Yiwu Market's 22% Growth Amidst Global Trade Uncertainty
Yiwu Market in Zhejiang, China, saw a 22% year-on-year transaction volume increase to 252.2 billion yuan in 2024, driven by its expansion into international markets through investments in overseas infrastructure, exhibitions, and a cross-border payment platform, "Yiwu Pay.
Yiwu Market's 22% Growth Amidst Global Trade Uncertainty
Yiwu Market in Zhejiang, China, saw a 22% year-on-year transaction volume increase to 252.2 billion yuan in 2024, driven by its expansion into international markets through investments in overseas infrastructure, exhibitions, and a cross-border payment platform, "Yiwu Pay.
Progress
48% Bias Score
Trump's Treasury Nominee Faces Scrutiny Over Tax Cuts and Global Trade
US Treasury nominee Scott Bessent, a former George Soros employee and Trump advisor, plans to prioritize supply chain security, sanctions, and maintaining the US dollar's global dominance, while facing Senate questioning on taxes, tariffs, trade and potential conflicts of interest; his confirmation ...
Trump's Treasury Nominee Faces Scrutiny Over Tax Cuts and Global Trade
US Treasury nominee Scott Bessent, a former George Soros employee and Trump advisor, plans to prioritize supply chain security, sanctions, and maintaining the US dollar's global dominance, while facing Senate questioning on taxes, tariffs, trade and potential conflicts of interest; his confirmation ...
Progress
40% Bias Score
UN Condemns Houthi Attacks in Red Sea, Demands End to Hostilities
The UN Security Council passed a resolution, largely drafted by Greece and the US, condemning Houthi attacks on Red Sea shipping, impacting global trade and calling for an end to hostilities, with 12 votes for, 3 abstentions (China, Russia, Algeria), and emphasizing the need for regional cooperation...
UN Condemns Houthi Attacks in Red Sea, Demands End to Hostilities
The UN Security Council passed a resolution, largely drafted by Greece and the US, condemning Houthi attacks on Red Sea shipping, impacting global trade and calling for an end to hostilities, with 12 votes for, 3 abstentions (China, Russia, Algeria), and emphasizing the need for regional cooperation...
Progress
40% Bias Score
UK Faces Economic Peril Amidst Potential Trump-Led Trade War
A senior British minister warns of significant economic risks if a Trump presidency triggers a global trade war, impacting UK exports to the US and potentially increasing inflation, while the UK government is preparing for trade negotiations to mitigate this.
UK Faces Economic Peril Amidst Potential Trump-Led Trade War
A senior British minister warns of significant economic risks if a Trump presidency triggers a global trade war, impacting UK exports to the US and potentially increasing inflation, while the UK government is preparing for trade negotiations to mitigate this.
Progress
40% Bias Score
China Opens Further to Foreign Investment
China is easing market access and improving its business environment to attract more foreign investment, with over 52,000 new foreign-invested companies established in the first eleven months of 2024, signaling a proactive approach amidst global uncertainties.
China Opens Further to Foreign Investment
China is easing market access and improving its business environment to attract more foreign investment, with over 52,000 new foreign-invested companies established in the first eleven months of 2024, signaling a proactive approach amidst global uncertainties.
Progress
44% Bias Score
German Economy Contracts for Second Consecutive Year
Germany's economy shrank by 0.2 percent in 2024, following a 0.3 percent decline in 2023, due to weak consumer spending, a struggling construction sector, decreased exports to China, and political uncertainty stemming from recent elections.
German Economy Contracts for Second Consecutive Year
Germany's economy shrank by 0.2 percent in 2024, following a 0.3 percent decline in 2023, due to weak consumer spending, a struggling construction sector, decreased exports to China, and political uncertainty stemming from recent elections.
Progress
52% Bias Score
China's Land-Sea Trade Corridor Expands, Boosting West China Exports
The New International Land-Sea Trade Corridor, based in Chongqing, China, has expanded to 555 ports in 127 countries, facilitating over 251,800 TEUs of goods worth $6.4 billion in 2024, a significant increase compared to previous years, boosting West China's exports.
China's Land-Sea Trade Corridor Expands, Boosting West China Exports
The New International Land-Sea Trade Corridor, based in Chongqing, China, has expanded to 555 ports in 127 countries, facilitating over 251,800 TEUs of goods worth $6.4 billion in 2024, a significant increase compared to previous years, boosting West China's exports.
Progress
48% Bias Score
Pre-Tariff Stockpiling Fuels Record US Imports from China in December 2024
US imports from China spiked 14.5 percent in December 2024 to 451,000 40-foot containers due to companies stockpiling goods before anticipated Trump tariffs; this impacted various sectors, including apparel, toys, and electronics.
Pre-Tariff Stockpiling Fuels Record US Imports from China in December 2024
US imports from China spiked 14.5 percent in December 2024 to 451,000 40-foot containers due to companies stockpiling goods before anticipated Trump tariffs; this impacted various sectors, including apparel, toys, and electronics.
Progress
44% Bias Score
2025 Chinese New Year: Looming Supply Chain Disruptions
The 2025 Chinese New Year (CNY) will likely cause significant supply chain disruptions due to potential US tariffs, US port strikes, and a weakening Chinese economy impacting production and labor.
2025 Chinese New Year: Looming Supply Chain Disruptions
The 2025 Chinese New Year (CNY) will likely cause significant supply chain disruptions due to potential US tariffs, US port strikes, and a weakening Chinese economy impacting production and labor.
Progress
48% Bias Score
Houthi Red Sea Attack Halt Anticipated
Maritime security officials expect Yemen's Houthis to announce a halt to Red Sea ship attacks following the Gaza ceasefire, after over 100 attacks since November 2023 disrupted global shipping, causing companies to reroute around southern Africa.
Houthi Red Sea Attack Halt Anticipated
Maritime security officials expect Yemen's Houthis to announce a halt to Red Sea ship attacks following the Gaza ceasefire, after over 100 attacks since November 2023 disrupted global shipping, causing companies to reroute around southern Africa.
Progress
40% Bias Score
Dollar Rally Pauses Ahead of U.S. Inflation Report
The U.S. dollar's rally paused on Wednesday ahead of a closely watched U.S. inflation report, with the euro and British pound also fluctuating due to economic concerns; the dollar was last at 109.23 against a basket of currencies, down from Monday's peak of 110.17.
Dollar Rally Pauses Ahead of U.S. Inflation Report
The U.S. dollar's rally paused on Wednesday ahead of a closely watched U.S. inflation report, with the euro and British pound also fluctuating due to economic concerns; the dollar was last at 109.23 against a basket of currencies, down from Monday's peak of 110.17.
Progress
36% Bias Score
Germany's Economy Contracts for Second Consecutive Year
Germany's economy shrank 0.2% in 2024, marking its first two-year recession since the early 2000s due to high labor costs, weak productivity, reduced Chinese demand, and potential US tariffs, impacting the wider European economy.
Germany's Economy Contracts for Second Consecutive Year
Germany's economy shrank 0.2% in 2024, marking its first two-year recession since the early 2000s due to high labor costs, weak productivity, reduced Chinese demand, and potential US tariffs, impacting the wider European economy.
Progress
32% Bias Score