Economic impact of latest Taiwan Strait crisis

Taiwan strait map close up in an small world globe (this picture has been shot with a High Definition Hasselblad H3D II 31 megapixels camera and 120 mm f4H Hasselblad macro lens). Image: iStock

Geopolitical tensions within the Taiwan Strait have got risen after ALL OF US House Speaker Nancy Pelosi visited Taiwan. It is no surprise that Beijing announced economic retaliations and military drills. The Taiwan Strait, one of the world’ s most important lanes for marine delivery and air cargoes, is now a riskier place because of the on-going live military […]

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CPTPP bid shows political side of China trade goals

In September 2021, China applied for membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This app came four years after the United States pulled out of the nascent agreement for what earlier had been called simply TPP. While China is clearly motivated by a desire to expand industry and facilitate industrial expansion, […]

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Eastern Chinese export hub Yiwu imposes 3-day lockdown

BEIJING: The eastern Chinese foreign trade hub Yiwu in Zhejiang province imposed a three day time lockdown starting on Thursday (Aug 11) to contain a recent COVID-19 outbreak, the city government said upon Thursday. Yiwu is a main manufacturing export centre in eastern Tiongkok and home to at least one.Continue Reading

Singapore narrows 2022 GDP growth forecast to 3% to 4% amid further deterioration in global economic outlook

SINGAPORE: Singapore has trimmed its growth forecast with regard to 2022, as the worldwide economic environment weakens additional amid challenges for example inflation and chronic supply chain interruptions. The Ministry of Business and Industry (MTI) said on Thursday night (Aug 11) how the country’s gross domestic product (GDP) with thisContinue Reading