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China Crisis Series

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Third world countries are not so third now, in last decade, emerging markets, led by China gained into prominence as a driver of global economy, contributing more than half of world's GDP and China in second place. In today's modern financial world, China can't just be ignored, however due to opaque nature of Chinese data and their secrecy, sighting true insight on the country remains a challenge. In this series, we at EconoTimes, take up the challenge to present our readers true, market moving insights.

China Crisis Series

Renminbi Series

Renminbi Series: Next phase in China crisis about to begin

Nov 30, 2016 08:42 am UTC| Commentary Economy

The biggest threat to theglobal economy is China, thesituation where could worsen with the return of inflation in the United States and other parts of the world. According to Morgan Stanley, the debt level in China rose to...

Worrisome Signs Series

China Crisis Series

Worrisome Signs Series: China’s trade balance

Nov 08, 2016 10:51 am UTC| Commentary Economy

Today, Chinese trade balance data got published and it was a relatively weak one. Weak enough to spark concerns with regard to not just the Chinese economy but global economy as well. Chinese trade balance came at...

China Crisis Series

China at risk of losing AA-status on uncontrolled credit growth, warns S&P

Oct 20, 2016 13:37 pm UTC| Commentary

US-based ratings agency, SP Global Ratings in a report released last week warned that China is at a risk of losing its AA-status if it doesnt rein in its debt-fueled economic growth. SPs has slashed Chinas outlook to...

China Crisis Series

IMF warns on dangerous pace of credit growth in China

Oct 05, 2016 15:34 pm UTC| Commentary

In an update to its World Economic Outlook on Tuesday, the International Monetary Fund warned that Chinas dependence on debt is growing at a dangerous pace and called for authorities to act to head off a brewing crisis in...

China Crisis Series

China external debt posts first quarterly rise since Q2 2015, indicates easing capital outflows

Sep 28, 2016 07:00 am UTC| Commentary Economy

Chinas external debt posted the first quarterly rise during the second quarter of this year, since the same period a year ago, suggesting that the Chinese corporates have gone through the most painful period of external...

China Crisis Series

Chart of the Day: China's shifting bubble

Aug 03, 2016 14:53 pm UTC| Commentary Economy

This nice chart from Tom Orlik, chief Asia economist, Bloomberg shows how the great ball of money is moving through Chinese assets. At first there was housing boom that shifted to stock, from there to bonds, then to...

China Crisis Series

China’s industrial profits rise in June on support from government spending

Jul 27, 2016 05:21 am UTC| Commentary

Industrial profits in China rose at the fastest pace during the month of June, buoyed by strong support from government spending in the corporate sector though uneven growth and soft investment pose risks in the near...

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Economy

Former RBNZ Acting Governor Grant Spencer Appointed to Board

Grant Spencer, former Acting Governor of the Reserve Bank of New Zealand (RBNZ), has been appointed to the central banks board for a five-year term starting July 1, Finance Minister Nicola Willis announced on Tuesday....

U.S. Dollar Hits Multi-Year Low Amid Fed Easing Bets and Trump’s Spending Push

The U.S. dollar slumped to its lowest level against the euro since September 2021, as President Trumps $3.3 trillion tax-and-spending bill stirred fiscal concerns and weighed on investor sentiment. The euro surged to...

India Nears Interim Trade Deal with U.S. to Boost Economic Ties

India is reportedly close to finalizing an interim trade agreement with the United States, according to sources cited by the Financial Times. The deal could be announced as early as this week, marking a significant step...

GOP Pushes Trump’s $3.3T Tax and Spending Bill Amid Debt Concerns

U.S. Senate Republicans are scrambling to pass President Donald Trumps sweeping $3.3 trillion tax-cut and spending bill, despite deep internal divisions over its impact on the nations $36.2 trillion debt. In a high-stakes...

Asian Markets Mixed as Trump’s Tariff Deadline Looms; South Korea Rallies, Japan Slips

Asian stock markets traded mostly higher on Tuesday, buoyed by Wall Streets record-breaking performance, with South Koreas KOSPI surging 1.6% to lead regional gains. Investor sentiment was lifted by optimism around trade...

