China producer prices turn negative in warning sign for global economy

China producer prices turn negative in warning sign for global economy

SINGAPORE – Prices charged by Chinese companies at the factory gate registered their first annual decline in nearly two years, another depressing signal for the global economy, as bulging inventories and cautious consumers in the West hit overseas demand for Chinese-made goods. Chinese producer prices fell 1.3% in October from a year earlier, the National … Read more

Disney shows the limits of streaming

Disney shows the limits of streaming

The streaming form may be wearing thin in the Magic Kingdom. Disney DIS -0.53% said Tuesday afternoon that it added 12.1 million net new subscribers to its flagship Disney+ streaming service during its fiscal fourth quarter. That was 36% more than analysts had expected, and this time Disney didn’t rely entirely on growth from regions … Read more

China’s Factory Slowdown Worse Than Expected Under Weight of Covid Policies

China’s Factory Slowdown Worse Than Expected Under Weight of Covid Policies

HONG KONG—China’s factory activity contracted in October after a short-lived improvement, a fresh sign of the toll from the country’s stringent Covid policies and of fading global demand for Chinese-made goods. The official purchasing managers index for manufacturing fell to 49.2 from 50.1 in September, the National Bureau of Statistics said Monday. The result fell … Read more

The Deadly ‘De-Growth’ Craze – WSJ

The Deadly ‘De-Growth’ Craze – WSJ

The modern world is constantly subjected to crackpot movements that eventually fail, but not before causing serious damage. Karl Marx was a crackpot. So was the John Birch Society in its mission to fight communism “behind every tree.” The latest is Modern Monetary Theory and unlimited dollar creation for government spending, which caused today’s runaway … Read more

German economy shows surprising strength ahead of expected recession

German economy shows surprising strength ahead of expected recession

FRANKFURT—Germany’s economy grew modestly in the three months to September, showing surprising strength ahead of what economists expect will be a bleak period as the region’s households and businesses grapple with rising interest rates and prices fueled by Russia’s war in Ukraine . The fate of Europe’s largest economy and its traditional engine of growth … Read more

A recession reprieve, for now

A recession reprieve, for now

Photo: Richard B. Levine/Zuma Press Americans will take any good economic news they can get these days, and they got some with Thursday’s report that the US economy grew 2.6% in the third quarter. Unfortunately, the details of this growth spurt do not indicate the start of a new prosperity. Growth in the third quarter … Read more

China is falling into the middle income trap

China is falling into the middle income trap

The Chinese Communist Party’s 20th National Congress strengthened Xi Jinping’s power and confirmed his ideological views on China’s future. Beyond that, it revealed little about how China will deal with its faltering economy. Growth is slowing and increasing autocracy will only exacerbate long-term problems. The command-and-control model of governance is inherently flawed. The drag it … Read more

Ukraine pushes West for billions in economic, military aid after Russian attacks on infrastructure

Ukraine pushes West for billions in economic, military aid after Russian attacks on infrastructure

BERLIN—Ukraine is stepping up its requests for economic and military support from the West after weeks of Russian missile-and-drone attacks on civilian infrastructure that have left the country struggling to generate enough electricity. President Volodymyr Zelensky pressed Western political and business leaders meeting in Berlin on Tuesday for more funds to rebuild his country. “Russia … Read more

China’s economy grew 3.9% in the third quarter

China’s economy grew 3.9% in the third quarter

HONG KONG – China’s economy expanded more strongly than expected in the third quarter as the country bounced back modestly from crippling Covid lockdowns in the spring, although challenges remain as leader Xi Jinping consolidates control of the political apparatus for another five years. China’s gross domestic product grew 3.9% in the three months ended … Read more

Europe’s economy is slowing as harsh winter looms

Europe’s economy is slowing as harsh winter looms

Fresh economic data points to a slowdown in global growth as higher prices and interest rates weigh on consumer demand, Europe enters a critical phase of its economic conflict with Russia and China faces headwinds. As German factories made the biggest production cuts since the early part of the pandemic due to rising costs, European … Read more