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Economy asian news

Joe Biden - Karen Gilchrist - Katherine Tai - Karen Tso - Valdis Dombrovskis - Top EU official warns on 'weaponization of trade' as tensions ramp up between the U.S. and China - cnbc.com - China - Eu - Italy - state Pennsylvania

Top EU official warns on 'weaponization of trade' as tensions ramp up between the U.S. and China

The European Union's trade chief on Wednesday warned against the "weaponization" of trade amid the latest ratcheting up of tensions between the U.S. and China.

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Karen Gilchrist - High company valuations a 'worry,' IMF's capital markets chief says - cnbc.com - Washington

High company valuations a 'worry,' IMF's capital markets chief says

High corporate valuations could pose a significant risk to financial stability as market optimism becomes untethered from fundamentals, the IMF's director of the Monetary and Capital Markets Department said Tuesday.

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Holly Ellyatt - Reuters - Russia is expected to grow faster than all advanced economies this year - cnbc.com - Japan - Canada - France - China - Russia - India - Washington - Ukraine - Germany -  Sanction

Russia is expected to grow faster than all advanced economies this year

Russia's economy is expected to grow faster than all advanced economies this year, according to the International Monetary Fund.

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Katherine Tai - Lael Brainard - Biden to Call for Tripling Tariffs on Chinese Steel Products - nytimes.com - China - Usa -  Beijing - Mexico - county Union

Biden to Call for Tripling Tariffs on Chinese Steel Products

President Biden on Wednesday will call on his trade representative to more than triple some tariffs on steel and aluminum products from China, as part of a series of moves meant to help cushion American manufacturers from a surge of low-cost imports.

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Xi Jinping - William Pesek - Can China - As yen sinks, Japan must avoid goading China into a currency war - scmp.com - Japan - China - Usa - Philippines -  Beijing - Indonesia - Thailand - Malaysia - South Korea - Turkey - Argentina

As yen sinks, Japan must avoid goading China into a currency war

And President Xi Jinping might conclude that the yen’s drop affords China the geopolitical cover to engineer a weaker yuan.

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Manasseh Sogavare - Solomon Islanders cast votes in an election that will shape relations with China - apnews.com - China - Taiwan - Usa - Russia -  Beijing, Taiwan - Solomon Islands

Solomon Islanders cast votes in an election that will shape relations with China

HONIARA, Solomon Islands (AP) — Voting began across the Solomon Islands on Wednesday in the South Pacific nation’s first general election since the government switched diplomatic allegiances from Taiwan to Beijing and struck a secret security pact that has raised fears of the Chinese navy gaining a foothold in the region.

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Karen Gilchrist - IMF upgrades global growth forecast as economy proves 'surprisingly resilient' despite downside risks - cnbc.com - China

IMF upgrades global growth forecast as economy proves 'surprisingly resilient' despite downside risks

The International Monetary Fund on Tuesday slightly raised its global growth forecast, saying the economy had proven "surprisingly resilient" despite inflationary pressures and monetary policy shifts.

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Keith Bradsher - Olaf Scholz - Justin Porter - Wednesday - Wednesday Briefing: China’s Economy Grew Faster Than Expected - nytimes.com - China - Russia -  Beijing - Germany

Wednesday Briefing: China’s Economy Grew Faster Than Expected

China’s National Bureau of Statistics said yesterday that the economy grew 1.6 percent in the first quarter over the previous three months, despite a severe real estate crisis and sluggish spending at home. When projected out for the entire year, the first-quarter data indicates that the economy was growing at an annual rate of about 6.6 percent. China had set a growth target of about 5 percent for the year, a goal that many economists viewed as ambitious.

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