China

If Biden’s economy was ‘strong’, trading partners would not de-dollarize

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The 50-year petrodollar agreement between the United States and Saudi Arabia that designated the US dollar as the global trade currency for oil sales ended on June 9. The US dollar was essentially the “gold standard” of global oil trade. Now that is no more, renewing concerns about “de-dollarization” and the future of the US … Read more

China’s industrial production, housing sector slow its recovery

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China's industrial production, housing sector slow its recovery

China’s housing market continues to face challenges as the country aims to restore its economy to pre-pandemic levels. The latest industrial production data from China showed that industrial production growth slowed to 5.6% in May, down more than 1% from the previous month’s figure. Seana Smith and Madison Mills of Yahoo Finance break down the … Read more