Day: January 27, 2024

On one hand, inflation numbers continue to surprise to the downside. The Fed’s preferred gauge decelerated to 2.9 per cent in December, crossing below 3 per cent for the first time since early 2021, according to data published Friday. Hong Kong economy, property market eagerly await lower rates next year On the other, consumer spending continues to be surprisingly robust. It’s undoubtedly getting a boost from the downdraft in inflation, but the strength still may keep some worried that price pressures could mount once again. Fed decision aside, we’ll get…

Trump 2024 campaign more disciplined than earlier White House runs Observers said that if Trump returned to the White House, his approach may be very different compared with his first term, where he remained on good terms with Tsai’s government. “The times and US-[China] relations have all changed from the period of 2016-2020,” said Alexander Huang, a professor of international relations and strategic studies at Tamkang University in New Taipei City. However, he did not alter the long-term US policy, which does not officially recognise the island as independent but…

After comparing the KWQ with four major European maps of the 16th century, Wang concluded that the KWQ was not a map of European origin, but rather sourced from Chinese maps drawn by Ming dynasty (1368-1644) explorers – the massive “Treasure Fleet” led by admiral Zheng He. “Although the extent of his expeditions is still under debate, most scholars agree that his mariners reached Africa during their fifth to seventh voyages,” Wang wrote. Wang’s analysis led her to conclude that Chinese explorers had reached the Americas before Christopher Columbus. Academic…