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In the U.S., lab-grown diamond sales jumped 16% in 2023 from 2022, according to Edahn Golan, an industry analyst. Social media posts show millennials and Generation Zs proudly explaining the purchase of their lab-grown diamonds for sustainability and ethical reasons. Natural diamonds take billions of years to form and are difficult to find, making their price more stable. Globally, lab-grown diamonds are now 5-6% of the market and the traditional industry is not taking it sitting down. It's also still true in more rural areas of the United States, while lab-grown diamonds have taken off more in the cities.

Persons: Bario Neal, Haley Farlow, ”, Golan, Zs, Farlow, that's, Cupid, Martin Roscheisen, Paul Zimnisky, Zimnisky, It's, Mother Earth, ” Zimnisky, Page Neal, it’s Organizations: PHILADELPHIA, Diamond, Diamond Foundry, telltale, Gemological Institute of America, Mother, Associated Press Locations: Philadelphia, U.S, India, China, Henan, Zhuhai, Na Diamond, HeNan, Ningbo Crysdiam, United States, Wenatchee , Washington, Columbia, AP.org

☆ Have We Crossed a Dangerous Warming Threshold? Here’s What to Know.
▼ + stars: | 2024-02-08 | by ( Raymond Zhong | ) www.nytimes.com time to read: +1 min

That number carries special significance in the international effort to stop dangerous climate change. Under the 2015 Paris Agreement, nations agreed to try to limit global warming to 1.5 degrees Celsius compared with preindustrial times, or at least to keep it comfortably below 2 degrees Celsius. The latest temperature data doesn’t mean we’ve already passed that lower limit. It might be helpful to start with what they aren’t, which is thresholds encoded somewhere in the laws of nature. Instead, they represent warming levels that would bring consequences that are unacceptably difficult for societies to manage, as decided and agreed upon by the nearly 200 nations that signed the Paris accord.

Locations: European, Paris

☆ 2024 Begins With More Record Heat Worldwide
▼ + stars: | 2024-02-07 | by ( Raymond Zhong | Elena Shao | ) www.nytimes.com time to read: 1 min

It was the hottest January on record for the oceans, too, according to the European Union’s Copernicus Climate Change Service. Sea surface temperatures were just slightly lower than in August 2023, the oceans’ warmest month on the books. And sea temperatures kept on climbing in the first few days of February, surpassing the daily records set last August. The oceans absorb the great majority of the extra heat that greenhouse gases in the atmosphere trap near Earth’s surface, making them a reliable gauge of how much and how quickly we are warming the planet. Warmer oceans provide more fuel for hurricanes and atmospheric river storms and can disrupt marine life.

☆ Six Spongy Sea Creatures Suggest Warming Might Be Worse Than Thought
▼ + stars: | 2024-02-05 | by ( Raymond Zhong | ) www.nytimes.com time to read: +1 min

Networks of satellites and sensors have measured the rising temperatures of recent decades with great precision. But to assess the full arc of global warming, scientists typically combine this data with 19th-century thermometer readings that were often spotty and inexact. By examining the chemical composition of their skeletons, which the creatures built up steadily over centuries, the researchers have pieced together a new history of those earliest decades of warming. And it points to a startling conclusion: Humans have raised global temperatures by a total of about 1.7 degrees Celsius, or 3.1 Fahrenheit, not 1.2 degrees Celsius, the most commonly used value. “It’s a bit of a wake-up call,” said Malcolm T. McCulloch, a geochemist at the University of Western Australia and one of the scientists who worked on the new research.

Persons: ”, Malcolm T, McCulloch Organizations: . Networks, University of Western Locations: Caribbean, University of Western Australia

☆ Coastal Cities Brace for Climate Change
▼ + stars: | 2024-02-01 | by ( Manuela Andreoni | ) www.nytimes.com time to read: +1 min

Over the past few weeks, flooding from storms has battered cities in the South and the East Coast, from Louisiana to New Jersey. Overlapping atmospheric rivers over the West Coast have brought heavy rains that are likely to come back in the next few days. “The problem comes when there’s too much at one time,” he said. Climate change makes that a lot more likely. Warmer air holds more moisture, which means storms in many parts of the world are getting wetter and more intense, as my colleague Ray Zhong explained during deluges last year.

