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Tag: economic news

  • China’s Economy Expands at Slowest Pace in a Year

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    SINGAPORE—China said economic momentum decelerated to its slowest pace in a year, putting Beijing on alert in the midst of hardball trade negotiations with the U.S.

    China said its gross domestic product expanded 4.8% in the third quarter of 2025 compared with a year earlier, down from 5.2% growth in the second quarter. Over the first nine months of the year, China’s economy expanded 5.2% from the year-earlier period, according to the National Bureau of Statistics. That means that Beijing is largely on track to hit its official target of around 5.0% growth for 2025.

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    [ad_2] Hannah Miao
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  • A New Challenge for China’s Economy: ‘Involution’

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    Beijing is fighting to limit the damage from a pattern of price wars and excess capacity across multiple industries.

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    Hannah Miao

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  • Opinion | Allies United Against China on Rare Earths

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    Treasury Secretary Scott Bessent said Wednesday he plans to coordinate with allies to counter China’s weaponization of rare-earth minerals. It’s the right move, though he might find it easier to rally the world if President Trump weren’t also hitting our allies with unprovoked unilateral tariffs.

    Mr. Bessent earlier in the week accused Beijing of pointing “a bazooka at the supply chains and the industrial base of the entire free world,” by threatening global export controls on products that contain even minuscule amounts of Chinese rare earths. He’s right. China has a stranglehold on these minerals, and it’s a serious problem.

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    The Editorial Board

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  • Milei’s Radical Overhaul of Argentina Meets Its Match in the Humble Peso

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    BUENOS AIRES—When he ran for president of Argentina, Javier Milei compared the country’s currency to excrement, telling Argentines to forget the peso and vowing to scrap it altogether.

    Now Milei’s government is using its precious few reserves of American dollars to buy pesos and prop up their value, a stark departure from his free-market overhaul of the country’s economy. And he is asking for billions of dollars from the Trump administration to keep the peso from sliding.

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    [ad_2] Ryan Dubé
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  • China’s Deflationary Pressures Ease Slightly

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    China’s downward price pressures eased slightly in September, but not quite as much as expected, as Beijing ramps up efforts to curb excess capacity and bolster domestic demand.

    Data showing continued deflationary pressure in China comes as Premier Li Qiang renewed calls to double down on efforts to boost consumption, and crack down on pricing competition among businesses.

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  • China, Betting It Can Win a Trade War, Is Playing Hardball With Trump

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    In its trade standoff with Washington, Beijing thinks it has found America’s Achilles’ heel: President Trump’s fixation on the stock market.

    China’s leader, Xi Jinping, is betting that the U.S. economy can’t absorb a prolonged trade conflict with the world’s second-largest economy, according to people close to Beijing’s decision-making. China is holding a firm line because of its conviction, the people said, that an escalating trade war will tank markets, as it did in April after Trump announced his so-called Liberation Day tariffs, prompting Beijing to hit back.

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    Lingling Wei

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  • China Adds Hanwha Ocean’s Units to Sanctions List

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    Hanwha Ocean’s 042660 -5.76%decrease; red down pointing triangle shares slid Tuesday after Beijing added five of the South Korean shipbuilder’s subsidiaries to a sanctions list over their alleged role in a U.S. probe into the Chinese shipping industry.

    The stock plunged as much as 9% before paring losses. It closed 5.8% lower at 103,100 won, equivalent to $72.28, compared with the benchmark Kospi’s 0.6% fall.

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    Kwanwoo Jun

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  • How China and the U.S. Are Racing to De-Escalate the Trade War

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    President Trump is trying to publicly de-escalate tensions with China to soothe markets while privately keeping up pressure on Beijing—a difficult balancing act that is being closely watched by Wall Street.

    After threatening additional 100% tariffs on Chinese imports starting Nov. 1, Trump in recent days spoke with senior officials, including Treasury Secretary Scott Bessent, about sending a message to the world that the U.S. wants to de-escalate trade tensions with China, according to people familiar with the matter.

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    Brian Schwartz

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  • Opinion | Europe Joins the Steel Tariff Game

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    A feature of the Trump era is that while foreign governments object to the American President’s protectionism, in practice they often jump at the opportunity to join him in imposing tariffs. Witness the new levies the European Union proposed on imported steel last week.

    Brussels plans to cut in half the volume of steel allowed to enter the EU tariff-free each year, to 18.3 million tons. For imports above that level, the tariff rate will rise to 50% from 25%. This is a gift to struggling European steel makers that have long begged for protection.

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    The Editorial Board

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  • China’s Exports Rise at Fastest Pace in Six Months Despite U.S. Tariffs

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    China’s exports rose at the fastest pace in six months in September, beating market expectations and underscoring the sector’s continued role as a key growth driver for the world’s second-largest economy.

    Outbound shipments rose 8.3% from a year earlier, accelerating from August’s 4.4% increase and exceeding the 6.0% growth forecast by economists in a Wall Street Journal poll, according to data released Monday by the General Administration of Customs.

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  • As Russian Aggression Turns West, Poland Says It’s Ready

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    By

    Thomas Grove

    and

    Karolina Jeznach

    | Photography by Maciek Nabrdalik for WSJ

    WARSAW—For more than a decade, Poland has prepared for the worst-case scenario: becoming the front line in a war between Russia and the West.

