Gary Ng
Coverage of Gary Ng in the Nexus archive.
- China’s factory activity unexpectedly slips into contraction in July
China’s factory activity contracted in July, with the official manufacturing PMI falling to 49.2, the first decline in five months. Weak domestic demand, disrupted by typhoons and sluggish property-sector-driven spending, contributed to the contraction, while exports in technology products remain a growth driver.
- China blocks exports of helium, key for chipmaking, as Iran war squeezes supply
China has temporarily banned helium exports, a critical resource for semiconductor manufacturing, due to global supply disruptions caused by the Iran war. The move aims to secure domestic supply as China imports much of its helium and faces tightened global availability.
- EU issues new steel and e-commerce regulations to reduce trade imbalance with China
The European Union introduced new regulations targeting steel imports and e-commerce small parcels to address its trade imbalance with China. The measures include a 3 euro customs duty on low-value packages and steel import quotas with tariffs to protect EU industries.