China’s Trade Deficit – China experienced its first quarterly trade deficit in seven years during Q1 of this year. That being said, the country is still expected to have a trade surplus in the neighborhood of $250 billion by year’s end. A weak February and rising...
Chinese New Year Alters Trade Stats – This year’s Chinese (Lunar) New Year landed on February 3rd; however, this date can range from late January to early February. A rush of shipments normally precedes the holiday as manufacturers ramp up production to ship their...
The Port of Hong Kong is one of the largest import and export container ports in Asia. The port’s geographic location makes it an ideal economic gateway to mainland China. Sheltered by Victoria Harbor, its deep waters provide excellent conditions for a large variety...
The Port of Shanghai has been one of the world’s most active international trade hubs for over a century. However, it was not until China allowed for economic reform in the early 90’s, that the port was able to flourish and reach its current success. In 2010, the Port...
Libya Unrest and Oil Prices – Unrest in Libya has led to concerns as the world’s 12th-largest supplier of oil future is seen as uncertain. In the wake of the Egyptian revolution, economists are watching this situation closely and its effect on the Middle East. Learn...
Pirate Gets 34 Years for Hijacking – Abduwali Muse was sentenced to 34 years in prison for his role in the 2009 hijacking of the Maersk Alabama off the coast of Somalia. The ship’s captain, Richard Phillips, was taken hostage and a standoff lasted 5 days until U.S....
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