Exclusive: China readying $143 billion package for its chip firms in face of U.S. curbs
China is working on a more than 1 trillion yuan ($143 billion) support package for its semiconductor industry, three sources said, in a major step towards self sufficiency in chips and to counter U.S. moves aimed at slowing its technological advances.
Exclusive: German economy ministry reviews measures to curb China business
Germany’s economy ministry is considering a raft of measures to make business with China less attractive as it seeks to reduce its dependency on Asia’s economic superpower, two people familiar with the matter told Reuters.
USTR says new trade tools needed to fight China state-led trade
The United States needs to pursue new strategies and update its domestic trade tools to deal with China’s “state-led, non-market policies and practices”, the U.S. Trade Representative’s office said on Wednesday in a new assessment report.
In a time of rising inflation, tourism could be Turkey’s rescue
Turkey’s annual inflation rate has reached a 20-year high of 48.7%, according to government figures released last week. Turkey’s social and economic progress has been outstanding since the 2000s, resulting in increasing employment and earnings and elevating the country to an upper-middle-income status. Turkey increasingly urbanized throughout this time, maintaining strong macroeconomic and fiscal policy […]
