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Global Trade & Economics: Page 208

China Stops Releasing Daily COVID Data as Accuracy Questioned

As many as 248 million people, or nearly 18% of the population, likely contracted the virus in the first 20 days of December.

Photo: Bloomberg

Toyota Hits Record November Output, But Shortages Loom

The world’s No. 1 automaker produced 833,104 vehicles last month, an increase of 1.5% from a year earlier.

Photo: Bloomberg

China to Cut Quarantine for Overseas Travelers From Next Month

The government's quick roll-back of pandemic-related restrictions has confused experts and triggered concerns that a still relatively low rate of vaccination among the elderly will lead to high numbers of deaths.

Photo: Bloomberg

U.K. Economy Shrank More Than Previously Thought

The U.K. is forecast to fall into recession in the final three months of the year as soaring prices hit growth.

Photo: iStock.com/sefa ozel

Taiwan Export Orders Flash Warning Signal for Global Economy

Taiwan’s orders for all major product categories fell, with optical products, plastics and basic metals registering the biggest contractions.

Photo: Bloomberg

Exxon Is Avoiding Tankers That Previously Transported Russian Oil

Moves by big firms such as Exxon and Shell are increasing the pressure on owners to choose between serving Russian and non-Russian interests.

Photo: Bloomberg

China Calls on Local Manufacturers to Protect Nation’s Role as The World’s Factory

China is expressing concern as Apple diversifies its supply chain away from production there.

Photo: iStock.com/hapabapa

EU Energy Ministers Reach Agreement on Gas Price Cap

The compromise persuaded Germany, the EU’s biggest gas consumer but a sceptic over price caps, to back the plans.

Photo: iStock.com/Leestat

Vietnam Boots U.K. Out of Top Seven U.S. Trading Partners

Vietnam didn’t appear in the bureau’s top-15 list until 2019, and it has climbed ever since, ending last year at No. 10.

Photo: iStock/Rat0007

Biden’s China Tech Crackdown Leaves Xi With Few Ways to Hit Back

Beijing is preparing to unleash a $143 billion aid package for its chip industry, but it’s not clear how much impact this will have, given the mixed results from the tens of billions that China has already funneled into the sector.

Photo: iStock.com/Dilok Klaisataporn

U.S. Container Imports Are Plummeting at Year End

The first reports from gateways on both coasts suggest container imports turned sharply downward last month.

Port Of Charleston Old

Commodity Shippers Nearing Insurance Cliff for Vessels to Russia

If the big reinsurers do ultimately stop covering Russia and Ukraine marine business, shipowners might turn to insurance from Chinese or Turkish firms.

Photo: iStock.com/Konoplytska

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