China Slams EU Tariffs on EVs: Trade Tensions Heat Up 🌍⚡
China criticizes EU’s new tariffs on electric vehicles, calling the anti-subsidy probe ‘unfair.’ Trade tensions escalate. ⚡🌍
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China Launches Asia’s First Cylindrical Offshore Oil Platform 🌊⚡
China unveils Asia’s first cylindrical offshore oil platform, Haikui No. 1, a 37,000-tonne marvel set to transform deep-water energy production. 🌊⚡
Is Capitalism in Crisis? 💼📉 Rockefeller Chair Sounds Alarm
Rockefeller International’s Ruchir Sharma warns of capitalism’s crisis, citing government overreach, inequality, and slowing growth. Is a reset needed? 🌍💬
China’s May Manufacturing Dips, But Services Stay Strong 📉💼
China’s manufacturing PMI dipped to 49.5 in May, while services stayed resilient. Analysts see seasonal adjustments, not a slowdown. 📈📉
IMF Boosts China’s 2024 Growth Forecast Amid Policy Momentum 🌱📈
IMF raises China’s 2024 GDP growth forecast to 5%, citing strong Q1 results and policy reforms. Global markets brace for ripple effects. 🌍📊
China’s Wheat Harvest Booms 🌾: Key Step in Food Security Strategy
China harvests over 60 million mu of wheat, boosting food security efforts amid global challenges. 🌾🇨🇳
China’s New Growth Engine: High-Quality Shifts & Economic Revamp 🚀
China pivots to high-quality growth, driven by ‘new productive forces’ in tech & green energy. IMF’s Georgieva highlights reforms shaping global markets. 🌍💼 #ChinaEconomy
China’s Industrial Profits Rise 4.3%: What It Means for Global Markets 🌍📈
China’s industrial profits grow 4.3% Jan-Apr, signaling economic resilience and opportunities for global investors. April rebound surprises analysts.
Fed Rate Pause Urged to Avoid Currency Crisis 🌍💸
SPI Asset Management warns the Fed’s rate hikes could trigger a currency crisis, with the Japanese yen already under pressure. 🌍💸
Yen Under Pressure: Global Markets React to Japan’s Currency Moves 🌏💹
Japan’s yen faces volatility as the Bank of Japan adjusts bond purchases. Experts weigh in on interventions and global economic impacts. 🌍💸