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China’s exports fell in March by 7.5% year-on-year, although the fall was mainly due to base effect: Chinese exports spiked in March 2023, so the comparison is distorted by the exceptionally high level of the year-earlier month. In RMB terms, China’s exports continue to follow a rising trend after the big jump between 2019 and 2023.
Inflation that peaked at 18% and remains above 8% explains disastrous polling results for President Biden – especially in seven key swing states where Biden has lost support in every demographic segment, notably among minority men.
Somewhere last weekend a few dozen former Cabinet members, senior military officers, academics and think tank analysts met to evaluate the world military situation.
This article is published here as a preview of the week’s Global Risk-Reward Monitor.
(Note: This report is a preview of the Asia Times Global Risk/Reward Monitor issue of March 13, 2024.)
Poland’s Foreign Minister Radoslaw “Radek” Sikorsky raised eyebrows last week by tweeting, “The presence of #NATO forces in Ukraine is not unthinkable. I appreciate the President Emmanuel Macron’s initiative, because it is about Putin being afraid, not us being afraid of Putin.”
Gold continued to break price records on Friday, trading at US$2,183 an ounce at mid-afternoon, following a more dramatic rally in Bitcoin. Gold led Bitcoin in 2020 and 2021, during the Covid crisis. This time Bitcoin clearly led gold, suggesting that investors have more confidence in the high-tech alternative to the dollar.