The drop in Shanghai's port productivity, which is driven by to the lack of people working due to Covid lockdowns, can be seen in the container wait time at the port, according to CNBC's new Supply Chain Heat Map. "In Shanghai, ocean terminals, warehouses, and trucking services are operating as normal but with lower efficiency due to staff shortages and lack of drivers," said Brian Bourke, chief growth officer of SEKO Logistics. CNBC's Supply Chain Heat Map is a new data tool

The global economy faced numerous challenges in 2021. While COVID-19 vaccinations became more widely available in some countries, variants led to further waves in the pandemic. While consumer demand began to recover, supply chain disruptions restricted supply. Despite these and other hurdles, the world economy expanded by 6.1% in 2021. In this Markets in a Minute from New York Life Investments, we explore GDP growth by country to see which countries had the best and worst gro

The U.S. government has announced that its new economic grouping for the Indo-Pacific will begin with 13 inaugural members, accounting for about 40% of the world's gross domestic product. US President Joe Biden on Monday announced the launch of a new Asia-Pacific trading network during a visit to Japan. The framework, which includes an initial 13 countries, including India and Japan, has been touted as a counterweight to China's aggressive expansion in the region. "The United

China is the world’s second largest economy after the U.S., and it is expected to eventually climb into the number one position in the coming decades. While China’s economy has had a much rockier start this year due to zero-tolerance COVID-19 lockdowns and supply chain issues, our visualization covers a full year of data for 2021⁠—a year in which most economies recovered after the initial chaos of the pandemic. In 2021, China’s Gross Domestic Product (GDP) reached ¥114 trilli

With China controlling the supply chains for many critical minerals this has now become a matter of policy concern for major economies given the vulnerability of supply chains through protectionism and control of the mining and associated processes to drive industry 4.0 and advanced manufacturing industries associated with economic growth. The American green economy will rely on renewable sources of energy like wind and solar, along with the electrification of transportation.

By John W Miller, Chief Economic Analyst, Trade Data Monitor; The global economy avoided a meltdown 2020-2022 due to the Covid-19 pandemic because governments around the world, led by the U.S., printed trillions of dollars for their own citizens, oiling consumer demand and goosing merchandise trade around the world. That steroid is now wearing off, as consumers have spent most of the money they were given, and because their spending fueled inflation, making it harder to buy a

Higher investment growth was observed in Belt and Road region; health care and life sciences sector in Europe and North America was popular China’s overall outward direct investment (ODI) reached US$145.2 billion in 2021, up 9.2% year-on-year (YOY), whilst non-financial ODI reached US$113.6 billion, up 3.2% YOY. Belt and Road (B&R) non-financial ODI increased 14.1% YOY, which continued to outperform the overall growth rate. The announced value of China overseas mergers and ac

MAJOR South-east Asian economies are set to pull more foreign direct investment (FDI) in the near term, as investors grow wary about China’s locked-down market. Still, China’s status as the regional giant is likely to stay unchallenged, especially in the longer run. “FDI flows into Asean have proven extraordinarily resilient over the last couple of years,” Frederic Neumann, co-head of global research for Asia at HSBC, told The Business Times. “Asean has been a growing magnet

ASEAN, a regional block of 10 very diverse countries, was created to support economic growth, good governance, and human rights in Southeast Asia. After decades of rapid growth, these 10 countries now face changing global dynamics, internal divisions, and economic uncertainty. This week, the Altamar team of Peter Schechter and Muni Jensen is joined by Niharika Mandhana, the Southeast Asia bureau chief for The Wall Street Journal. She leads a team of correspondents covering po

Latest Trade Data from our partners Trade Data Monitor, John W Miller, Chief Economist: China reduced imports year-on-year in March as the global economy stuttered following Russia’s invasion of Ukraine and a resurgence of the Covid-19 pandemic. Overall, China shrank imports by 0.1% to $228.7 billion. Accounting for the nasty price inflation now starting to bite, that represents a meaningful contraction. To boot, analysts had predicted an increase of around 8%. It’s part of a

