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China's exports to the U.S. fell by 34.5% in May, marking the largest decline since February 2020, while imports from the U.S. dropped over 18%, leading to a 41.55% reduction in China's trade surplus with the U.S. to $18 billion. In contrast, exports to Southeast Asia rose nearly 15%, with the EU and Africa seeing increases of 12% and over 33%, respectively. Overall, China's exports grew by 4.8% in May, despite missing expectations, while its total trade surplus increased by 25% year-on-year to $103.2 billion.
Top officials from the U.S. and China will meet in London on June 9, 2025, to address ongoing trade disputes, including critical export controls, following a preliminary agreement in Geneva. The U.S. delegation will be led by Treasury Secretary Scott Bessent, while China will be represented by Vice Premier He Lifeng. This meeting comes after a recent phone call between Presidents Trump and Xi, highlighting the complex history of U.S.-China trade relations marked by cooperation and conflict.
South Korean President Lee Jae-myung and U.S. President Donald Trump have agreed to prioritize a trade agreement, focusing on tariffs, following their first phone call since Lee's election. With trade constituting 88% of South Korea's GDP, the negotiations are critical for preserving the nation's economic progress, particularly in key export sectors like integrated circuits and automobiles. The discussions also address ongoing U.S. concerns about trade imbalances, as the bilateral goods deficit has significantly increased since the original KORUS implementation.
Japan is making progress in trade talks with the US, focusing on tariffs that could significantly impact its economy, particularly in the automotive sector. Chief negotiator Ryosei Akazawa emphasized the urgency of reaching an agreement before a 24% tariff takes effect in July, reflecting lessons from past trade confrontations. The ongoing negotiations aim for a comprehensive deal that addresses both economic and geopolitical concerns.
Japan's Prime Minister Ishiba Shigeru warned that rising interest rates could increase the government's debt-financing costs, impacting spending plans. He emphasized the importance of maintaining public and market trust in the nation's finances, given the high debt-to-GDP ratio.
Saudi banks' outstanding loans surged to SR3.13 trillion ($833.7 billion) in April, marking a 16.51% annual increase, driven primarily by corporate borrowing, which rose 22% year-on-year. This shift reflects the Kingdom's project-driven growth model, with significant demand from sectors like real estate, education, and insurance, as large national projects under Vision 2030 fuel lending needs. Despite rising interest rates, corporate borrowing remains robust, while household loan growth has slowed due to higher mortgage costs linked to SAIBOR.
If cyber crime were a nation, it would rank as the third largest economy in terms of GDP. This staggering statistic highlights the immense financial impact of cyber criminal activities on a global scale, underscoring the urgent need for enhanced cybersecurity measures.
Artha Venture Fund has achieved a portfolio valuation of five times its invested capital, positioning it among the top venture capital funds globally. This remarkable performance underscores the fund's significant impact in the investment landscape.
[Source]
Clean energy investment continues to grow despite ongoing economic uncertainty, highlighting a robust commitment to sustainable energy solutions. This trend reflects a broader shift towards prioritizing clean technologies in the face of global challenges. The rise in funding underscores the resilience of the clean energy sector.
Macro-economic Trends
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China's exports to US plummet 34.5 percent amid shifting trade dynamics
09:00 09.06.2025
us and china to engage in crucial trade talks in london
08:46 09.06.2025
South Korea and US leaders prioritize tariff negotiations for trade agreement
08:40 09.06.2025
Japan and US make headway in critical trade negotiations amid tariff concerns
07:10 09.06.2025
Japan's Prime Minister warns of rising interest rates impacting government spending plans
07:00 09.06.2025
saudi banks see record lending growth driven by corporate demand
11:53 08.06.2025
cyber crime emerges as a major global economic force
16:53 06.06.2025
Artha Venture Fund Achieves Fivefold Return on Invested Capital
06:13 06.06.2025
Japan urges US to reconsider tariffs ahead of G7 leaders summit
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clean energy investments grow amid global economic challenges
07:25 05.06.2025
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