
China's Exports to US Fall Most Since 2020 Despite Trade Truce
Chinese exports rose less than expected last month as the worst drop in shipments to the US in more than five years counteracted strong demand from other markets.
Exports rose 4.8% from a year ago to $316 billion in May, slower than the 6% median growth forecast in a survey of economists. Imports fell 3.4% for a third straight month of declines, leaving a trade surplus of $103 billion, according to official data Monday.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Cyberway Product Innovation Platform: Empowering Enterprise Innovation Processes and Building Exceptional Product Strength
GUANGZHOU , June 22, 2025 /PRNewswire/ -- In the fiercely competitive FMCG market, only efficient innovation can create a true competitive edge. As consumer preferences change rapidly and the market environment remains uncertain, how can companies precisely identify needs, execute efficiently, and continuously optimize their strategies? The Cyberway Product Innovation Platform empowers FMCG enterprises to achieve sustainable growth by providing powerful capabilities in pre-planning insight, in-process control, and post-launch analytics—ultimately enabling the development of exceptional product strength. Before: AI-Powered Foresight for Accurate Market Opportunity Detection AI Opportunity Discovery: Real-time industry data, user behavior, and competitor insights are captured to automatically identify blue ocean markets and unmet needs—fueling inspiration for new product planning. Accelerate Opportunity Capture: Shorten market research cycles and improve speed and accuracy of opportunity identification. AI-Driven Product Definition: Using opportunity and competitor analysis, combined with internal product knowledge bases, the system intelligently generates product concepts, optimizes configurations, and refines packaging and formulas. Agile Response: Ensure product design closely aligns with market needs and competition, allowing rapid focus on core value and improving product-market fit. End-to-End User Demand Management: A comprehensive demand management framework tracks records, statuses, and feedback, aggregating omnichannel voice of customer with AI to identify high-value & Accurate: By realizing and verifying demand in closed-loop cycles, continuously refine product performance, minimize resource waste, and pave the way for the next breakout product. During: Efficient Execution to Deliver Outstanding Products Scientific Project Management System: Integrates visual dashboards, all-in-one workbenches, and real-time notifications via Feishu, WeCom, and DingTalk for full project transparency and synchronized decision-making across teams. Core Value: Reduce communication overhead, improve collaboration efficiency, and prevent project delays. Standardized Project Workflow: Based on industry templates and task libraries, enabling tiered and structured project management tailored to channel requirements. Flexible Control: Guarantees high-quality delivery while allowing adaptive workflows, ensuring key tasks succeed the first time. Cross-Functional Online Collaboration: Integrates marketing, go-to-market, and product workflows to shorten timelines. Interlocked nodes require mutual confirmation to ensure stability and avoid cost waste. Key Feature: Enables synergistic cooperation across departments for performance greater than the sum of its parts. AI Marketing: Tracks competitor strategies and social trends in real time, dynamically generating targeted content and pricing strategies using internal knowledge. Efficient & Agile: Accelerates creative production and drives an integrated "strategy-content-pricing" engine for rapid market response. Online Knowledge Repository: A dedicated enterprise R&D knowledge base aggregating key data such as risk warnings, solutions, and technical documentation. Significant Boost: Empowers faster troubleshooting and prevents redundant errors in R&D. Comprehensive Quality Control System: Embeds IPD checkpoints and technical reviews to govern key milestones; incorporates risk management for prevention, monitoring, and post-analysis. Ultimate Goal: Ensure high-quality project delivery while minimizing potential risks. After: Data-Driven Innovation Strategy Optimization Project Review: Compare project baselines with actual execution to deeply analyze quality, timeline, and cost performance. Deeper Insights: Identify key factors that influence project success. Go-to-Market Tracking: Monitor GMV trends across e-commerce platforms, VOC on social media, and promotional campaign outcomes to pinpoint growth opportunities and risks, driving agile strategy iteration. Advanced Capabilities: Fuel product iteration and innovation, providing a core foundation for the next-generation breakout product. Data Asset Management: Leverages