China's Q1 foreign trade hits $1.44 trn, up 4.8% YoY
China's foreign trade surged 4.8 per cent year-on-year (YoY) to 9.89 trillion yuan (around $1.44 trillion) in the first quarter (Q1) of 2023, as per the General Administration of Customs (GAC). The country's exports rose by 8.4 per cent YoY to 5.65 trillion yuan, while imports rose 0.2 per cent to 4.24 trillion yuan. China`s biggest trading partner, the Association of Southeast Asian Nations (ASEAN),
EU seeks to restart High-Level Economic and Trade Dialogue with China
The European Union (EU) would like to restart the High-Level Economic and Trade Dialogue and advance steady and balanced growth of economic and trade ties with China for mutual benefit, European Commission President Ursula von der Leyen told President Xi Jinping at a recent trilateral meeting of China, France and the EU in Beijing. President Emmanuel Macron represented France. The EU stands ready to e
World economy to grow by less than 3% in 2023: IMF chief
The world economy is expected to grow by less than 3 per cent this year, and India and China are expected to account for half of the global economic growth, while others face a steeper climb, according to International Monetary Fund (IMF) managing director Kristalina Georgieva. The sharp slowdown in the world economy will be against the backdrop of the COVID-19 pandemic and the aftermath of the Russia
Low demand brings cotton yarn prices down in north India
North India's cotton yarn prices have eased by ₹2-5 per kg today due to lower demand from downstream industries. Cotton yarn prices have also decreased in Ludhiana and Delhi markets, but traders expect better demand in the next month, and they anticipate an upward movement in cotton yarn prices in the next fiscal. However, the Panipat market has noted a steady trend in prices, while 18 count recycled PC yarn prices were feeling the pressure due to lower demand from Uttar Pradesh.
Bank Volatility to Cut U.S. Economic Growth, IMF Says
Tighter bank lending prompted by the recent failure of two midsize American banks will slow U.S. economic gr
OPEC+ Cut Won`t Throttle Chinese Oil Demand
Russia and members of the Organization of the Petroleum Exporting Countries dropped another bombshell on global markets this past weekend-an additional planned production cut of 1.66 million barrels a day starting in May. Brent oil prices promptly spiked 6%. The move by major oil exporters may reflect concerns about global demand, but signals emerging from China-the world`s largest crude importer-strongly suggest that its recovery in oil demand has further to run. That will help underpin global oil prices even if U.S. demand weakens significantly. And a larger bump in Chi
China's Textile and Apparel Industry Shows Signs of Recovery
China's textile and apparel industry has been hit hard by the COVID-19 pandemic, with many factories shutting down and orders cancelled. However, recent data suggests that the industry is starting to recover. According to the China National Textile and Apparel Council, the
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