GENEVA—The World Health Organization says coronavirus case counts fell 17 percent worldwide over the last week compared to the previous week, including a 50 percent drop in the United States, while deaths globally declined 7 percent. The weekly epidemiological report from the U.N. health agency, released late Tuesday, shows that the omicron variant is increasingly…
WHO: Global COVID-19 Case Counts Decline 17 Percent in Latest Week
A Comparison of China Stock Martkets With Global Stock Martets Show China’s Economy Declining
Commentary The year 2021 is a turning point for China’s economy, from growth to decline. Though at the time of writing this* China’s official annual economic statistics for 2021 have not been published, the performance of its stock market in the year shows that 2021 is a downward turn of China’s economy. Comparing the Chinese stock…
A Comparison of China Stock Markets With Global Stock Markets Show China’s Economy Declining
Commentary The year 2021 is a turning point for China’s economy, from growth to decline. Though at the time of writing this* China’s official annual economic statistics for 2021 have not been published, the performance of its stock market in the year shows that 2021 is a downward turn of China’s economy. Comparing the Chinese stock…
Japan’s Household Spending Extends Declines, Raises Recovery Doubts
January 8, 2022
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Asia & PacificBusiness & Economydeclineeconomic policieseconomyhouseholdInternationalJapanspendWorld
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TOKYO—Japan’s household spending posted an annual drop for the fourth straight month in November, a weaker-than-expected reading that threw into doubt hopes that a consumer demand recovery will give a major boost to the economy in the final quarter of 2021. Household spending fell 1.3 percent in November from a year earlier, government data showed,…
China Economy 2022 Faces Domestic Concerns and Overseas Uncertainty
Commentary As this year comes to an end, Beijing will be both uncertain and concerned about what is to come in 2022. China’s economy relies on three strong economic driving forces: domestic consumption, foreign trade, and foreign direct investment. But these economic engines are losing or have lost their power due to Beijing’s mishandling of…
China’s Property Distress Sours Steel Sector in Warning Sign for Economy
BEIJING—Debt problems at a major Chinese property developer have now spilled over into a vital artery of the nation’s industrial engine—the steel sector—and started to ripple through to other critical parts of the world’s second-largest economy. The spreading balance-sheet crisis at real estate firms is a warning for policymakers as a swing in the fortunes…
World Shares Retreat, Chilled by Decline on Wall Street
October 28, 2021
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Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesdeclineEconomieseconomyEuropeHK BusinessHong KongInternationalInvestmentLocal NewsMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsSharesUSUS NewsWall StreetWorld
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Shares slipped Thursday in Europe and Asia after a retreat on Wall Street pulled the S&P 500 and the Dow Jones Industrial Average back from their latest record highs. Shares fell in London, Frankfurt, Tokyo, and Shanghai but rose in Paris. A steady flow of corporate report cards continues Thursday with industrial bellwether Caterpillar and…
Japan CPI Halts 12-Month Decline, Still Well Below BOJ Target
TOKYO—Japan’s core consumer prices halted a 12-month run of declines in August, bolstered by higher energy costs and the impact of a tourism campaign, bringing some relief to central bank efforts to push inflation towards its elusive 2 percent target. Nationwide prices were flat compared with a year earlier, due to a tug of war…
What If China’s Economy Collapses?
September 18, 2021
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Belt and Road Initiative (BRI)China’s economydeclineeconomic recessionisolationismOpinionThinking About ChinaViewpoints
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Commentary What will be the global strategic impact of the economic decline or collapse of China in the next few years? Major investors have begun to question the viability of investment in China, after decades of championing investment there. China’s economic decline has been underway for more than a decade. Chinese Communist Party (CCP) leader…
Red Guard Logic in the Madness of Beijing’s Retreat
Commentary The “Red Guard logic” behind the deliberate destruction by the Chinese Communist Party (CCP) of much of mainland China’s market economy may be the only thing which allows the Party to remain in control of the People’s Republic of China (PRC). CCP leader Xi Jinping is going into a “controlled burn” of the private…
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