Persons: Jill Cowan, Judson Jones, there’s, ”, Ray Zhong, deluges Locations: East Coast, Louisiana, New Jersey, West, Ventura County, San Diego

☆ China’s EV players ramp up competition with Tesla using new tech
▼ + stars: | 2024-01-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

CNBC | Evelyn ChengBEIJING — Hot competition in China's electric car market is pushing local automakers to sell vehicles with fancy tech that Tesla doesn't yet offer in the country — and sometimes at lower prices. Tesla's cars don't come with those accessories, and Elon Musk's automaker only offers a limited version of its driver-assist tech in China right now. Xpeng 's G9 SUV, widely considered a leader in China for driver-assist tech on city streets, starts at 289,900 yuan. That's because electric car batteries and other parts aren't made in the U.S., which means American companies are already paying a premium for core components of the electric car, Li said. Traditional foreign auto giants like Volkswagen are struggle to adjust to the surge of electric cars in China, while domestic companies, including smartphone company Xiaomi and Geely-backed startup Zeekr, are rushing to release electric cars.

Persons: Evelyn Cheng, Tesla, Elon, Li Yi, Aito, Li Auto, Yiming Wang, Wang, Li, wasn't, Appotronics, aren't, BYD, Zhong Shi, Omer Ganiyusufoglu Organizations: CNBC, Elon Musk's, Huawei, HSBC, Consumers, China Renaissance Securities, Price, U.S ., U.S, China Automobile Dealers Association, BYD, Volkswagen, German's National Academy of Science, Engineering Locations: Evelyn Cheng BEIJING, China, Shenzhen, Europe, Shanghai, U.S, Tesla

☆ Men in medieval China were able to move up the social ladder as easily as male Baby Boomers in the US, study suggests
▼ + stars: | 2024-01-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Obtaining high status was likely as easy for men in the Tang Dynasty as for men in the modern US, a study suggests. It found that social mobility for men at the time could be compared to that of the 1960s in the US. AdvertisementMen in medieval China could gain high status in society as easily as male Baby Boomers in the US, according to a new study released on Thursday. Women, however, were unlikely to be part of the Chinese bureaucracy, and few would have taken the imperial exam, Hout said. But I wouldn't see a farmer's kid being able to pass the exam," Hout said.

Persons: —, Michael Hout, Hout, Du Zhong Liang, Wu Zetian, It's, they're Organizations: Service, Boomers, National Academy of Sciences, New York University, Business, National Library of China Locations: China, Tang, Europe

☆ Scientists clone second species of monkey
▼ + stars: | 2024-01-16 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

CNN —Meet Retro, a cloned rhesus monkey born on July 16, 2020. Retro is only the second species of primate that scientists have been able to clone successfully. He was not involved in the latest research but has collaborated with some members of the research team on other primate studies. However, a rhesus monkey was cloned in 1999 using what researchers consider a simpler cloning method. Cloned monkeys can be genetically engineered in complex ways that wild-type monkeys cannot; this has many implications for disease modeling.

Persons: Falong Lu, ”, Lu, haven’t, Dolly, Miguel Esteban, Esteban, ” Lu, Zhong Zhong, Hua Hua, Lluís Montoliu, wasn’t, “ Organizations: CNN, Nature Communications, State Key Laboratory, Molecular, Biology, of Genetics, Chinese Academy of Sciences, “, Guangzhou Institute of Biomedicine, Covid, National Academies of Sciences, Engineering, Medicine, Royal Society for Prevention, National Center for Biotechnology Locations: Shanghai, Beijing, Spain

☆ Xi-Biden meeting is one of this year's most important meetings, investment firm says
▼ + stars: | 2023-11-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXi-Biden meeting is one of this year's most important meetings, investment firm saysPatrick Zhong of M31 Capital discusses the meeting of U.S. President Joe Biden and Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation summit.

