China’s economy loses steam as COVID-19 erupts, cuts rates

China’s Q4 GDP grows 4.0% yoy vs. 3.6% expected in a Reuters poll China’s GDP in 2021 grows 8.1% vs. 8.0% forecast December factory output growth picks up, retail sales disappoint BEIJING, Jan 17 (Reuters) – China’s economy rebounded in 2021 from its pandemic-induced slump, helped by strong exports, but weak consumption late in the … Read more

China’s birth rate drops to record low in 2021

Children play at a playground inside a shopping complex in Shanghai, China June 1, 2021. REUTERS/Aly Song Sign up now for FREE unlimited access to Check in BEIJING, Jan 17 (Reuters) – Mainland China’s birth rate fell to a record low of 7.52 per 1,000 people in 2021, data from the National Bureau of … Read more

U.S. grocery shortages deepen as pandemic dries supplies

Jan 14 (Reuters) – High demand for groceries combined with high freight costs and Omicron-related labor shortages are creating a new round of delays at processed food and fresh produce companies, leading to empty supermarket shelves at major US retailers. Producers of perishables across the West Coast are paying nearly triple pre-pandemic freight rates to … Read more