2023 will undoubtedly be a challenging year for most people. Globally, we have experienced rising inflation, the threat of an energy crisis, and escalating geopolitical tensions, a combination of factors that have created great uncertainty and stress in our daily lives and careers. In the face of these difficult circumstances, it is natural to hope that 2024 will bring us some improvement. However, according to the predictions of some authorities and experts, 2024 ... 阅读全文

If "decoupling" and "de-risk" are the buzzwords for 2022, an obvious buzzword for 2023 should be "fragmentation." As the Russia-Ukraine war drags on, the threat of global warming grows, and inflation driven by key commodities such as oil, gas and food continues to undermine the recovery, anxiety is growing among leading economic institutions about the damaging fragmentation of the global economy. International Monetary Fund (IMF) Managing Director Kristalina Georg ... 阅读全文

In its latest October World Economic Outlook Report (WEO), the International Monetary Fund (IMF) projects that global growth will slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024, below the historical (2000-2019) average of 3.8 percent. And the 2024 forecast is 0.1 percentage points lower than the July estimate. The IMF expects global economic growth in 2023 to be the lowest since 2001 (2.5 percent), except during the global financial c ... 阅读全文

After Congress passed a measure to keep the government open but did not include more funding for the war in Ukraine, defense officials said the Pentagon had just over $5 billion left to provide weapons and other security assistance to Ukraine. If the United States continues to deliver supplies to Ukraine at the pace it has since early March, the remaining funds could provide about six months 'worth of weapons. That represents about 11 percent of the total $43.9 bi ... 阅读全文

The Chinese government is under increasing pressure to intervene more forcefully to restore confidence in the slumping property market. Chinese authorities are investigating debt-laden property developer China Evergrande Group 3333.HK, according to people familiar with the decision. Whether Xu Jiayin, the billionaire founder of China Evergrande, tried to move assets overseas as the company struggled to secure the sale of buildings. It is the latest sign of stress ... 阅读全文

China is intent on becoming a major player in the Arctic, a goal that has long been thwarted by neighboring Russia, which closely guards its dominance in the region. Now Russia's resistance, like the ice that envelops the Earth's North Pole, is beginning to melt. Russia, economically isolated over its invasion of Ukraine, is looking to China for help in developing the Arctic as Western energy companies try to pull out of Russian projects. The most visible manife ... 阅读全文

The dollar's recent rally poses a threat to the tricky task of other central banks around the world of reducing inflation while protecting fragile economic growth. The dollar hit its highest level of the year on Monday, extending its gains since mid-July to 6.6 per cent. The WSJ dollar index closed last week with its biggest quarterly gain since last fall; Last fall, the dollar enjoyed a once-in-decades rally. Some emerging market currencies have been particularly ... 阅读全文

Tesla (TSLA) seems overvalued compared to traditional automakers like Ford (F) and Toyota (TM). Less noticed, but perhaps more significant, is the huge valuation gap that has opened up between Tesla and its closest rival in electric vehicles. BYD Co. (1211.HK, 002594.SZ) had a much better fiscal third quarter than Tesla, with which it vies for the top spot as the world's largest electric car maker. Although Tesla still has a narrow lead in deliveries, BYD's elec ... 阅读全文

With U.S. bond yields at their highest levels in more than a decade, asset managers have high hopes for what BlackRock (BLK) calls a once-in-a-generation opportunity in bond markets. According to their thinking, many investors, such as pension funds and retirement savers, should buy longer-dated bonds to lock in higher yields, spurring large inflows into bond funds. Blackrock, for example, already expects assets under management in its bond exchange traded funds ... 阅读全文

Wang said financial news: The Fed put eagles, the US dollar index soared, but the global economy is very "headache", why do you say so? Just this week, Federal Reserve Bank of Cleveland President Loretta Mester and a number of other officials have said that with inflation pressures still not easing significantly, the Federal Reserve may need to raise interest rates again by the end of the year. Mester said: "With inflation pressures continuing to cloud the United ... 阅读全文

Global climate activists applauded China's pledge two years ago to stop building new coal plants overseas, but Beijing's decision to go ahead with some projects has raised questions about whether the world's top carbon emitter will live up to its word. This year, China and Pakistan revived long-stalled plans to build a coal power plant at Gwadar. Gwadar is a port city at the heart of an economic corridor that the Chinese government is seeking to develop. China is ... 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

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

What was said at the Fed meeting in the wee hours of the morning? Will the Fed continue to raise rates this year? When will the expected rate cut come? Will the Fed pause in September? A more disciplined Fed plans to raise rates further. Another sleepless night in the early hours of Thursday. The Federal Reserve met in September to discuss interest rate hikes and future U.S. rate hikes. The latest results showed that the Fed did not raise interest rates, leaving ... 阅读全文

The past week has been hell for energy investors. Exxon Mobil (XOM) just gave them a reason to laugh. With crude prices down about $10 a barrel in 10 days, The Wall Street Journal reported late Thursday that the oil giant was on the verge of completing the biggest deal of the century, It may buy shale oil producer Pioneer Natural Resources for $60 billion. Exxon has bought other companies over the years, but only two deals come close to the size of Pioneer's purc ... 阅读全文

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

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

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

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