Economics – Page 2 – Charm

G7 nations unite to launch critical minerals production alliance to reduce Western reliance on China for technology

Cs news10 months ago05 mins

The group’s new measures include long-term supply contracts and price stabilization to mitigate risks The Group of Seven (G7) nations have announced plans to launch a new Critical Minerals Production Alliance aimed at countering China’s overwhelming dominance in the global supply chain for critical minerals, which are essential for advanced technologies, clean energy, and national…

China Factory Activity Hits Longest Decline in More Than Nine Years

Cs news10 months ago01 mins

China’s factory activity slump worsened in October, reaching its longest decline in more than nine years as a deepening economic slowdown sets in during the final quarter. The official manufacturing purchasing managers’ index was 49, versus 49.8 in September, the National Bureau of Statistics said Friday. The median estimate of economists surveyed by Bloomberg was…

German Firms Hand Over Secrets That China Could Use for Leverage

Cs news10 months ago01 mins

Supply Lines is a daily newsletter that tracks global trade. Sign up here. As German firms wrestle with new Chinese controls on rare earths, they are handing Beijing sensitive supply chain information it could potentially use to squeeze manufacturers or shut down production lines in Europe’s biggest economy. Source link

Bundesbank President: EU Should Be Ready to Act on China Trade Issues

Cs news10 months ago01 mins

Bundesbank President Joachim Nagel said he hopes that Europe can overcome trade difficulties with China, but should be ready to take firm action if necessary. “I think this retaliation question, I think at the end, it has to be decided by politics where we are going here, is retaliation the right strategy?,” he told the…

China Sets 2026–2030 Plan to Boost Tech Self-Reliance and Industrial Strength

Cs news10 months ago03 mins

China’s Communist Party Central Committee has announced its economic and industrial priorities for 2026–2030, pledging to build a “modern industrial system” and accelerate technological self-reliance. The decision, reported by Xinhua, follows a key leadership meeting this week where officials assessed China’s performance under the current five-year plan and mapped out the next phase of economic…

China’s Economic Stagnation and Tech Innovation Are Linked Stories

Cs news10 months ago043 mins

Yet equally persuasive are signs of structural weaknesses: rising debt, an aging population, a collapsed real estate market, and rising youth unemployment. China’s economy, some say, has peaked. “Involution,” or wasted production, is not only the word of the year in China but for some is another sign of an inescapable downward growth spiral. If…

China’s Record Holiday Rail Travel Highlights Consumer Appetite Amid Economic Headwinds

Cs news11 months ago03 mins

China’s national railway network carried 23.13 million trips on the first day of the extended National Day holiday on Wednesday, setting a new single-day record and surpassing last year’s 21.45 million. The eight-day break, which coincides with the Mid-Autumn Festival, is traditionally one of the busiest periods on China’s travel calendar. Authorities project a total…

The US economy lost 32,000 private-sector jobs in September | Local News

Cs news11 months ago11 months ago04 mins

Private payrolls plunged in September, complicating the picture for the US economy as policymakers and investors struggle to assess the state of the labor market amid a government shutdown. The Bureau of Labor Statistics is unlikely to release the monthly jobs report this Friday due to the closure. That means many flying blind without critical…

Americans are still spending despite economic fears | Local News

Cs news11 months ago11 months ago07 mins

Americans still opened their wallets last month, despite persistent fears about the economy, a slowing labor market and higher tariffs. Spending at US retailers rose 0.6% in August, the Commerce Department said Tuesday, unchanged from July’s upwardly revised 0.6%. Last month’s figure came in much better than economists’ expectations of a 0.2% increase, according to…

China Factory Activity Slump Continues Despite Tariff Relief

Cs news12 months ago01 mins

China’s factory activity remained stuck in contraction in August, as a government crackdown on price wars holds back production and offsets the boost for manufacturers of the US’ extended trade truce. The official manufacturing purchasing managers’ index was 49.4, versus 49.3 in July, the National Bureau of Statistics said Sunday. The median estimate of economists…