Persons: Biden, Patrick Zhong, Joe Biden, Xi Jinping Organizations: Xi, Capital, Economic Cooperation Locations: Asia

☆ China's richest nepo babies look set to inherit $120 billion
▼ + stars: | 2023-11-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. All aged under 40, Chinese heirs from at least 11 families will soon have control of wealth worth an estimated $120 billion, according to the Bloomberg Billionaires Index. AdvertisementNongfu Spring is China's biggest water company. Future Publishing/Getty ImagesThe company, worth just over half a trillion dollars, is China's biggest bottled water producer. These billionaire nepo babies are standing by to reap the benefits of China's an almost uninterrupted wealth boom over the past four decades.

Persons: —, Zhong Shu Zi, Zhong, Gao Haichun, nepo, it's Organizations: Service, Billionaire, Bloomberg, University of California, Future Publishing, Brown University, McKinsey, Global Locations: China, Irvine

☆ Climate Change’s Effects Are Worsening Across U.S., but Solutions Are in Reach
▼ + stars: | 2023-11-14 | by ( Raymond Zhong | More About Raymond Zhong | ) www.nytimes.com time to read: +1 min

The report issued Tuesday, the National Climate Assessment, is the government’s premier compilation of scientific knowledge on what this means for the country and how Americans are responding. The new assessment, the fifth of its kind, shows “how climate change is affecting us here, in the places where we live, both now and in the future,” she said. Human-driven warming is intensifying wildfires in the West, droughts in the Great Plains and heat waves coast to coast. It is causing hurricanes to strengthen more quickly in the Atlantic and loading storms of all kinds with more rain. So far this year, the nation has experienced a record 25 billion-dollar weather disasters, many of them exacerbated by the hotter climate.

Persons: ”, Katharine Hayhoe Organizations: Texas Tech University Locations: United States, West, Great

☆ Xi-Biden summit: What’s on the agenda for China’s leader as he heads to California?
▼ + stars: | 2023-11-14 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

Biden, meanwhile, finds himself strapped with international challenges from the war in Ukraine to the latest conflict in Gaza. Chinese leader Xi Jinping, left, and US President Joe Biden. Getty ImagesXi’s agendaDespite the challenges he faces at home, the insulated Chinese leader may see himself in a stronger position relative to Biden. Xi will ask Biden to clarify and define the scope of the US approach on tech restrictions, analysts say. Liu Ranyang/China News Service/VCG/Getty Images‘Positive signals’The lead-up to Xi’s American visit has been marked with signals that China is hoping to smooth prickly relations.

Persons: — Xi Jinping, Joe Biden —, Xi, Biden, he’d, ”, Yun Sun, Xi Jinping, Joe Biden, …, Suisheng Zhao, Stimson, Sun, Harry Moyer, Liu Ranyang, Zhong Sheng, wisecracks, Nancy Pelosi’s, Beijing’s, Shi Yinhong, Shi Organizations: CNN, Asia Pacific Economic Cooperation, “, China Program, Stimson, Getty, Biden, Center for, Cooperation, University of Denver, Communist Party, US, Taiwan’s Democracy Progressive Party, US Flying Tigers, Kunming Foreign Language School, China News Service, “ Flying Tigers, China’s Renmin University, Republicans Locations: China, Hong Kong, San Fransisco, Bali , Indonesia, Ukraine, Gaza, Washington, Beijing, Center for China, Taiwan, California, Kunming, China's Yunnan, United States, Russia, Iran

☆ 18-year-old got hired as a Google engineer—his dad shares his No. 1 parenting rule: I take a 'hands off approach'
▼ + stars: | 2023-11-08 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

Stanley Zhong isn't your typical 18-year-old. In stepped Google, which offered Zhong a job as an L4 software engineer, one rung above entry level. And while the offer may have been surprising, especially considering the job title, one person says he wasn't shocked: Stanley's father, Nan Zhong. "And along the way, he gave me enough shocks that I was no longer shocked [when he got the Google job]. And that led to his Google job," Nan says.

