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Domestic consumer demand records uptick in first two months

The domestic consumer demand continued to pick up in the first two months, which will boost the gradual recovery of industrial profits in the months to come, official data showed Monday. ....

Sun Xiao , National Bureau Of Statistics , Nanjing East Road Walkway , National Bureau , Year On ,

FOXNEWS Sunday Morning Futures With Maria Bartiromo June 4, 2024 14:40:00

These partnerships to use the yuan when rank the acting for oil business. he was with the head of saudi arabia, and the saudis said, yeah, maybe we will be using the you yuan and not the dollar. this is the ccp s goal, to replace the dollar as the world s currency. yes, it absolutely is, and even more broadly, it is the ccp s goal to replace the united states as the dominant global economic power in the world, and is we re letting that happen. we re letting that happen under the biden s watch in spom ways. anybody this think about this, former secretary kerry who, frankly, is leading a large part of this administration s foreign policy, said, gosh, with china we have to work with them because we can t get bogged down in these other issues. so climate change has now trumped american security with respect to the chinese communist party. foolish in two ways, maria, you know this. the chance of the chinese communist party actually improving the climate of the globe is zero and, secon ....

Communist China , Oil Business , Saudi Arabia , U S , Joe Biden , Foreign Policy , Kerry Who , Maria Bartiromo , Climate Change ,

CNN Fareed Zakaria GPS June 4, 2024 14:04:00

Donald trump s decision in me 2018 to pull out of the iran nuclear deal. the european union was strenuously opposed to this move, but it watched as the dollar s dominance meant that iran was immediately excluded from the world economy. jean claude juncker, then president of the european commission, proposed enhancing the euro s role internationally to shield the continent from what he called selfish unilateralism. the commission outlined the path to achieve this. it hasn t happened. there remains too many fundamental doubts about the future of the euro itself. dollar dominance is firmly entrenched for many good reasons . a globalized economy needs a single currency for ease and efficiency. the dollar is stable , you can buy and sell it anytime, and it s governed largely by the market and not the whims of a government. that s why china s efforts to expand the yuan s role internationally have not worked. ....

European Union , Donald Trump , Iran Nuclear Deal , Jean Claude Juncker , World Economy , European Commission , American Politics , Fed Shouldn T , Dollar Dominance ,

CNN Fareed Zakaria GPS June 4, 2024 14:03:00

Parts of the world economy and washington can spend freely, certain that its debt will be brought up. by the rest of the world. the war against ukraine, combined with washington s increasingly confrontational approach to china have created a perfect storm in which both russia and china are accelerating efforts to diversify away from the dollar. central banks are keeping less of their reserves in dollars and most straight between them is being settled in the yuan. they are also making efforts to get other countries to follow suit. the biden administration has handled the economic war against russia extremely effectively by building a coalition of almost all the world s advanced economies. that makes it hard to escape from the dollar into other highly valued stable currencies like the euro or the pound or the canadian dollar because those countries are also warring with russia. what might have been a sharper turning point for the dollar s role was ....

World War Two , World Economy , Turning Point ,