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The cost of shipping goods from China has slumped to the lowest level in more than two years as falling demand finally eases the congestion that had plagued global supply chains.
Chinese property investment slumps, new construction suffers its worst slowdown in a decade, and developer cash flows have dried up.
Beijing this week slashed interest rates to boost demand after its zero-COVID policy and a property crash rocked the economy. China's woes will hurt global growth but could also help to cool inflation.
China’s zero-COVID push continues to wreak havoc on its economy, with fears growing of the long-term consequences of the strict policy.
Navigating the maze-like showroom that is an Ikea store has always been notoriously difficult. But last weekend, hundreds of shoppers in Shanghai found themselves barging their way past security guards just to get out of the doors at the Xuhui...