While Chinese communist regime’s Premier Li Qiang held a meeting with mainland Chinese economists on July 6 to collect suggestions on how to save the mainland Chinese economy, analysts say the root cause of China’s economic downturn lies in its political system, which is dictated by the ruling communist party (CCP) which is currently led…

Foreign investments have continued to flee China as the country’s economy remains sluggish. Experts pointed out three major factors causing it. Since last December when Beijing abandoned the restrictive “Zero-COVID” policy, foreign investors were optimistic about the Chinese market. Foreign investment poured back into China in the first few months of this year, but this…

Business activity in the United States contracted for the seventh consecutive month in January, with both manufacturing and service sectors remaining in the red for the month, suggesting a downturn in economic activity. The S&P Flash U.S. PMI Composite Output Index for January came in at 46.6, up from 45 at the end of 2022,…

Tech companies laid off a large number of employees in 2022, with firms seemingly set to terminate even more employees this year as they plan for an impending economic downturn. Last year, employers announced plans to cut 363,824 jobs, up 13 percent from 321,970 job cuts announced in 2021, according to a Jan. 5th report from…

The last time the United States (and, by extension, the world) faced a major recession back in 2007. By the time economists called an end to the Great Recession, in June 2009, U.S. real Gross Domestic Product (GDP) had tumbled by 4.3-percent since its peak in Q4-2007. Unemployment was at 5-percent in Q4-2007, and rose…

A recent survey shows just a handful of Canadians still find COVID-19 the top national issue of concern, while inflation rose to be the primary worry. The Nanos survey, published June 3, finds that just 1.6 percent, or about 17 people out of the 1,070 respondents, believe that COVID-19 is the most important concern for the…

Almost four in five Canadians say the country is already in recession or drawing close to one, while more than half say they have cut down on spending over the past month, a new survey finds. The Maru Public Opinion poll shows 55 percent of Canadians believe the country is now in a recession, while 23…

Commentary China’s “economic miracle” looks poised to be in the rearview mirror, as Party leaders appear to be preparing the country for a period of slowing growth going forward. In October Beijing announced sharply lower third-quarter official GDP growth figures, with a 4.9 percent mark that missed economist consensus by 30 basis points. In late…