So when will China overtake the U.S. to become the world’s biggest economy? These questions are more consequential whether for executives wondering where long-term profits will come from or investors weighing the dollar’s status as a global reserve currency or generals strategizing over geopolitical flashpoints. Bloomberg Economics’ Eric Zhu discusses the topic on “Bloomberg Daybreak: Asia.” (Source: Bloomberg)
Saudi Arabia raised its September official selling prices for crude oil by between $0.20 and $0.30 per barrel for Asian buyers to a four-month high. This time, however, their move could backfire, writes Bloomberg. The largest oil […]
The global economy had a rocky year in 2022. As the worst of COVID-19’s effects on public health receded, the war in Ukraine and China’s tough “zero COVID” curbs injected new chaos into global supply […]
LAUNCESTON, Australia, Jan 11 (Reuters) – China’s status as the colossus of renewable energy is set to be cemented in the next five years, with the world’s second-biggest economy adding more capacity than the rest […]
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