delivery data and gate review points to auto-update master product data, creating a unified view with field supplementation and relationship validation. Long-Term Value: Enables full-lifecycle product data management, enhancing both data quality and business utility. The Cyberway Product Innovation Collaboration Platform is a powerful enabler for FMCG enterprises to enhance product innovation with AI, reduce waste, shorten R&D cycles, and create market bestsellers. From ideation to launch and ongoing optimization, the platform empowers excellence at every stage—allowing businesses to stand out in an intensely competitive landscape. We look forward to partnering with more brands to explore new ways of innovation and co-create the next market blockbuster! Website: Email:Marketing@ View original content: SOURCE Cyberway Information Technology Co., Ltd. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
Flights to Dubai and Doha cancelled after US strikes Iran
Flights between London and the Middle Eastern hubs of Dubai and Doha have faced cancellations following US strikes on Iran's nuclear facilities. It comes after a British Airways (BA) flight from London Heathrow to Dubai was diverted to Zurich on Saturday night. Flight BA109, which left the UK at 9.53pm on Saturday onboard a Boeing 787 Dreamliner, had to alter its flight path while over Saudi Arabia, eventually touching down in Switzerland, data from Flightradar24 shows. READ MORE: Foreign Office issue stream of travel alerts following US strikes on Iran READ MORE: Which food and drinks are banned on TUI, easyJet, Ryanair and Jet2 flights? British Airways has announced the suspension of all scheduled flights to and from Dubai and Doha set to depart from Heathrow on Sunday, including return journeys. Israel announced on Sunday that it had closed its airspace to both inbound and outbound flights in the wake of the US attacks. Join the Manchester Evening News WhatsApp group HERE The US operation targeted three Iranian nuclear sites, leading to Iran responding with a volley of ballistic missiles aimed at Israel. In a statement, British Airways said: "As a result of recent events, we have adjusted our flight schedule to ensure the safety of our customers and crew, which is always our top priority. "We are contacting our customers to advise them of their options while we work through this developing situation." BA is offering a flexible booking policy for customers already booked onto flights to Dubai and Doha between Sunday and Tuesday who wish to change their dates of travel. According to Gatwick's website, flights to and from the airport to Doha and Dubai are continuing as scheduled. For the latest stories and breaking news visit Get the latest headlines, features and analysis that matter to you by signing up to our various Manchester Evening News newsletters here. You can also get all your favourite content from the Manchester Evening News on WhatsApp. Click here to stay up to date with the us on X @mennewsdesk for all the latest stories and updates on breaking incidents from across the region and beyond, as well as on our Facebook page you prefer reading our stories on your phone, consider downloading the Manchester Evening News app here, and our newsdesk will make sure every time an essential story breaks, you'll be the first to hear about it.
Yahoo
3 hours ago
- Yahoo
Russia's economy boomed after the invasion of Ukraine—it's now running out of steam
After years of anticipated economic strife, Russian authorities warn the country is on the precipice of a recession as the Kremlin's bloated military spending amid its ongoing invasion of Ukraine exacerbates underlying labor shortages and rising inflation. Russia's wartime economy, once defiant in the face of Western sanctions and geopolitical isolation, is showing signs of fatigue. On Thursday, Russia's economy minister Maxim Reshetnikov warned the country was 'on the brink' of a recession at the St. Petersburg Economic Forum. Reshetnikov's declaration confirmed what several economists foresaw earlier this year: Russia's high-spending war economy, after years of defying predictions of imminent recession, is finally running into the hard limits of labor, productivity, and inflation. Russia's 2022 invasion of Ukraine prompted a slew of sanctions by Western nations, and the near-total departure of Western companies from the nation. But despite predictions of its imminent demise, the country's economy has held up fairly well by pursuing what economists call 'military Keynesianism,' fueling growth through massive defense-related fiscal spending. By pouring a record number of resources into the military-industrial complex, which reached a value of $167 billion last year, the Kremlin spiked industrial production, drove two consecutive years of GDP growth, and lifted wages across war-related sectors. For decades, the Kremlin has allowed Russia's defense budget to grow faster than the country's GDP, but the budget expenditures have increased enormously since the start of Russia's invasion of Ukraine. In 2021, the country spent 3.6% of its GDP on national defense, according to the World Bank. Now, 6.3% of the GDP goes to defense spending, nearly double the share in the United States. Russia's military spending bubble has created what Elina Ribakova, economist at the Peterson Institute for International Economics describes as a game of musical chairs. 