Persons: Stanley Zhong, Zhong, wasn't, Nan Zhong, I've, Nan, He's, —, Stanley, that's, Henry M, Nan Zhong Nan, Nan didn't, Richard Wiseman Organizations: Gunn High School, MIT, Stanford, Google, University of Texas, CNBC, Washington State Championship, Amazon Web Services, Amazon AWS, University of Hertfordshire Locations: Palo Alto , California

☆ Window for Meeting Key Climate Goal Is Even Narrower Than Thought
▼ + stars: | 2023-10-30 | by ( Raymond Zhong | More About Raymond Zhong | ) www.nytimes.com time to read: +1 min

Already, human activity has raised average global temperatures by about 1.2 degrees Celsius relative to preindustrial conditions. The most promising paths for avoiding 1.5 degrees are clearly gone, Joeri Rogelj, a climate scientist at Imperial College London who worked on the new projections, said at a news briefing. “And they have been gone for a while, to be honest,” he added. Even so, having an up-to-date picture of emissions and warming can still help governments figure out how to meet less ambitious climate goals, including the Paris pact’s second-best limit of 2 degrees Celsius. Every extra increment of warming increases the risk of dangerous heat waves, floods, crop failures, species extinctions and wildfires.

Persons: Joeri Organizations: Imperial College London, Paris Locations: Paris

☆ Founder of discount e-shopping firm PDD races up China's rich list
▼ + stars: | 2023-10-24 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +3 min

Colin Huang, who founded PDD in 2015 and stepped down as CEO in 2020, was the fastest riser in this year's Hurun Rich List, leaping seven places to be ranked China's third richest man with a $37.2 billion fortune. Richard Liu, who founded e-commerce giant JD.com, also saw his wealth, and that of his wife Zhang Zetian, fall by $6.2 billion since last year to $8.26 billion, according to Hurun's list. JD.com's shares fell to a record low earlier this month after banks cut its price targets citing a weaker-than-expected recovery in consumer spending. Hui Ka Yan is currently being investigated over suspected "illegal crimes", Evergrande said last month. Reporting by Casey Hall; editing by Brenda Goh and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Colin Huang, Yin Liqin, Rich, Jack Ma, Alibaba, Richard Liu, Zhang Zetian, Rupert Hoogewerf, PDD's Temu, Zhong Shanshan, Pony Ma, Hurun, Wang Jianlin, Hui Ka Yan, Evergrande, Casey Hall, Brenda Goh Organizations: Nasdaq, REUTERS, Rights, PDD Holdings, PDD, HK, Hurun, Dalian Wanda Group, China Evergrande, Thomson Locations: New York, Shanghai, China

☆ The US government owns $5.5 billion worth of bitcoin. Whether it holds or sells its stash could have a big impact on the token's price.
▼ + stars: | 2023-10-21 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The US government has seized at least $5.5 billion worth of bitcoin since 2020, according to analysts. Its stake makes it one of the world's largest crypto "whales". Whether it holds or sells its bitcoin stash could have a huge impact on the token's price. AdvertisementAdvertisementThe US government owns billions of dollars worth of bitcoin – and whether it decides to hold or sell could have a big impact on the cryptocurrency's price. Lower volatility means that whales can drive big swings all by themselves – so what the government decides to do with its $5.5 billion stash could have a major impact on bitcoin's price.

Persons: —, James Zhong, Sam Bankman Organizations: Service, Washington, Wall Street Locations: Washington, Coinbase

☆ Crypto 911: Jimmy Zhong hacks his way to $3 billion crypto fortune
▼ + stars: | 2023-10-17 | by ( Eamon Javers | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto 911: Jimmy Zhong hacks his way to $3 billion crypto fortuneCNBC's Eamon Javers reports on news from a heist in the cryptocurrency space.

