China

International Economics

US Trade War Saps China’s Economic Momentum

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While a trade war bruised the US economy, China isn’t immune to the pain, and its leaders are growing more receptive to negotiation.

2 min read

Photo via Connor Lin / The Daily Upside

Consumer

Temu Emerges as Major Ad Client for Meta, Google

Temu is now one of the biggest ad clients for both Google and Meta, according to The Wall Street Journal and The New York Times.

1 min read
Photo by Hyunwon Jang via Unsplash

International Economics

China Shoots for 5% Growth in 2024, But It Won’t Be Easy

The country is aiming to equal its growth from last year, but national debt and a property crisis are serious obstacles.

2 min read
Photo by U.S. Secretary of Defense via CC BY 2.0

Technology

Biden Wants to Stop Foreign Spies Buying Americans’ Data

The president issued an executive order banning bulk sales of personal data to “hostile” countries like China and Russia.

2 min read

Consumer

Economic Anxiety Leaves McDonald’s Digesting Biggest Sales Drop in Five Years

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Fast-food chain McDonald’s, an economic indicator because of its mammoth global presence, posted its worst earnings report since 2020.

2 min read

Photo by Maximilian Ruther via Pexels

Industrials

Biden Executive Order Aims to Strengthen US Port Cybersecurity

The federal government fears that China-made equipment like cranes could be easy targets for cyber attacks.

2 min read
Photo via Connor Lin / The Daily Upside

Consumer

Shein and Temu’s Fast-Fashion Rivalry is Rocking the Air Freight Industry

The massive growth by both companies is crowding out other suppliers hoping to rely on cargo delivery planes.

2 min read
Photo by Michael Förtsch via Unsplash

Autos

With Too Many EVs, Chinese Carmakers Look to Foreign Markets

Demand has been slowing domestically, so Chinese companies are looking abroad to keep sales growing.

2 min read

Consumer

Starbucks Slings High-Speed Drinks in Caffeinated Comeback Plan

Photo by Hamza Inayat via Unsplash

Reducing beverage-wait times is part of Starbucks CEO Brian Niccol’s turnaround plan, which includes tech updates focused on efficiency.

2 min read

International Economics

Retailers Prep for Supply Chain Breakdown

Photo by Mick Haupt via Unsplash

To prepare for a slowdown of global trade, US retailers spent months building a massive inventory to prevent empty shelves.

2 min read

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