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Air travel is making a strong comeback, but Asia is lagging behind, says IATA
International air transport has seen a strong recovery this year, with the exception of the Asia-Pacific region, which is “significantly behind”, according to the International Air Transport Association (IATA). “Last year, international travel was about 25% of what it was in 2019. In the first quarter of this year around the world, it was up […]
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China economic data disappoints in April as Covid controls weigh
The continued spread of Covid and the resulting stay-at-home orders – mainly in Shanghai – forced factories to close or operate at limited capacity in April. Pictured on May 12 is a refrigerator factory in Hefei, China, about a five-hour drive from Shanghai. Xie Chen | Visual Group China | Getty Images BEIJING — China […]
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China could take on more debt as lockdowns hit economy
Covid lockdowns have hit the Chinese economy, and the Asian giant may need to issue more debt to continue meeting its growth target. Kevin Frayer | Getty Images News | Getty Images China may have to issue more debt as it tries to keep growing in the face of Covid lockdowns that are dampening its […]
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China could take on more debt as lockdowns hit economy
Covid lockdowns have hit the Chinese economy, and the Asian giant may need to issue more debt to continue meeting its growth target. Kevin Frayer | Getty Images News | Getty Images China may have to issue more debt as it tries to keep growing in the face of Covid lockdowns that are dampening its […]
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Consumer prices in China hit a six-month high as Covid prompts residents to stock up on food
Fresh vegetable prices rose 24% year-on-year in April as consumers stocked up to prepare for possible stay-at-home orders. Pictured is a delivery driver from Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao | AFP | Getty Images BEIJING — Consumer and producer prices in China rose more than expected in April, […]
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Consumer prices in China hit a six-month high as Covid prompts residents to stock up on food
Fresh vegetable prices rose 24% year-on-year in April as consumers stocked up to prepare for possible stay-at-home orders. Pictured is a delivery driver from Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao | AFP | Getty Images BEIJING — Consumer and producer prices in China rose more than expected in April, […]
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Biden says White House could lower Trump China tariffs to lower consumer prices
President Joe Biden has said he could scrap some of the tariffs on Chinese imports to help control rising consumer prices in the United States – just as Wall Street braces for another report on inflation in the north by 8%. The White House is reviewing sanctions imposed under former President Donald Trump — who […]