Ukraine's air force has claimed to have downed a Russian hypersonic missile over Kyiv using newly acquired American Patriot defence systems, the apparent first time the country has been able to intercept one of Moscow's most modern missiles.
China’s inflation cools to 0.1%, its slowest pace in two years
Hong Kong CNN — Deflationary pressure in China is worsening as consumer prices increased at their slowest pace in two years, suggesting weakness in domestic demand and raising questions about the strength of the economic rebound.
The consumer price index rose by just 0.1% in April from a year ago, the lowest rate of inflation since February 2021, according to the National Bureau of Statistics (NBS) on Thursday. In March and February, it increased 0.7% and 1% respectively.
The producer price index, which measures factory-gate prices, declined by 3.6%, marking the biggest contraction in three years. It’s the seventh straight month the figure has fallen.
Prices are stagnating or falling in the country despite the fact that the People’s Bank of China (PBOC), the central bank, has been cutting interest rates and pumping cash into the financial system to bolster the economy.
There have been some signs of recovery in demand after the end of pandemic restrictions late last year, but consumers are still wary of spending on big-ticket items, such as property.
“The subdued inflation readings suggest post-Covid recovery momentum continued to weaken in April,” Nomura analysts said in a research note on Thursday.
The weak property sector recovery likely has exerted “persistent” downward pressure on the factory-gate prices, they added.
Real estate contributes as much as 30% to China’s GDP. It is still in the midst of a historic downturn, with new home prices increasing less than 0.5% in both March and February, after falling for more than a year.
A slump in the property sector affects demand for key raw materials such as steel and cement, which are key parts of the producer price index.
According to data released Tuesday by the customs authority, imports plunged 7.9% in April, indicating weak domestic demand. Exports were strong, up 8.5% from a year, although that was slower than the 14.8% growth recorded in March.
Russia's central bank has $8 billion frozen in Switzerland, which is still deciding what to do with the funds
-Russia's central bank has $8.3 billion being held across Switzerland that have been immobilized. -Switzerland broke its historic neutrality last February to adopt EU sanctions against Russia. -Amid calls to seize the assets to help Ukraine, the Swiss government said discussions are ongoing.
China is a major country .....as a major country China cannot just sanction russia if EU ask China to sanction Russia. ...... u think China is small like malaysia meh?
China still have several decades of growth left to match Japan, Germany USA in terms of GDP per capita........................................plenty of things for China to do, plenty of opportunities
NATO planning to open office in Tokyo, Japan’s envoy to U.S. says
Japanese Ambassador to the U.S. Koji Tomita has offered up the strongest hint that NATO will open a liaison office in Tokyo, telling reporters that Japan was “working in that direction,” after a report said earlier this month that the security alliance would open its first such station in Asia.
Asked about the report during a news conference in Washington on Tuesday, Tomita confirmed that discussions have been taking place on how to strengthen Tokyo’s partnership with NATO after Prime Minister Fumio Kishida became the first Japanese leader to attend a NATO summit last June.
Take the case of Russia...luckily ways are found to get round the sanctions on Russia oil. Otherwise, reduced supply means ultimately everyone pays higher oil prices...and the global south is the one that suffers the most
In the case of the all-electric cars, the top five manufacturers sold more than half of all BEVs.
Tesla still the number one sale in the world and highest profit in EV industry. Their Mexico plants set up will cater for North America market. TSMC advance ships will enable Tesla for auto pillot technology.
Tesla still the number one sale in the world and highest profit in EV industry. Their Mexico plants set up will cater for North America market. TSMC advance ships will enable Tesla for auto pillot technology.
Tesla profit margin 15-20% with level 3 auto pilot technology 5nm chips, if cut price 10% still have very good profit with US government EV incentive.
China is correct. Everyone should be encouraged to respect own civilisation and base it on equality...and don't cross each other redlines. That is how China achieve harmony
Tesla profit margin 15-20% with level 3 auto pilot technology 5nm chips, if cut price 10% still have very good profit with US government EV incentive.
North American countries still prefer Tesla as their number 1 choice. Other car manufacturers could stop selling EV cars to them as the price and technology not competitive.
Once Russia use their Nuclear Arsenal, every thing changes.....I think Americans playing with fire.
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