US economy disappoints in first quarter of 2024 as growth slows far more than expected
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China's first deep-sea multi-functional scientific research and archaeological vessel docks in S China
China's first multi-functional scientific research and archaeological vessel for deep-sea exploration and cultural relics officially docked in Nansha District of Guangzhou City, south China's Guangdong Province on Saturday.
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GDP grows more slowly than expected
Gross domestic product grew by 1.6% in the first quarter, slower than expected after the six-quarter steak of 2% growth or more. How will the Federal Reserve respond to this data when making its next interest rate decision? Also in this episode: The new deep-water channel helping cargo ships leave the Port of Baltimore, protecting trade secrets with noncompete agreements, and the struggling pneumatic tube business gets a boost from the cannabis industry.
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China's Economy in 3 Charts
The Chinese government's report for the first quarter of 2024 was a mixed bag of cause for optimism and systemic issues that continue to drag on economic growth.Newsweek charts based on the latest data from China's National Statistics Bureau illustrate three key bellwethers of the world's second-largest economy.GDPAccording to the new data, China's gross domestic product (GDP) expanded by 5.3 percent year over year, slightly higher than Q4 2023 and beating many economists' expectations.Though...