Persons: Jimmy Zhong, CNBC's Eamon Javers

On the phone was 28-year-old Jimmy Zhong, a local party boy and Georgia alum who frequented Athens' drinking establishments. Robin Martinelli, Martinelli Investigations owner and private investigator. Martinelli said Zhong appeared resistant to her theories, especially when they began to focus on his circle of friends. Source: Zhong's social media profileHis parties were epic. Source: Zhong's social media profile

Persons: Jimmy Zhong, Zhong, Robin Martinelli, Martinelli, Montel Williams, " Martinelli, Jimmy, Zhong didn't, Louis Vuitton, Gucci, Jimmy Choo, didn't, he'd, Satoshi Nakamoto, Stefana, CNBC Masic, Zhong couldn't, Jody Thompson, Thompson, Trevor McAleenan, Shaun MaGruder, McAleenan, that's, MaGruder, I've, wasn't, Trevor, I'm, coders, Nathaniel Popper, Popper, Bitcoin, Nobody, bitcoin, Michael Bachner, John Garland, Bachner, Ross Ulbricht, Chad Organizations: University of Georgia, Clarke County Police Department, rowdies, Clarke County Police, CNBC, Department of Justice, Martinelli Investigations, Broad, College, Ritz Carlton, Waldorf, Georgia Bulldogs football, Rose, IRS, Silk, Clarke, Investigators, Misfits, . Locations: Athens, Georgia, bitcoin, It's, Loganville , Georgia, Zhong's, Gainesville , Georgia, Los Angeles, Beverly Hills, LA, Gainesville, Chad, Clarke County, Montgomery , Alabama, U.S

☆ MIT researchers have created a solar-powered desalination device that can make seawater drinkable for less than the cost of US tap water
▼ + stars: | 2023-10-07 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +4 min

Researchers at MIT have created a solar-powered device that can make seawater drinkable. The team says the device can remove the salt from seawater for less than the cost of US tap water. And, to top it off, the water produced by this device could eventually cost less than US tap water, according to a paper published last week in the peer-reviewed journal Joule. Yang Zhong, a graduate student at MIT and an author of the September 27 paper, said this desalination device is more efficient, longer-lasting, and cheaper than previous desalination devices. For Qadir, desalination is a key factor in solving this water crisis.

Persons: Yang Zhong, Zhong, Manzoor Qadir, Qadir, it's, They're, they've Organizations: MIT, Service, Joule, United Nations University, United Locations: East, North Africa

☆ China bans Nomura senior investment banker from leaving mainland -sources
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +4 min

The logo of Nomura Securities is pictured at the company's Otemachi Head Office in Tokyo, Japan, November 18, 2016. Charles Wang Zhonghe, China investment banking chairman at Nomura, is prohibited from travelling outside the mainland, said the sources, who sought anonymity as they were not authorised to speak to media. Asked why the Nomura banker was barred from leaving, Chinese foreign ministry spokesperson Wang Wenbin said he did not have knowledge of the situation at a regular news briefing on Monday. A Reuters analysis has found an apparent surge of court cases involving such bans in recent years, and foreign business lobbies are voicing concern about the trend. In August last year, he was also appointed as chairman of Nomura Orient International Securities, the bank's majority-owned securities business headquartered in the commercial hub of Shanghai.

Persons: Toru Hanai, Charles Wang Zhonghe, Wang, Nomura, Bao Fan, Cong Lin, Bao, Cong, Nomura's Wang, Wang Wenbin, Mintz, Zhong, Selena Li, Kane Wu, Makiko Yamazaki, Liz Lee, Sumeet Chatterjee, Clarence Fernandez Organizations: Nomura Securities, REUTERS, Authorities, Nomura Holdings, Nomura, Financial Times, China Renaissance Holdings, HK, ICBC, Commercial Bank of China Ltd, Reuters, Bain & Company, Group, Beijing, European Union, Deutsche Bank, Securities, Nomura Orient International Securities, Thomson Locations: Tokyo, Japan, HONG KONG, China, Hong Kong, Beijing, Shanghai

☆ China bans Nomura senior investment banker from leaving mainland — sources
▼ + stars: | 2023-09-25 | by ( ) www.cnbc.com time to read: +3 min

Signage for Nomura Holdings Inc. displayed outside a Nomura Securities Co. branch in Tokyo, Japan, on Monday, April 24, 2023. Authorities in China have ordered a senior Nomura Holdings banker overseeing the firm's investment banking operations there not to leave the mainland, two sources with knowledge of the matter said. Charles Wang Zhonghe, China investment banking chairman at Nomura, is prohibited from travelling outside the mainland, said the sources, who sought anonymity as they were not authorised to speak to media. A Reuters analysis has found an apparent surge of court cases involving such bans in recent years, and foreign business lobbies are voicing concern about the trend. In August last year, he was also appointed as chairman of Nomura Orient International Securities, the bank's majority-owned securities business headquartered in the commercial hub of Shanghai.

