In the race to be China's factory of the world, countries such as Mexico, India and Vietnam face a formidable rival: China's vast interior. Low-cost manufacturing is moving away from China's bustling coastal areas as companies look for cheaper land and labor in central and western provinces. The pace of manufacturing migration has accelerated in recent years as U.S. tariffs have pushed up factory costs and China's big coastal cities have focused on high-tech elec ... 阅读全文

The EU's Global Gateway initiative has been in place for more than two years. Europe held its first Global Gateway Forum at the end of October, with leaders, government representatives, and ministers from over 20 southern countries attending the meeting. China, India, and other countries are implementing their respective strategic development plans to compete globally. The changes in the Middle East situation and the uncertainty of the international situation mak ... 阅读全文

Many investors believe India's booming economy will continue to drive stocks higher. India's stock market has boomed on the back of billions of dollars of international money inflows and a rapidly growing pool of small investors. The MSCI India index is up more than 7 percent this year, driven by gains in the shares of banks and automakers. By contrast, the MSCI China index is down nearly 11 per cent and a broader emerging markets index is down 2 per cent. Fore ... 阅读全文

Against the backdrop of a significant increase in global interest rates and the drag on the world economy from wars in Ukraine and the Middle East, China's exports have declined for the sixth consecutive month, increasing the pressure on the Chinese government to increase domestic spending. These data further indicate that China's economic growth is still facing difficulties after its recent rebound. Although Chinese officials have expanded stimulus measures in r ... 阅读全文

The price ceiling set by the West to curb Russia's war spending on Russian oil is gradually losing its effectiveness. The latest evidence is that data released last Friday showed that the oil and gas tax revenue in the Russian budget for October more than doubled compared to September, and increased by more than a quarter compared to the same period last year. This is completely different from the sudden drop in energy income at the beginning of the year. The pri ... 阅读全文

Vietnam's economy lacks momentum. On September 29, Vietnam announced that its real gross domestic product (GDP) growth rate for July-September 2023 was 5.33% year-on-year. Although Vietnam's economy is slowly recovering from the COVID-19 pandemic, its main manufacturing sector is not performing well and exports continue to grow negatively. To achieve the full-year growth target of 6.5% to 7.0%, the current situation is grim. Foreign companies such as Japan and So ... 阅读全文

The European benchmark Dutch TTF natural gas futures price rose nearly 17% on October 9th, marking the largest increase in two months. The cause was the sudden outbreak of a new wave of intense conflict between Palestine and Israel. The Israeli Ministry of Energy instructed Chevron to temporarily close its offshore natural gas platform Tamar near Gaza, which exports some of Tamar's natural gas to Europe. The market is concerned that the situation between Palestin ... 阅读全文

Hong Kong's stock market, with about $4 trillion in listed companies, is suffering from liquidity problems. Share turnover in the financial centre has fallen sharply over the past three years, reflecting waning investor appetite for trading shares on the Hong Kong stock exchange. Lower trading activity has also contributed to higher volatility, which has become a sticking point for some Hong Kong-listed companies whose shares barely traded on some days. The proble ... 阅读全文

Apple's (AAPL) financial report for the September quarter is scheduled to be released on Thursday afternoon, giving outsiders a glimpse of the performance of the iPhone 15, as the quarter's results include sales of the consumer electronics giant's new product lineup for just over a week. The comments made by the management during the financial report conference call will reveal more information. Prior to the release of Apple's fourth quarter financial report, Mor ... 阅读全文

On its way to the top of the online search market, Google is playing hardball with Apple (AAPL) and Samsung Electronics (005930.SE). The two partners are key to making Google's search engine the default choice on most smartphones around the world. A landmark antitrust trial that began this month in Washington, D.C., has provided the public with details of Google's tactics. The case offers a rare public glimpse into how Google has solidified its position as the mai ... 阅读全文

The recent decline in inflation in the United States has come to a halt in September, indicating that a complete victory in the war against inflation still requires some twists and turns. The good news is that compared to the 40 year high set last year, price increases have significantly slowed down, especially the core inflation indicator that measures the basic inflation situation, which does not include volatile food and energy prices. But the bad news is that ... 阅读全文

TikTok has spent the past three years trying to convince U.S. lawmakers that it can operate in the United States independently of its Chinese parent company, ByteDance. But after a series of recent personnel changes, some employees aren't so sure. Since the beginning of the year, a number of senior executives have moved from ByteDance to TikTok, taking some of the top positions in the revenue-generating business of the popular video-sharing app. Some of the execut ... 阅读全文

A new wave of "everyday feminism" is spreading through China's cities, sidestepping the crackdown that killed an earlier wave of feminist activism and complicating the Communist Party's efforts to reshape traditional family values. The phenomenon has emerged in unexpected ways, including the sudden popularity of a Japanese sociologist named Chizuko Ueno. Though virtually unknown in China a few years ago, Ms. Ueno's books, dissecting the disadvantages faced by wome ... 阅读全文

Many large global investment banks are still committed to developing in Hong Kong, with a total of thousands of employees in Hong Kong. The Chinese market has become a Waterloo for Wall Street investment banks, forcing them to reassess the prospects of Hong Kong's investment banking business. Over the past decade, European and American investment banks have prospered in Hong Kong, helping hundreds of Chinese companies raise funds by selling stocks and bonds in th ... 阅读全文

According to forecasters' estimates, as Americans increase spending and shrug off concerns about an economic slowdown, the US economic growth rate significantly accelerated in the third quarter. --Economists surveyed by The Wall Street Journal estimate that after adjusting for seasonal and inflation factors, the gross domestic product (GDP) grew at an annualized rate of 4.7% in the third quarter; This will be more than twice the 2.1% increase in the second quarte ... 阅读全文

The collapse of cryptocurrency exchange FTX wiped out the cryptocurrency assets of millions of customers, and its billionaire founder Sam Bankman-Fried, who is now facing criminal fraud charges in New York, has seen his standing plumped. However, the fall of Bankman-Fried and the Bahamas-based exchange has not fundamentally changed the way cryptocurrencies operate or are regulated. The sector remains the Wild West of finance. At its peak, FTX held more than $10bn ... 阅读全文

Earlier this year, Isaiah Samad had been searching for a replacement for Twitter, and he felt that the hot reviews and incitement to hatred on Twitter had become ubiquitous, making him tired. When Threads, a subsidiary of MetaPlatforms, was launched in July, he registered for the app and later found that the atmosphere on the app was more comfortable and positive. Eventually, he closed his account on X (formerly Twitter). Samad is one of the approximately 10 mill ... 阅读全文

The 2024 presidential election is the first since the United States woke up to a double shock from China. China has shrugged off the hand of "engagement" extended by the United States and become our number one strategic competitor; Moreover, the United States faces a real risk of losing a war over Taiwan to China by 2027 or sooner. Dealing with these twin shocks from China is the top national security challenge facing the next president. Yet the candidates have sa ... 阅读全文

After the booming domestic market, Chinese electric vehicle battery companies are also becoming major exporters. It has been proven that the efforts made by Western countries to protect their own markets may have been too few and too late. Chinese companies are also focusing on expanding new factories on a large scale in free trade partner countries in Europe and the United States, in order to avoid current and future import restrictions, as Japanese automakers d ... 阅读全文

Many central banks and governments around the world want to wean themselves off the dollar. But on the road to "de-dollarization," except for some countries that have been forced to do so, others have not gone far. According to International Monetary Fund data released a few days ago, the dollar's share of global official foreign exchange reserves stood at 58.9% in the second quarter of this year, roughly unchanged from the 25-year low first hit in the fourth quar ... 阅读全文