SOURCE / ECONOMY
By Global Times Published: Apr 02, 2021 12:08 AM
Photo taken on Oct. 26, 2020 shows the Tesla China-made Model 3 vehicles at its gigafactory in Shanghai, east China. Photo: Xinhua Business representatives from both China and the US expect closer ties to jointly develop the auto industry that is directed at smart electric vehicles (EVs). They are calling for an open and fair business environment despite the ongoing tensions between the world s two largest economies.
Xu Haidong, assistant secretary general of the China Association of Automobile Manufacturers, said that Chinese and American auto companies have been successfully cooperating, and the two sides have leveraged their respective advantages to establish a win-win situation.
Business
March 17, 2021
Frankfurt/WashingtonFrom the beginning, the coronavirus pandemic inflicted deeper economic scars on Europe than the US. Now their responses to the crisis mean the transatlantic economies are about to drift further apart.
The EU’s “output gap” the shortfall in what the bloc was producing compared with its full potential at the start of this year was double the equivalent differential in the US, meaning the European economy was creating fewer jobs, yielding weaker demand and generating lower inflation.
America will pull further ahead this year, while Europe is held back by less ambitious public spending, tighter restrictions on businesses and a slower rate of vaccinations, economists say.
Absent Landlords and PMA s In-Person Foodservice Conference
Wednesday Mar 17th, 2021 From the Ag Information Network, I’m Bob Larson with your Agribusiness Update. Availability of COVID-19 vaccines for farm employees has been increasing in a number of California’s rural counties.
Farmers have joined with local health agencies and nonprofits to sponsor vaccination clinics, and to encourage their employees to receive the vaccines.
A Fresno County supervisor says the vaccine has had “wide acceptance” among farm employees. The majority of rented farmland is owned by landlords who don’t operate farms, and a subset, known as absent landlords, don’t reside in the local farming area.
Five things to watch from the Federal Reserve meeting
17 Mar, 2021 04:22 AM
6 minutes to read
Financial Times
By: James Politi and Colby Smith The Federal Open Market Committee meets this week against a sharply improved US economic backdrop compared to its last gathering in January: the winter surge of coronavirus cases has ebbed, the rollout of vaccinations is accelerating, and Joe Biden s US$1.9 trillion ($2.6t) stimulus plan has been enacted, with money already flowing to US households.
Markets have taken notice, sending 10-year Treasury yields to the highest level in more than a year, heightening volatility on Wall Street and raising some concerns about a premature tightening of financial conditions.
China-Backed Junta s Violence Aggravates Myanmar Economy
Financial data firm says coup cuts in half projected 6% economic growth as Asian investors to be impacted by military takeover. Social media images of burning Chinese factories in Yangon s suburban factory district known as Hlaing ThaYa must be making already concerned foreign investors sit up. They will be paying closer attention to the escalating murder and violence by the country s coup regime, as they try to crush the massively popular revolt against them.
Global Times, the Chinese government mouthpiece, characterized the burning of factories as barbaric, while not even making a brief mention of the slaughter of 18 unarmed peaceful protesters in the same location the same day. Despite public denials of arson by the protesters who live next to these factories the Chinese propaganda simply repeats Myanmar junta s typically deceitful narrative of the victims