China Surpasses US as Top Foreign Investment Venue:
THE US State Department is circulating a confidential letter urging European Union (EU) members and other "Friendly" countries to help block Palestinian attempts to secure non-member Observer State status at the United Nations (UN) General Assembly. Ref. Source 4
China Trade Balance Unexpectedly Turns To Deficit As Imports Surge:
China unexpectedly reported a trade deficit for March amid a surge in imports and a weaker expansion in exports, official data showed Wednesday. Separately, Fitch Ratings downgraded the country's local currency sovereign rating on Tuesday, citing surging credit growth in the country. Ref. Source 5
China poised to pass US as world's leading economic power this year:
The US is on the brink of losing its status as the world's largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world's leading statistical agencies. Ref. Source 2