Sunfiber has helped reverse some of the economic hardship here. Two production lines run 24 hours a day. They employ about 200 U.S. staff and about 20 Chinese employees.
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Many are anxious the clash with Russia could easily spiral out of control, dragging more countries into direct confrontation with the world’s largest nuclear force.
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People around the world have mixed reactions about Elon Musk buying Twitter. Find out more.
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The COVID-19 pandemic has spurred demand for outdoor experiences and lodging. Hotels offering a stay in a yurt are seeing a rise in interest and revenue.
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A new Chinese platform for short videos is gaining popularity Latin America recently. Learn more.
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The San Francisco Bay Area regularly tops the list as one of America’s most expensive housing markets.
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Brazil is seeing a spike in E-Bike sales, as more people turn to electric-powered vehicle.
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The COVID-19 pandemic hit many industries hard. Among them, is the aerospace industry – which includes commercial airliners and space rockets.
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Real estate experts say, for many people, the coronavirus pandemic triggered a desire to change their lifestyles.
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Housing bubble: it’s a phrase that can make new home buyers break into a cold sweat – especially in this market.
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By reaching a new deal with IMF on Friday, Argentina’s government now hopes for much-needed economic stability, but challenges remain. Find out more.
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Thousands of gamers arrived in San Francisco for the first in-person Game Developers Conference in two years. Find out more.
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The U.S. has reinstated an exclusion on some 352 tariffs on Chinese imports from bicycles to binoculars into the U.S. Find out more.
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It’s a highly visual and interactive experience that looks at the impacts of climate change and provides simple steps every single one of us can take to tackle the problem.
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See how Chinese electric vehicle companies are targeting South American market expansion.
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As U.S. interest rates go up, they’ll likely also impact emerging markets. Most countries are recovering more slowly from the pandemic than the U.S. So the rate move further complicates a difficult economic environment for many nations.
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The conflict between Russia and Ukraine threatens to cost the global economy about $1 trillion in lost output this year, the IMF warns. The Fund has already downgraded growth for major economies.
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Global Business will take a closer look at the Federal Reserve and bid to keep the economy on a growth track in a special five-part series.
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The effect of Western sanctions on Russia has rippled across the world as the global economy struggles to recover from the COVID-19 pandemic. Cuba has been harder hit than most countries because of its dependence on Russia.
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Americans feel the pinch of the U.S. cutting off purchases of Russian oil. Due to higher taxes, environmental laws, and location, California’s gas is the highest in America. Government officials is looking for ways to provide relief.
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See why interest rates have such a profound impact on the stock market.
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Prices at the gas pump are likely to skyrocket even more in the U.S. as President Joe Biden institutes a ban on all Russian energy imports. See the latest.
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The Venezuela government recently increased payments to pensioners from an average of $2 a month to nearly $30. But that’s not enough for older women, especially those without jobs.
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See how COVID has changed the fitness equipment industry in the U.S.
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Russian actions in Ukraine have triggered an unprecedented number of companies to withdraw from Russia.
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A new world ranking says Colombians show a high level of entrepreneurial spirit.
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On his first visit to the factory on Tuesday, the Chinese Ambassador to the U.S., Qin Gang, took his time to speak to employees about their experience working for the company.
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Federal Reserve Chair Jerome Powell testified before lawmakers about financial conditions.
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U.S. President Joe Biden will deliver his first State of the Union speech this Tuesday amid arguably the most dangerous geopolitical climate for decades. Russia’s attack on Ukraine has sent shockwaves across the globe, raising questions about what it means for stability and the international […]
Read More...Americans are increasingly turning to cryptocurrency. Is cryptocurrency safe? Find out more.
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See how the Russia-Ukraine conflict is affecting the global economy.
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You’ve heard of recycling but what about upcycling? It’s becoming a buzzword in the food industry, referring to giving value to foods and food products you would normally throw away. This applies to things like banana peels, avocado pits and days-old bread. CGTN’s Frances Kuo […]
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As countries around the world seek to bounce back from the economic devastation of the COVID-19 pandemic, we are seeing mixed results.
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While the car industry has been shifting away from gasoline for years now, the boating industry has lagged behind.
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The China General Chamber of Commerce USA has kicked off the Lunar New Year with a celebration of business leaders.
Read More...Used car prices in the United States are at a record high, tied to that classic equation of supply and demand. Supplies are tight because production of new cars slowed amid chip shortages linked to the pandemic.
Read More...Their size is completely disproportionate to their importance to the global economy. Semiconductors or computer chips are used in just about everything – including whatever device you’re watching this on. But their supply chains have been disrupted during the pandemic. So, the world’s biggest […]
Read More...See how inflation hits roses and chocolates of Valentine’s Day.
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In the U.S., Americans are struggling with the highest inflation rate in four decades. Inflation was up 7 percent in December from a year earlier. The Euro zone also grappling with high energy prices. Consumer prices in the Euro area rose at a record rate […]
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Argentina has announced that it is officially joining China’s Belt and Road Initiative. In doing so, it has become Latin America’s largest economy to formally join Beijing’s flagship infrastructure and investment project.
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The world’s largest theme park operator is hosting a parade with dance troupes that tell the story of Mulan — a Disney character inspired by a Chinese legendary folk heroine.
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In January, California became the second U.S. state after Vermont to require residents and businesses to start tossing their food scraps into separate bins for collection.
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Some farmers and exporters from Brazil are hoping to sell pine nuts to China. CGTN’s Paulo Cabral visits a farm outside Sao Paulo and see how farmers from Brazil view the Chinese market.
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Global economic growth stalls as IMF warns over persistent inflation
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A new report by Oxfam details the extent of the pandemic’s impact on income inequality which has soared over the past two years.
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#JeromePowell looks set to be confirmed for a second term as head of the #FederalReserve. But amid surging #inflation, that may be the easy part, as CGTN’s Owen Fairclough reports.
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See how migrants sending money home have become an economic force in Mexico.
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The World’s largest technology show has wrapped up in Las Vegas, with 3,100 exhibitors showcasing more than 20,000 new products. CGTN’s Mark Niu sums up this year’s CES experience.
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Here are the latest tech innovations at CES 2022.
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