'Everybody's making money. Suddenly, people are enjoying higher incomes, and can get a mortgage, or buy durables. It makes this war popular in a practical, morbid way. You want the music going,' she explains. But, as Nicholas Fenton, associate director at the Center for Strategic and International Studies warns, 'You can only kind of spend so much before you hit structural limits in the economy. And the big hang up for the Russian economy throughout this period has been the country's chronic labor shortage.' Prior to Russia's invasion of Ukraine, the country reported 4.75% unemployment in 2021, with levels hitting a record 2.4% low in early 2025, according to state-reported data. But as unemployment has declined, the country has also witnessed a mass exodus of as many as one million residents, and has suffered significant military deaths in the hundreds of thousands. These figures have exacerbated a pre-existing worker deficit in Russia due to a declining working-age population. In 2022 alone, the number of workers aged 16 to 35 fell by 1.33 million, and their share of the labor force was the lowest on record since 1996. These preexisting shortages in the labor market have compounded as citizens were drafted, emigrated, or flocked to defense-related jobs with lucrative bonuses. Although real wages increased, productivity didn't, fueling inflation and the threat of stagflation outside of the military, and stifling investments in non-defense sectors. This spring, Russia's manufacturing sector, an industry that also includes defense enterprises, suffered its steepest downturn in close to three years, dropping 2 points from February to March. Similarly, Russia's industrial production growth hit a two-year low, increasing only 0.2% year-on-year. All the while prices have continued to increase, growing by 9.52% last year compared to 7.42% in 2023. Currently, inflation in Russia sits at nearly 10% and the central bank's hawkish stance has interest rates up to 20% in June. Meanwhile, the central bank's growth forecast is between 1 and 2% for 2025. Interest rates may be shifting, however: senior officials and Russian businessmen have repeatedly called for cuts to promote growth, and President Vladimir Putin has urged policymakers to strike a balance between fighting inflation and boosting growth. Ultimately, for the country's growth potential to change, the country would need to improve labor productivity, a difficult feat amid persisting sanctions and significant inflation, according to Alexander Kolyandr, senior fellow at the Center for European Policy Analysis. On a per-capita basis, the nation's GDP lags far behind peers, closer to that of Mexico or Turkey than Western Europe. And unlike Germany or Japan, Russia's growth is heavily dependent on volatile commodity exports, such as oil, and state-driven demand. Oil and gas revenues which account for around 20% of the country's GDP, underscoring the precarious nature of its fiscal health. In the first half of 2025, falling oil exports and a dip in global prices forced the Kremlin to revise its budget deficit. But the growing conflict between Israel and Iran has already pushed oil prices higher, offering Russia potential temporary budgetary relief. 'The war in the Middle East is actually pretty good for Putin, but that wouldn't save the economy. It just means that the government may continue to maintain this policy of managed decline,' Kolyandr tells Fortune. Ribakova agrees with Kolyandr. 'We were sort of rubbing our hands as oil was going down because that's the most effective sanction against Russia. And of course, now we've seen the prices pick up,' she says. Russia's oil exports, however, don't provide a solution to the lack of foreign investments in the country and the total retreat of American companies. Even with President Donald Trump's hands-off approach to diplomacy with the Kremlin, Charles Kupchan, senior fellow at the Council on Foreign Relations, sees the return of U.S. businesses to Russia as a key bargaining chip. 'Trump is saying to Vladimir Putin, 'if you're ready to make a deal and end this war and agree to a ceasefire in place, I can envisage a return of American companies to Russia. I can envisage the rehabilitation of Vladimir Putin,'' he says. This story was originally featured on