Tag: Economic Conditions and Trends

Has Trump’s Anti-Rural Agenda Handed Democrats an Opening in Red America?

President Trump’s feckless trade war is bludgeoning the bottom line of the Republican Party’s reliable rural base. But the party’s disregard for the economic interests of its own constituents goes well beyond barriers to Chinese markets. Small towns and rural areas, along with some Rust Belt metros, are falling ever further behind booming urban dynamos […]

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Trump Administration Could Blacklist Chinese Surveillance Technology Firm

WASHINGTON — The Trump administration is considering limits to a Chinese video surveillance giant’s ability to buy American technology, people familiar with the matter said, the latest attempt to counter Beijing’s global economic ambitions. The move would effectively place the company, Hikvision, on a United States blacklist. It also would mark the first time the […]

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China Deserves Donald Trump

A U.S. businessman friend of mine who works in China remarked to me recently that Donald Trump is not the American president America deserves, but he sure is the American president China deserves. Trump’s instinct that America needs to rebalance its trade relationship with Beijing — before China gets too big to compromise — is […]

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Nurse Hitchhikes to Help Girl Whose Photo Drew Attention to Hunger in Venezuela

CARACAS, Venezuela — When an image of the young Venezuelan girl first began to circulate last week, the reaction was almost instantaneous. She is 2 years old, but malnutrition and untreated illness have wasted her body back to a state of virtual infancy. She spends her day on her back in her family’s dilapidated hut. […]

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Australia’s China Challenge

SYDNEY, Australia — In a gold-curtained meeting room in Sydney, the Chinese consul general appealed to a closed-door gathering of about 100 people, all of them Australian residents and citizens of Chinese ancestry. He called on the group to help shape public opinion during a coming visit of China’s prime minister, Li Keqiang, in part […]

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In a Surprise, Japan’s Economy Grew in the First Quarter, Despite a Slowdown in China

TOKYO — Japan reported a surprising economic upswing in the first three months of the year, but the sunny figures belied continuing weaknesses that threaten the country’s prospects. Japan’s economy, the third largest in the world behind the United States and China, grew at an annualized rate of 2.1 percent in the first quarter of […]

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I Wanted Ronald Reagan. India Kept Electing Bernie Sanders.

Like many global investors I am leery of big government. But I did not come to this view on Wall Street. It came to me growing up in India, watching lives ruined by the broken state, including the public hospital that hastened the death of my grandfather by assigning an untrained night aide to attempt […]

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Abortion Fight or Strong Economy? For G.O.P., Cultural Issues Undercut 2020 Message

WASHINGTON — The unemployment rate is at a 50-year low, companies are adding jobs and the gross domestic product grew by 3.2 percent in the first quarter, undercutting predictions of a coming recession. Yet for all that political upside, Republicans demonstrated repeatedly last week that they were not positioning themselves to wage the 2020 election […]

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Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say

MARACAIBO, Venezuela — Zimbabwe’s collapse under Robert Mugabe. The fall of the Soviet Union. Cuba’s disastrous unraveling in the 1990s. The crumbling of Venezuela’s economy has now outpaced them all. Venezuela’s fall is the single largest economic collapse outside of war in at least 45 years, economists say. “It’s really hard to think of a […]

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Modi Promised Better Days and Bridges. India’s Voters Are Still Waiting.

LUNSU VILLAGE, India — Across the Kangra Valley, in the hills below the snow-capped peaks of the Himalayas, the promise of a modern railway reverberated like the beginning of something vital — access to jobs, hospitals, universities, and shops. Many villages were connected to the rest of the country by rutted dirt roads and a […]

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The Global Economy Was Improving. Then the Fighting Resumed.

LONDON — In ordinary times, worries about the health of the global economy tend to prompt leaders of the largest countries to join forces in pursuit of safety. These are not ordinary times. The biggest threat to global fortunes has become the intensifying conflict between the two largest economies on earth, the United States and […]

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The New New World: In China, Some Fear the End of ‘Chimerica’

Wu Shichun is one of countless Chinese entrepreneurs who over the past four decades have prospered from access to American customers and money. Today, as the American government threatens to take that away, the serial entrepreneur and venture capital investor is fundamentally rethinking how he does business. One of his portfolio companies designs and makes […]

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Modi Cut India’s Red Tape. Now He Hopes to Win Votes for His Work.

MUMBAI — A jeans maker saw his delivery costs cut by half when highway police stopped asking for bribes. An aluminum wire factory faced only three inspectors rather than 12 to keep its licenses. Big companies like Corning, the American fiber-optic cable business, found they could wield a new bankruptcy law to demand customers pay […]

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Stocks Stabilize as U.S.-China Trade War Enters New Stage

Financial markets showed signs of stabilizing on Tuesday, one day after China’s retaliatory tariffs against imports from the United States rattled Wall Street. Still, China’s public comments suggested the uncertainty is far from over. Asian markets fell broadly but more modestly than Wall Street. European markets opened somewhat higher. Futures markets were predicting that Wall […]

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China Retaliates Against the U.S. With Its Own Higher Tariffs

BEIJING — China’s finance ministry announced on Monday evening that it was raising tariffs on a wide range of American goods to 20 percent or 25 percent from 10 percent, in the first Chinese move to retaliate over President Trump’s broader increase in tariffs on Chinese goods last Friday. But the finance ministry delayed the […]

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Trump’s Trade War Escalation Will Exact Economic Pain, Adviser Says

WASHINGTON — President Trump’s chief economic adviser said on Sunday that American consumers would bear some pain from the escalating trade war with China, contradicting Mr. Trump’s claim that his tariffs are a multibillion-dollar, mostly one-way payment by China to the American Treasury. The comments from Larry Kudlow, the director of the National Economic Council, […]

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Pakistan Says Separatists Killed 5 in Attack on Luxury Hotel

ISLAMABAD, Pakistan — Pakistan’s military said Sunday that five people, including a navy sailor, were killed in an assault by gunmen on a luxury hotel frequently used by Chinese guests and high-ranking officials in southwestern Pakistan a day earlier. A separatist group claimed responsibility and vowed more attacks against Chinese interests in the country. On […]

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Australia and the U.S. Are Old Allies. China’s Rise Changes the Equation.

ImageA vineyard in Western Australia. Many winemakers in Australia are changing the kind of wines they grow to appeal to the Chinese export market, which has grown rapidly in recent years.CreditFrances Andrijich for The New York Times SYDNEY, Australia — To understand why the Trump administration has struggled to build a global coalition of allies […]

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