Politics

U.S. Senate Overwhelmingly Votes to End Federal AI Regulation Ban

The Republican-led U.S. Senate voted 99-1 on Tuesday to eliminate a 10-year federal moratorium on state-level regulation of artificial intelligence (AI), marking a major shift in the ongoing debate over AI governance. The...

Trump Threatens to Cut Tesla, SpaceX Subsidies Amid Feud With Elon Musk

U.S. President Donald Trump has threatened to revoke government subsidies for Tesla and SpaceX, escalating a public feud with Elon Musk over a controversial tax and spending bill. In a post on Truth Social Monday night,...

Thai PM Paetongtarn Faces Suspension Threat Amid Leaked Call Scandal and Thaksin Legal Woes

Thailands Prime Minister Paetongtarn Shinawatra is under mounting pressure as the Constitutional Court reviews a petition filed by 36 senators seeking her dismissal over a leaked phone call with Cambodias former leader Hun...

Trump Eyes Quick Trade Deals Ahead of July Tariff Deadline

The U.S. is pursuing fast-track trade agreements with key partners as President Donald Trumps July 9 tariff deadline looms, according to the Financial Times. These narrow deals aim to avoid tougher reciprocal tariffs by...

Quad Ministers Meet Amid Rising Tensions with China and Internal Strains

U.S. Secretary of State Marco Rubio convened his Australian, Indian, and Japanese counterparts on Tuesday to strengthen the Quad alliance and counter Chinas growing influence in the Indo-Pacific. Despite a shared strategic...

Science

FDA Lifts REMS Requirement for CAR-T Cell Cancer Therapies

The U.S. Food and Drug Administration (FDA) has removed the Risk Evaluation and Mitigation Strategies (REMS) requirement for all currently approved CAR-T cell therapies, a move expected to improve patient access to these...

Neuren Pharmaceuticals Surges on U.S. Patent Win for Rare Disorder Drug

Shares of Neuren Pharmaceuticals Ltd (ASX:NEU) jumped over 10% on Thursday after the company announced a key development in its rare disease pipeline. The U.S. Patent and Trademark Office has approved Neurens patent...

CDC Vaccine Review Sparks Controversy Over Thimerosal Study Citation

A presentation on thimerosal, a mercury-based vaccine preservative, set to be delivered to the CDCs advisory committee has come under scrutiny for referencing a non-existent study. The report, Thimerosal as a Vaccine...

SpaceX Starship Explodes in Texas During Test, Citing Nitrogen Tank Failure

SpaceXs Starship spacecraft exploded in a dramatic fireball during a late-night test at the companys Starbase facility in Brownsville, Texas, on June 18, 2025. The 400-foot Mars-bound rocket, a key part of Elon Musks...

NASA Astronauts Wilmore and Williams Recover After Boeing Starliner Delay

NASA astronauts Butch Wilmore and Suni Williams are steadily recovering after spending nine unexpected months aboard the International Space Station (ISS) due to issues with Boeings Starliner capsule. Initially intended...

Technology

Meta Launches Superintelligence Labs to Accelerate AGI Push

Meta CEO Mark Zuckerberg has unveiled a major restructuring of the companys AI division by launching Meta Superintelligence Labs, a new unit focused on advancing artificial general intelligence (AGI). Leading the...

TSMC’s AI Revenue Forecast Raised to $90B by 2029, Says Needham

Needham Company has raised its price target for Taiwan Semiconductor Manufacturing Co. (TSMC) to $270 from $225, reaffirming a Buy rating based on a bullish long-term AI growth outlook. In a new note, the firm projects...

Google Challenges EU Tech Rules Over Innovation Concerns

Alphabets Google (NASDAQ:GOOGL) is set to warn EU regulators on Tuesday that the European Unions Digital Markets Act (DMA) is stifling innovation and negatively affecting European users and businesses. The tech giant plans...

Elon Musk’s xAI Raises $10B for Supercomputer, Grok AI Expansion

Elon Musks artificial intelligence venture, xAI, has secured $10 billion in funding to fuel its rapid growth in the competitive AI sector, according to Morgan Stanley. The funding consists of $5 billion from secured notes...

Iran-Linked Hackers Threaten New Leak of Trump-Related Emails After Cyberattack

Iran-affiliated hackers, operating under the alias Robert, have threatened to release more stolen emails tied to U.S. President Donald Trump and his inner circle. This follows a previous leak during the 2024 U.S. election,...