With dwindling US presence, China has been gradually increasing its involvement in the West Asia & North Africa (WANA) region in areas other than economy. An evident example in this case is that of Iraq where China’s increasing influence can be seen in various spheres. Though China has shown no inclination of interfering in Iraqi… Continue reading Is Iraq the Dragon’s next prey?
Desperate for capital and with their economies struggling, China’s cities are wooing Western businesses with previously unavailable goodies. Beijing has labeled 2023 the “Year of Investing in China” and local officials have embarked on promotional tours overseas to drum up interest from investors. That effort is running headlong into President Xi Jinping’s national-security agenda, with its… Continue reading Xi Jinping Chokes Off Crucial Engine of China’s Economy
The recent blocking of Wu Xiaobo, one of China’s most prominent economic commentators, from Weibo for commenting about the country’s stock market and unemployment rate suggests that there is increasing unease among the Chinese leadership that the economy is heading into a slump and want to keep negative news about the economy under control. Online… Continue reading China’s Increasing Censorship of Negative Economic News
Chinese toy industry has been caught in a controversy for selling dangerous products to children through mystery boxes. Following the criticism from a cross sections of the society, Chinese regulator recently imposed a ban specifically on the sale of mystery boxes to children below eight and made mandatory to get parents’ consent for older children.… Continue reading Controversy Erupts On Unboxing Mystery Boxes, Regulator Imposes Ban On Sale
China’s industrial firms experienced a significant decline in annual profits during the first five months of the year, as softening demand squeezed margins, further underscoring the need for additional policy support to revive the country’s post-COVID economic recovery. The 18.8 percent year-on-year slump in profits, coupled with the 20.6 percent contraction from January to April,… Continue reading China’s Industrial Profits Continue Double-Digit Decline, Highlighting Need for Policy Support
The slowdown which crept into the Chinese economy with emergence of Covid, is showing little signs of ebbing. For more than three years now, various forms of policy support have remained largely ineffective in reviving the growth rate of the world’s second largest economy. Many measures which seem to work for a few quarters lose… Continue reading Chinese State Support Fails to Reverse Slowdown in Economy
PLA Daily article accuses the US of using Taiwan as a pawn and creating a ‘porcupine’ island to contain Beijing Island’s defence ministry says PLA planes and drones made 70 flights near the Taiwan Strait in the 24 hours until 6am on Monday HONG KONG — During their recently concluded earnings season, Hong Kong-listed Chinese… Continue reading Chinese banks ditch bad loans amid property woes
The ongoing economic turbulence facing Pakistan is unprecedented in many ways. Inflation is at a 48-year high with the Consumer Price Index increasing by 27.6% and Wholesale Price Index registering a growth of 28.5% during January 2023. Falling below $3 billion recently, the forex reserves in the country have hit a nine year low. Thanks… Continue reading Economic crisis of Pakistan spills to its missions worldwide