Tune in to Martin Armstrong’s discussion with Michael Campbell from Money Talks. We have entered a vortex of absolute insanity where we are experiencing deflation and inflation simultaneously — you’ll never read about this in economics books. Capital flows according to confidence. Now, the money will vote on who they have confidence in, and movements […]

ASIA: Global manufacturing activity took a big hit from supply chain bottlenecks and escalating costs, exacerbated by pandemic-induced factory shutdowns in Asia and signs of slowing Chinese growth, surveys showed on Friday. While countries where outbreaks of the Delta coronavirus variant receded saw an improvement in activity, growth shrank in some as chip shortages and supply […]

ASIA: Goldman Sachs cut China’s growth forecast to 7.8 percent this year from the previously estimated 8.2 percent, as the world’s second largest economy faces “yet another growth shock” in the form of constraints on energy consumption. The country is already battling to save Evergrande amid fears that Chinese property behemoth could turn out into […]

ASIA: China’s ambitious foreign infrastructure push has saddled poor nations with “hidden debt” worth $385 billion, and more than a third of the projects have been hit by alleged corruption scandals and protests, a study said Wednesday. Research from international development research lab AidData said that opaque deals with state banks and companies under President […]

ASIA: China remained on course to be more than 30% short of its 2021 commitments under the phase one trade deal with the United States with four months left, according to the latest analysis of trade data between the world’s two largest economies. The phase one trade deal outlined in the agreement mention that China […]

ASIA: China will likely fail in its bid to join the Comprehensive and Progressive Trans-Pacific Partnership, but its move to submit an application highlighted the lack of US economic policy in Asia-Pacific. CPTPP is an 11-nation mega-trade pact formed in 2018 after Donald Trump pulled the US out of the Trans-Pacific Partnership a year earlier. […]

ASIA: Evergrande’s debt crisis will slow down China’s economic growth, but will likely have minimal spillover on the country’s financial system, Li Daokui, a former advisor to the People’s Bank of China said in an interview to CNBC. He added that a default by Evergrande will have minimal effect on the Chinese financial system because […]

ASIA: China’s Evergrande Group dollar bondholders were still waiting for information about a key interest payment due Thursday, with some holders having given up hope of getting a coupon payment by the deadline, Reuters reported. The property developer was instead expected to provide more information in the coming month, the news agency said. Evergrande was […]

ASIA: Crisis-hit Chinese property developer Evergrande used billions of dollars raised by selling wealth management products to retail investors to plug funding gaps and even to pay back other wealth management investors, executives of the company said in a statement. Evergrande financial advisers marketed the products widely, including to homeowners in its apartment blocks, while […]

ASIA: Leaders of the United States, Japan, India and Australia will agree to take steps to build secure semiconductor supply chains when they meet in Washington next week, Reuters reported. US President Joe Biden will host a first in-person summit of leaders of the “Quad” countries, which have sought to boost cooperation to push back […]