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US economy grows at solid 2.8% pace November 1, 2024
The United States economy grew at a healthy 2.8 per cent annual rate from July through September, with consumers helping to drive growth despite the weight of still-high interest rates. Wednesday’s report from the Commerce Department said the gross...
Bolton and Huang | Is China facing a deflationary trap? November 1, 2024
About two years ago, in the aftermath of the COVID-19 pandemic, China’s economy hit a roadblock. As all sectors underwent deleveraging, economic growth slowed, household savings rates increased, and businesses scaled back their investments and...
EFresh looks to supermarkets for improved profit margins November 1, 2024
Imported food supplier Everything Fresh Limited says a greater percentage of its profits in the immediate future will likely come from sales to supermarket chains rather than supplies to hotels, which make up most of the company’s revenue. The...