by pallanus | May 22, 2020 | Business News
China will increase its military budget by a slower 6.6 per cent this year, the government announced Friday at the opening session of its annual National People’s Congress. The budget will be set at 1.268 trillion yuan ($178 billion) for the year — the...
by pallanus | May 15, 2020 | Business News
Global shares advanced Friday on signs of improvement in China’s economy after it reopened from its pandemic shutdowns. Benchmarks in Europe opened higher following an upbeat session Friday in Asia. Factory output rose in April as China’s virus-battered economy...
by pallanus | May 12, 2020 | Business News
China suspended imports from four major Australian beef suppliers Tuesday, just weeks after Beijing’s ambassador warned of a consumer boycott in retaliation for Canberra’s push to probe the origins of the coronavirus. Analysts said the move raised concerns...
by pallanus | May 4, 2020 | Business News
The Trump administration is “turbocharging” an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the coronavirus outbreak, according to officials familiar with U.S. planning....
by pallanus | Apr 27, 2020 | Business News
Global military expenditure at 3.6 per cent saw its largest annual spike in a decade in 2019 with China and India being the second- and third-largest spenders after the US, a Stockholm-based think-tank said on Monday, the first time the two Asian giants were among the...
