China’s Asia export boom bedevils US friend-shoring

NEW YORK – China’s exports jumped 23% from the year-earlier month, breaking a five-month series of declines, China’s Customs Administration reported on April 13. Shipments to China’s neighbors in the Association of Southeast Asian Nations (ASEAN) led growth with a 34% year-on-year gain, reaching a new monthly record of US$54 billion seasonally adjusted. China’s leadership […]Continue Reading

EU to sanction home appliance exports to Russia

Since the start of the Russo-Ukrainian conflict in February 2022, the European Union has ratified 10 sanctions packages designed to undermine Russia’s capacity to wage war in Ukraine. Now, kitchen appliances are in the EU’s crosshairs.  British newspaper The Telegraph, claiming to have seen a confidential EU report, says Brussels is considering imposing trade restrictions “on […]Continue Reading

US still a giant leap ahead of China in space

Headlines proclaiming the rise of a new “space race” between the US and China have become common in news coverage following many of the exciting launches in recent years. Experts have pointed to China’s rapid advancements in space as evidence of an emerging landscape where China is directly competing with the US for supremacy. This […]Continue Reading