For the first time in twenty-five years, Foreign Direct Investment (FDI) into China has fallen below zero. That is, there is more capital currently leaving China for other markets, than there is foreign capital being invested into China, a phenomenon called capital outflow.
On Oct. 25, Hurricane Otis struck the city of Acapulco on the Pacific coast of Mexico, leaving the country with landslides, flooding, and devastation, becoming the second-strongest storm in Mexico's history.
On Friday October 4, 2024, the European Union (EU) finished voting on the proposed tariffs on Chinese electric vehicles (EVs). While countries like Hungary and Germany vocally disagreed to this proposition, a majority of EU countries had already voted in favor of the tariffs. The tariffs are only the beginning of a potential long-lasting economic cold war between China and the West.