Wait times for at Shanghai marine terminals has increased nearly 75% since the lockdowns began. Delays at the Shanghai terminal have sent ships to neighboring ports in Ningbo and Yangshan, but those ports are beginning to get congested as well. China has mandated a strict “zero COVID” policy since the onset of the global pandemic, which has led to tight lockdowns across the country whenever cases have started to spike. Recently, lockdown restrictions have been enacted in majo

Opportunities still exist in Asia, away from the uncertainty of China - Financial Times From the moment Russia’s tanks rolled across the Ukrainian border, the investment world changed. This is a war between two countries that mainly export commodities. Russia is the world’s largest oil exporter — at the turn of the year it was producing 11.3mn barrels a day, according to the International Energy Agency. It was also the world’s biggest exporter of wheat. Ukraine is another maj

Investment Monitor explores the leading locations, sectors and investors when it comes to attracting FDI in financial services. Financial services is a key sector within the foreign direct investment (FDI) industry, particularly when it comes to greenfield projects. Indeed, GlobalData’s FDI Projects Database tracked 1801 greenfield financial services projects, announced or opened, throughout 2019 and 2020. The vast majority of the projects were new (86.3%), followed by expans

Overseas money is starting to pull out of Chinese markets after the risk of investing in autocratic countries was starkly highlighted by sharp drops in Russia's currency and securities prices following its invasion of Ukraine. Market data shows foreign investors sold a net 38.4 billion yuan ($6.04 billion) of Chinese stocks and bonds in the January-March period, one of the highest such quarterly figures on record. "Outflows from China on the scale and intensity we are seeing

Manufacturing hubs in southeast Asia could stand to benefit; Boss of $10tn asset manager warns on inflation as companies reconfigure supply chains Russia’s invasion of Ukraine will reshape the world economy and further drive up inflation by prompting companies to pull back from their global supply chains, BlackRock’s Larry Fink has warned. “The Russian invasion of Ukraine has put an end to the globalisation we have experienced over the last three decades,” Fink wrote in his a

Region sells itself short as a ‘taker, rather than giver’ but should instead take confidence in being the world’s fifth largest – and growing – economy, expert says Conference also hears how the Regional Comprehensive Economic Partnership has created a ‘common market’ that chimes with Beijing’s dual circulation theory The 10-nation Association of Southeast Asian Nations (Asean) bloc, with over 650 million people and set to become the fourth largest global economy by 2030, sho

The unprecedented level of sanctions and the possibility of removing Russia’s most favored nation status at the WTO is cutting Russia off from international trade systems. What are the wider ramifications of doing this to a G-20 country for U.S./China trade and globalization in general? We spoke to Nicolas Lamp, the co-author of The Six Faces of Globalization and an expert on the WTO. LAMP: Over the last couple of years, the idea of economic decoupling has been widely discuss

The country’s lithium-ion battery capacity will be twice as big as the rest of the world’s by 2031 In the Chinese county of Fuding, the world’s largest battery maker CATL is building its most ambitious gigafactory to date. The vast battery plant has a planned annual production capacity of 120 gigawatt hours (GWh) — enough to power around 1.2 million electric vehicles (EVs) when fully utilised. By comparison, the plant is more than three times the size of Tesla and Panasonic’s

As China’s cost base has risen and it looks to move up the value chain, an opportunity will arise for some Southeast Asian economies to replace China – a trend accelerated by the trade war and geopolitical tensions. However, breaking the dependency on China will involve a far higher degree of vertical integration and intra-ASEAN connectivity. There are few parts of the world that have a stronger interest in protecting and deepening the rules-based multilateral trading system

Amidst supply chain issues and inflated shipping costs, global trade continued to grow last year, reaching an estimated $28 trillion in 2021—a 23% increase compared to the year prior. Which countries are the central nodes of the global trade network? While China is currently the world’s largest trading partner, this hasn’t always been the case. This series of graphics by Anders Sundell outlines the history of the world’s biggest trade hubs, showing how the landscape has evolv