After repeatedly churning out disappointing economic data, banks are slashing China’s growth outlook for 2023. Many economists now say the modest 5% growth target China set in March is now at risk, with JPMorgan Chase cutting its estimate to 4.8% and Barclays going down to 4.5%. The world’s second-largest economy cut two key policy rates…

Analysts are raising concerns about deflationary trends in China’s economy. Joe Biden, in fact, called the world’s second-largest economy a “ticking time bomb.” Recent data indicates a decline in consumer and producer prices for China in July. This is the first time since November 2020, when the COVID-19 pandemic was at its peak, that both…

Core inflation is cooling. Job growth is up, business investment is rising. There’s good economic news out there but the question is: Who gets the credit? President Biden is pointing to “Bidenomics” — his strategy of growing the economy “from the middle out and bottom up,” a departure from President Reagan’s “trickle-down” economics. Republicans like…

Border Patrol agents have seen an increase in the number of Chinese nationals illegally crossing the border this year. Agents apprehended 33,409 Chinese immigrants trying to enter the country illegally from October to June; that’s already higher than the 27,756 apprehensions for all of fiscal year 2022.  Here’s a look at the statistics: Fiscal year…

On Aug. 4, Ukraine used sea drones to attack a Russian naval base near the Black Sea port of Novorossiysk, a major hub for Russian oil exports. A Ukrainian intelligence source said a Russian Navy ship with around 100 servicemen on board was damaged. The attack could signal that Ukraine is trying to take the fight to…