White House economic adviser Larry Kudlow told President Donald Trump and Cabinet members in a White House meeting on Thursday that China’s most recent economic numbers show a southward turn.
China’s Communist Party leader Xi Jinping celebrated his country’s ties to North Korea Wednesday during a meeting to welcome a delegation from Pyongyang in town to learn how to replicate the Chinese economy domestically, proclaiming that the bilateral relationship is “sealed in blood.”
With China’s foreign exchange reserves falling by $490 billion in the last twelve months, China is on pace to run out of currency reserves in just two years.
While campaigning in South Carolina, GOP presidential candidate Wisconsin Gov. Scott Walker released a statement calling for the Chinese President’s state visit to the United States to be canceled.
Chinese tourism and its robust spending could evaporate quickly, hurting California’s economy in mid-recovery.
The communist Chinese regime fears the risk of a rebellion if tens of millions of rural migrants lose their jobs, with the export-driven economy crumbling.
Despite the Chinese communist government’s efforts to hide the severity of the “Black Tuesday” stock crash by indefinitely suspending trading in over a quarter of the nation’s weakest stocks, the Shanghai B Share Index suffered a 9.1 percent loss, while the Shenzhen Exchange plunged 5.8%.
Apple’s earnings vaulted by 27.5% for the first three months of 2015 compared to the same period last year, on the phenomenal Chinese sales driving profit margins for the iPhone 6. The virtuous smartphone tailwind and buzz about the Apple Watch spiked store traffic that also goosed Mac sales. With an operating margin of over 30 percent and $194 billion in the bank, Apple deserves to be the world’s most valuable company.
Lombard Street Research (LSR) has reported that China’s “real” (after-inflation) GDP actually fell -0.2% for the quarter ending March 2015. Despite the official government claim of +1.3 percent growth for the quarter and +7 percent annualized growth. China’s quarterly performance
