More in China
China’s consumer sector faces deflation
China’s consumer sector has entered a period of deflation, coupled with ongoing declines in factory-gate prices throughout July. The world’s second-largest economy is struggling to rejuvenate demand, intensifying pressure on Beijing to introduce more direct policy stimuli. This trend raises concerns that China might be moving toward slower economic growth, reminiscent of Japan’s ‘lost decades,’ […]
BY Insider Desk
Xinjiang’s Urumqi Land Port emerges as key communications and logistics hub in Asia
Once a deprived region, Xinjiang has undergone a remarkable transformation. It is now emerging as a major communications and logistics hub in Asia, thanks to the establishment of the Urumqi Land Port. Situated at the heart of the Silk Road, Urumqi, the province’s main city, shares borders with eight countries and has become a pivotal […]
BY Insider Desk
China’s economy faces threat as manufacturing declines for fourth consecutive month
China’s manufacturing activity has witnessed a troubling trend, declining for the fourth consecutive month in July. The services and construction sectors are also teetering on the brink of contraction, raising concerns about the country’s growth prospects for the third quarter. Data from the National Bureau of Statistics revealed that the construction sector’s activity in July […]
BY Insider Desk
Little-known traders facilitate half of Russia’s oil exports to China and India
A little-known Hong Kong-based trading company, Guron Trading, recently emerged as the new owner of 100,000 tonnes of Urals crude carried by a Liberian-flagged oil tanker, Leopard I, which set sail from Russia’s Ust-Luga port in May. The rise of such obscure trading firms has been witnessed in the wake of sanctions imposed due to […]
BY Insider Desk
Bangladesh’s export to china hits three-year low amid missed duty benefits
Bangladesh’s export to China reached a three-year low of $677 million in the last fiscal year due to a failure to capitalize on duty benefits provided by Beijing. The Export Promotion Bureau (EPB) data revealed that if the earnings from the pandemic hit 2019-20 were excluded, the receipts for 2022-23 would be the lowest in […]
BY Insider Desk