China GDP Grew 8.1% in 2021, Though Momentum Slowed in Fourth Quarter

BEIJING—China’s economy expanded 8.1% last year as a pandemic-plagued world snapped up its goods, though slowing growth in the final months of the year points to challenges ahead for its economy. As expected, the annual gross domestic product figure easily topped Beijing’s official growth target of 6% or more, as exports surged to a record … Read more

Economy Week Ahead: China GDP, U.S. Housing

A man passed through Beijing’s central business district late last year. Photo: greg baker/Agence France-Presse/Getty Images By WSJ Staff Jan. 16, 2022 3:00 pm ET U.S. housing construction and sales numbers highlight a relatively quiet week for economic data. Monday China’s economy in the fourth quarter is expected to have grown at the slowest pace … Read more

Huge U.S. Investments at Risk in Kazakhstan Unrest

For years, Kazakhstan’s vast natural riches and relative political stability have made the country a ripe target for U.S. investments. The current wave of protests, which has led to dozens of deaths, is now making those investments a riskier proposition. Since 2005, the value of U.S. investment in the Kazakh economy has surpassed $45 billion, … Read more

Exporters fret over surging freight rates, delays at ports

Freight rates have started increasing once again after remaining steady in December, rising 10% in the first week of January, raising fresh concerns for exporters of basmati rice, tea, apparel and leather goods among others. The waiting time of consignments at ports has also increased to more than a month from 15 days, trade insiders … Read more

No extraordinary increase in trade with China, says Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Monday said there was no extraordinary increase in trade with China and that the trade deficit with the neighbouring country has come down to USD 44 billion in 2021 from USD 48 billion in 2014-15. The minister also said that from 2003 and 2013-14, when the United Progressive … Read more

Morgan Stanley picks ‘regional champions’ and stocks most pressured by the supply chain crisis

Cargo containers sit stacked on a ship on November 22, 2021 in Bayonne, New Jersey. Spencer Platt | Getty Images Morgan Stanley said most acute supply chain disruptions are already easing and will be more fully resolved within the first half of 2022.  That’s the base case the investment bank laid out in a recent … Read more

Philippine President Duterte’s China pivot hasn’t reduced tensions in the South China Sea

Philippine President Rodrigo Duterte met with Chinese President Xi Jinping in April, 2019 in Beijing, China. Kenzaburo Fukuhara | Kyodo News | Getty Images More than five years on, Philippine President Rodrigo Duterte’s Beijing-friendly postures have not tamed China’s aggression in the disputed South China Sea — and the next Philippine leader should be bolder … Read more

Supply chain disruptions may ease in the second half of 2022, insurer says

A truck picks up a shipping container at the Port of Savannah in Georgia. Paul Hennessy | LightRocket | Getty Images Global supply chain disruptions may continue until the second half of next year, trade credit insurer Euler Hermes said in a report published Thursday. Euler Hermes cited renewed virus outbreaks, China’s zero-Covid policy and … Read more

India and Russia broaden defense ties despite potential risk of U.S. sanctions

Indian Prime Minister Narendra Modi shakes hands with Russian President Vladimir Putin during their meeting at Hyderabad House, on December 6, 2021 in New Delhi, India. Sonu Mehta | Hindustan Times | Getty Images India and Russia on Monday signed more than two dozens deals across a variety of sectors and inked a 10-year defense … Read more

India-Pakistan friendship will increase trade: Navjot Singh Sidhu

Punjab Pradesh Congress Committee president Navjot Singh Sidhu on Saturday said that India-Pakistan friendship will increase trade. While speaking to the media here in Amritsar, Sidhu said, “If our friendship is increased with Pakistan then our business will also be increased. I admire our former Prime Minister Atal Bihari Vajpayee’s scheme when he started Aman … Read more