    With an eye on growing Russian aggression in Europe, Warsaw’s military planners built out the country’s armed forces, turning it last year into the largest European military in the North Atlantic Treaty Organization. It ramped up military spending to 4.7% of gross domestic product this year—the highest in the alliance. A multibillion-dollar spending spree has put Poland among the biggest buyers of U.S. weapons.

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    Thomas Grove

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  • Trump’s Fresh Tariff Assault Threatens China’s Fragile Economy

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    Beijing was already seeing growth slow before Trump announced the latest 100% tariff increase, part of a trade-war flare-up that China has blamed on the U.S.

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    Hannah Miao

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  • Four Things to Know About Beijing’s Rare-Earths Bombshell

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    Ahead of a potential meeting between President Trump and Chinese leader Xi Jinping, Beijing dropped a bombshell: China was further restricting access to the supplies that American companies need for computer chips, cars and other technology. The move gives China leverage ahead of expected trade talks with Washington.

    Here’s what to know.

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    Stu Woo

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  • China’s Rare-Earth Escalation Threatens Trade Talks—and the Global Economy

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    China’s newest restrictions on rare-earth materials would mark a nearly unprecedented export control that stands to disrupt the global economy, giving Beijing more leverage in trade negotiations and ratcheting up pressure on the Trump administration to respond.

    The rule, put out Thursday by China’s Commerce Ministry, is viewed as an escalation in the U.S.-China trade fight because it threatens the supply chain for semiconductors. Chips are the lifeblood of the economy, powering phones, computers and data centers needed to train artificial-intelligence models. The rule also would affect cars, solar panels and the equipment for making chips and other products, limiting the ability of other countries to support their own industries. China produces roughly 90% of the world’s rare-earth materials.

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    Amrith Ramkumar

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  • Opinion | Ukraine is Starving Russia of Oil

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    Ukrainian President Volodymyr Zelensky has labeled his military’s strikes on Russia’s oil infrastructure “the most effective sanctions.” Meanwhile, reports indicate that alongside urging Europe and India to halt purchases of Russian oil, Washington plans to share additional intelligence with Ukraine on Russian refineries, pipelines and other energy infrastructure.

    Most discussions about these “sanctions” have focused on their financial implications for Russia. Vladimir Putin relies heavily on corruption and patronage, with oil and gas serving as key revenue streams. Disrupting the flow could force Mr. Putin to choose between sustaining the war and maintaining the payouts to oligarchs and citizens that secure his political backing—though such an economic squeeze would take some time.

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    Michael Bohnert

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  • U.K. Public Borrowing Estimate Cut by $4 Billion Over Tax Data Error

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    The U.K.’s troubled statistics office cut its estimate for net government borrowing by 3 billion pounds ($4.03 billion), a further setback for the agency that has faced criticism from the Bank of England and lawmakers.

    The Office for National Statistics said the U.K. government’s tax authority, HM Revenue and Customs, informed it of an error in value-added tax receipts data it supplied to the data agency.

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    Ed Frankl

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  • Opinion | The World’s Worst Job Is in France

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    Where do they think they are—Italy? France on Monday lost another Prime Minister—the fifth in two years—as Paris burns through senior political leaders at the pace you used to see in Rome. Don’t expect the revolving door to slow down any time soon.

    The latest victim of political dysfunction à la française is Sébastien Lecornu, who quit after less than a month as PM. He’d come into office promising a “profound break” with the gridlock of the recent past. Then this weekend he introduced a new cabinet stacked with politicians associated with unpopular President Emmanuel Macron. The backlash in the obstreperous legislature prompted his resignation a day later.

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    The Editorial Board

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  • Opinion | Pacific Allies Need U.S. Support

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    By

    Roger Wicker

    and

    Deb Fischer

    We set out across the Indo-Pacific in August to assess U.S. military readiness and consult with allies. In the Philippines, Palau and Taiwan, we found partners determined to resist Chinese coercion and willing to share the burden.

    In Taiwan we spoke with President Lai Ching-tse and senior officials. They understand the gravity of the threat and are responding with urgency to meet it. Mr. Lai has committed to increasing defense spending and mobilizing the public behind a resilience plan.

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    Roger Wicker

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  • French Inflation Picks Up Pace as ECB Looks Likely to Keep Rates in Place

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    Annual inflation picked up pace in France at the end of the summer, despite a political stalemate holding back economic activity, as the European Central Bank looks likely to keep interest rates untouched.

    Consumer prices rose 1.1% on year this month, EU-harmonized figures published by the country’s statistics authority showed Tuesday. That was a little less than economists had expected and keeps the rate below the 2% level targeted by the ECB, but nonetheless marks an increase to the fastest rate of annual inflation since the beginning of the year.

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    Joshua Kirby

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  • Exclusive | Why U.S.’s Trade Pact With South Korea Has Gotten Messier

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    President Trump’s trade deal with South Korea is on shaky ground, with Commerce Secretary Howard Lutnick taking a tough line in talks as some Seoul officials privately argue to allies that the White House is moving the goal posts.

    Lutnick, in recent conversations with South Korean officials, has discussed with Seoul the idea of slightly increasing the $350 billion they had previously guaranteed to the U.S. in July and suggested the final tally could get a bit closer to the $550 billion pledged by Japan, according to people familiar with the discussions, including an adviser to South Korea’s government.

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    Brian Schwartz

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