How China’s Flood Of Cheap Exports Boosts Its Economy And Kills Ours
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"House Destocking": China Politburo Hints New PLan To Fix BIggest Drag On The Economy China's Politburo meeting on economic policy took place today, and as SocGen's Wei Yao reports, the most important takeaway from the meeting is that policymakers are shifting their attention to housing destocking, as they pledged to 'study measures'. As usual about 3 years behind the curve, Beijing policymakers - who burst China's housing bubble sparking unprecedented wealth destruction across the...
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Vega-C rocket to launch Europe and China's first entirely joint space mission
The European Space Agency (ESA) has secured a ride for its solar wind satellite. The Solar wind Magnetosphere Ionosphere Link Explorer — or Smile for short — will blast into space aboard a Vega-C rocket. The launch is scheduled for late 2025 from Europe’s spaceport in French Guiana. “We are delighted to be launching Smile on such a versatile launch vehicle,” said David Agnolon, project manager of Smile. “Vega-C has been selected as it perfectly matches the needs of the mission, such as...
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China keeps it low-key as TikTok prepares to take fight for survival to U.S. courts
China’s Foreign Ministry refused to answer questions on Wednesday about a new U.S. ultimatum ordering China-based ByteDance to sell the American arm of its wildly popular app TikTok or face a ban in the U.S., in sharp contrast to the loud approach Beijing and the app’s supporters have previously pushed.