China’s stockpiling of crude and diversification of supply suggest the ability to weather an approximately four-month cut from oil moving through the Strait of Hormuz. … READ MORE >
China
The U.S. may see another supply whipsaw amid transport logjams
The months-long lockdown in Shanghai, China’s most populous city and home to the world’s largest container port, is causing a pile-up of ships at anchor off the Chinese coast. Factory shutdowns and the reduced flow of goods from the city’s port will cause another jolt to U.S. supply chain in the weeks and months to come.
The predictable knock-on effects of the Shanghai lockdown–while far from a total supply disruption akin to that of the early days of the pandemic—will certainly sustain or worsen supply shortages and sustain worldwide inflation. … READ MORE >
This week in energy: Global shortage, Canada fossil fuels, Northam conference hot topics
In this week’s energy industry analysis, we take a look at the continuing global energy crunch, what the increased demand for fossil fuels means for Canada, and highlights from the Northam Energy Capital Assembly conference. … READ MORE >
China reacts to energy crunch with coal price reform
The global energy crunch continues and all eyes are on China—the world’s largest energy exporter—as the country grapples with ongoing shortages and their ripple effect across the nation’s economy and key commodities, especially metals crucial in the manufacturing sector. … READ MORE >
China’s economic power: You may not like it, but you cannot ignore it
China’s importance in global trade continues to grow, and so many countries have become dependent on China that global economies do not have the option of ignoring it. … READ MORE >
What’s the latest in U.S.-China trade?
The Regional Comprehensive Economic Partnership is one of the latest developments in the ongoing battle for economic dominance between China and the United States. … READ MORE >
Coronavirus impact on the consumer products ecosystem
In a very short period of time, the COVID-19 outbreak has had a significant impact on economies throughout the world and across all industries and sectors. The earliest stages of the U.S. consumer supply chain are heavily dependent upon China.
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For apparel industry, optimism over China trade deal gives way to concerns over virus outbreak
When middle market fashion and apparel leaders weighed moving production from China after the onset of tariffs in the second half of 2019, a global virus outbreak probably wasn’t part of the equation. … READ MORE >
Economics of a global health crisis
Global economic markets’ reaction to China’s coronavirus has been severe, resulting in a significant safe haven move into U.S. government securities by international investors. Whether the virus has a lasting impact on the broader global economy depends largely on the ability of the world’s major governments to effectively deploy resources to contain the outbreak. … READ MORE >
Trade war takes dangerous turn toward currency wars: What could happen next?
Chinese fiscal and monetary authorities permitted the yuan early this week to slip below the important psychological level of 7 to the dollar for the first time since 2008. It was a retaliatory measure by China against President Trump’s threat to impose an additional 10% tariff on $300 billion in Chinese exports, beginning Sept. 1. The Chinese government also ordered a halt to all purchases of U.S. crops. … READ MORE >