This week we’ll have a clearer idea of whether Xi Jinping has a plan to deal with the myriad economic problems facing the country.
The bid by a Japanese steel company for a former US icon has met with fierce political opposition that could unsettle America’s allies.
India’s plans to purchase 26 more French Rafale fighter aircraft and three Scorpene submarines.
Following Saturday’s inaugural China East Airlines flight from Perth to Shanghai,a non-stop route to India will be a top priority on Monday’s trade mission.
GDP growth last year met a target of “about 5 per cent” but the detail in Wednesday’s economic data highlights the deep-seated problems confronting China.
Rising demand from Asian countries has propelled exports in this category to almost $20 billion,making Victoria number one in the nation.
Data released late last week shows efforts to stimulate the economy aren’t working and might even have been counter-productive.
China’s economy is now so big that its $US900 billion annual goods surplus is destabilising world trade,like an elephant in a rowing boat.
Persistent attacks by Houthi rebels in the Red Sea have rattled a major shipping route through the Suez Canal,which has led to soaring shipping costs and a jump in oil prices.
Analysts at Westpac believe oil prices could rise more still as the airstrikes against the Yemeni rebel group continue.
A sluggish recovery from the pandemic,the wars in Ukraine and the Middle East,a diminished Chinese economy and the increasing risks of disasters caused by global warming are expected to weigh heavily on the world economy.