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Shipping rates sink more than 70% as US Fed's interest rate hikes send shockwaves through global demand

The impact of the US’ latest interest rate hikes is now being reflected in global trade, as exporters said container shipping rates have fallen by 70 percent compared with a year earlier – indicating weaker consumer demand and dimmer global economic prospects amid a range of global uncertainties. ....

United States , Bai Ming , Wang Jinghua , Chinese Academy Of International , Organization For Economic Cooperation , Qianwan Container Terminal , Qingdao Port , East China , Zhejiang Province , Global Times , China Securities Journal , Shanghai Export Containerized Freight Index , West Coast , North America , Chinese Academy , International Trade , Economic Cooperation , Container Shipping Rates ,

China's economy set to get a major boost from 20th Party Congress, to anchor global economy in long run

As the world economy is mired in a confluence of crises from energy shortages to sky-high inflation to recessionary pressure in major economies, global attention is focused on the Chinese economy, the main driving force of global growth, ahead of the upcoming 20th National Congress of the Communist Party of China (CPC) scheduled for mid-October, which is envisaged to illuminate the road ahead for the world s second-largest economy in the coming years and even decades. ....

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China can help usher in 'spring of hope' for all

In A Tale of Two Cities, Charles Dickens famously wrote, "It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair.." ....

United States , Hong Kong , France General , United Kingdom , China General , Hong Kong Special Administrative Region , Hong Kong General , James Lovelock , Oriana Skylar Mastro , Charles Dickens , John Lee Ka Chiu , American Enterprise Institute , Mckinsey Co , Foreign Affairs , European Union , United Nations , Organization For Economic Cooperation , Qianwan Container Terminal , East China , Two Cities , Hong Kong Special Administrative , Fourth Industrial Revolution , Paris Agreement , Climate Change , Derek Scissors , American Enterprise ,