The Chinese government is publishing this white paper to present the achievements of the BRI during the past 10 years. It will give the international community a better understanding of the value of the initiative, facilitate high-quality cooperation under it, and ultimately deliver benefits to more...
Byline: Robert J. SamuelsonNewsweek
With an enormous market of more than 1.4 billion people, China is the world's largest goods trader, a major trading partner of over 140 countries and regions, and has the world's second-largest consumer market and import market. There is no doubt that China is a key hub of the global ...
Oil prices have broad implications for the economy and stock market because of consumer spending patterns, corporate costs and the Federal Reserve's interest rate trajectory. How the conflict could affect U.S. diplomatic efforts. Why Iran's level of involvement matters. Will oil prices rise in ...
And packaging is the largest generator of single-use plastic waste in the world. Plastic production is also one of the most energy-intensive manufacturing processes in the world. So, before a traditionally packaged parcel arrives at a consumer’s door, it has already contr...
However, the same argument could be made for any state, or even any country. Under the George W Bush administration, the US Environmental Protection Agency argued to the supreme court in 2007 that vehicular greenhouse gas emissions in the US are too small on a global scale to require ...
economy'sbalance of tradeis a comparison of the amount of money that is spent on imports of goods and services and the amount of money it earns on goods and services it exports. It is measured primarily by recording all of the products that pass through the customs office of a country. ...
Oil market participants: Hedgers and speculators Market sentiment Supply & Demand The concept of supply and demand is fairly straightforward. As demand increases (or supply decreases) the price should go up. As demand decreases (or supply increases) the price should go down. Sounds simple?
In addition to this, Russia is the leading country and one of the largest natural gas producers; for instance, approximately 45% of the natural gas in the European Union came from Russia (Pistilli 2022; Staff 2022). Therefore, in order to extend our current knowledge about the role of ...
One theory states that stagflation is caused when a sudden increase in the cost of oil reduces an economy's productive capacity. The oil crisis of the 1970s is the prime example. In October 1973, the Organization of Petroleum Exporting Countries (OPEC) issued an embargo against Western countri...