“Fertilizer shortages are real now.” Uttered by USAID’s Samantha Power in a May 1 ABC interview with former Democratic advisor George Stephanopoulos, the words briefly drowned out the din of the news cycle. They were not unexpected to some. Power, who served as U.N. ambassador under Obama, mentioned fertilizer shortages after weeks of hints from…
US and World Gripped by Fertilizer Crisis
May 7, 2022
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AfricaAmericasAsia & PacificBusiness & EconomyChinaChina Business & EconomyClimate Policiescommoditieseconomic policiesEconomyEnvironmentEuropefertilizerGlobal ExpansionInfiltrating the WestInternationalIrelandMarketsPolicies & ImpactsRussia-Ukraine WarSamantha PowerScienceSpecial TopicsThreat from Communist ChinaUKUSUS FeaturesUS NewsUS-China relationsWorldWorld Economic Forum
China Locks Down City of 10 Million Amid New COVID Outbreak, Apple Supplier Takes a Hit
May 6, 2022
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Another Chinese megacity is under lockdown due to a recent COVID-19 outbreak. Zhengzhou city, the provincial capital of China’s central Henan Province, is carrying out strict measures to contain the spread of the disease. But the lockdown could impact major manufacturers such as Apple supplier Foxconn, disrupting Apple’s supply chain. Following Shanghai, Hangzhou, and Guangzhou, local…
China Corn Futures at Record High Due to Adverse Factors
China’s grain prices have risen sharply in a short time due to adverse international and domestic factors. The corn futures reached a record high for two consecutive trading days at the end of April. Then on May 2, prices swelled to $487 a ton enabling a 13 percent price increase in China’s corn futures from…
Drone Giant DJI’s Russia Halt Pressures Other China Big-Techs
Russia has quickly become a wasteland for western tech brands, with names like Apple, HP and Dell all suspending local operations after the country’s invasion of Ukraine and a crush of western sanctions that followed. While such a vacuum might look tempting for Chinese companies, the reality is far less clear due to the potential for losing access to more…
China Courts India, Sort Of
News Analysis After years of belligerence, China has begun to court India. Trade between the two countries has surged—clearly, an important trend for Beijing, which has already started to feel insecurities about its trade relations with Japan and the West. Though trade between China and India seems set to continue along its recent steep trajectory,…
Kigali Amendment Phasing Down HFCs Nears Senate Ratification
May 4, 2022
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The Senate Foreign Relations Committee voted on May 4 to advance the Kigali Amendment to the Montreal Protocol, moving the United States closer to formalizing the phasedown of hydrofluorocarbons (HFCs) already included in 2020’s American Innovation and Manufacturing Act (AIM). The AIM Act was passed as part of the Consolidated Appropriations Act of 2021 and…
China Sees the Greatest Capital Outflows on Record, Says IIF
Capital outflows from China in the first quarter were the largest on record, a new report (pdf) from the Institute of International Finance (IIF) found. According to data compiled by the IIF, foreign investors sold Chinese equities and bonds, with local currency bonds representing a majority of the outflows. The world’s second-largest economy witnessed inflows,…
China COVID Hard Line Eats Into Everything From Teslas to Tacos
SHANGHAI—When Tesla’s Shanghai plant and other auto factories were shut over the last two months by emergency measures to control China’s biggest COVID-19 outbreak, the burning question was how quickly they could restart to meet surging demand. But with the Shanghai lockdown grinding into its fourth week, and similar measures imposed in dozens of smaller…
Hong Kong Economy Shrinks 4 Percent Under Anti-Virus Controls
HONG KONG—Hong Kong’s economy shrank by 4 percent compared with a year earlier in the quarter ending in March after the city shut restaurants and other businesses amid a spike in coronavirus infections. Growth plunged from the previous quarter’s 4 percent expansion, government data showed Tuesday. Exports of goods fell 4.5 percent from a year…
Ukraine War, China Lockdowns Expected to Worsen Supply Chain Problems
May 4, 2022
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The Royal Bank of Canada (RBC) published a report on Monday that claims global supply chain issues are likely to worsen in upcoming months, as complications from China and Eastern Europe result in massive port congestion in key areas. The report found that a fifth of the global container ship fleet had been stuck in…
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