 lockdowns in the world during 2021, Vietnam’s economy appears to be headed toward a full recovery, according to an analysis of first-half 2022 imports and exports by Trade Data Monitor, the world’s premier source of trade statistics.
Vietnamese imports increased 15.5% year-on-year to $185.3 billion during the first…
The burgeoning economy of Vietnam is maturing its way into a new phase. The Asian nation of 97.3 million has taken its place among the linchpins of high-tech supply chains, taking in raw materials and churning out mobile phones, tablets, and other computer gear for over a billion middle-class consumers all over the world.
In…