Persons: Charles Wang Zhonghe, Wang, Nomura, Bao Fan, Cong Lin, Bao, Cong, Nomura's Wang, Wang Wenbin, Mintz, Zhong Organizations: Nomura Holdings Inc, Nomura Securities Co, Nomura Holdings, Nomura, Financial Times, China Renaissance Holdings, ICBC, Commercial Bank of China Ltd, Reuters, Bain & Company, Group, Beijing, European Union, Deutsche Bank, Securities, Nomura Orient International Securities Locations: Tokyo, Japan, China, Hong Kong, Beijing, Shanghai

For the better part of an hour, he might be the only person. Mr. Haugen has worked for more than half of his 52 years as a fire lookout, scanning the larch and pine wilderness from a one-room mountaintop cabin. More and more, he stands at another divide, too: between human jobs and automation. The chief of the U.S. Forest Service, Randy Moore, told lawmakers in March that the agency was moving away from humans in watchtowers. “We need to lean much further into the technology arena,” he said.

Persons: Leif Haugen, Haugen, mutt, Ollie, Randy Moore, ” Organizations: U.S . Forest Service Locations: Montana, West

Higher winds. In a 2018 paper, Dr. Kossin wrote that hurricanes over the United States had slowed 17 percent since 1947. Dr. Kossin likened the problem to walking around your back yard while using a hose to spray water on the ground. Because warmer water helps fuel hurricanes, climate change is enlarging the zone where hurricanes can form. There is a “migration of tropical cyclones out of the tropics and toward subtropics and middle latitudes,” Dr. Kossin said.

Persons: ”, James P, Kerry Emanuel, “, Kossin, “ you’ll, Emanuel, Dr Organizations: National Oceanic, Atmospheric Administration, Hurricanes, Massachusetts Institute of Technology, National Hurricane Center, Researchers Locations: United States, subtropics, Japan

☆ Hot Ocean Temperatures Could Give Hurricane Idalia a Boost
▼ + stars: | 2023-08-29 | by ( Raymond Zhong | More About Raymond Zhong | ) www.nytimes.com time to read: 1 min

As Hurricane Idalia charges toward Florida, one factor that could amplify its effects on coastal communities is the unusually warm water in the Gulf of Mexico, which is partly the result of the sultry weather that has been smothering the South all summer. “Holy cow has it been hot down here,” said Brian Dzwonkowski, a marine scientist at the University of South Alabama and the Dauphin Island Sea Lab. Really hot water. And that’s not a good combination for hurricane season.”Earth’s oceans have been hotter in recent months, by a considerable margin, than at any other time in modern history. In July, a buoy off the Florida coast reported a hot-tub-like reading of 101.1 degrees Fahrenheit, or more than 38 Celsius, a possible world record for sea surface temperatures.

Persons: ”, Brian Dzwonkowski Organizations: University of South Locations: Florida, Gulf of Mexico, University of South Alabama, Dauphin

☆ China's deflation could spill over into a global concern, economists say
▼ + stars: | 2023-08-24 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

SHENZHEN, CHINA - MARCH 09: View of high commercial and residential buildings on March 9, 2016 in Shenzhen, China. "As a result, Chinese economic weakness and falling prices (especially Chinese producer prices) are likely to spill over into global markets — near-term good news for the Western central banks' fight against elevated inflation." "China's disappointing rebound is now feeding negatively into global sentiment and growth. Beyond the trade-related spillovers, a common global disinflationary pressure comes from commodity prices, where as a huge importer of commodities, Chinese domestic demand remains a key factor. "Weak Chinese domestic investment and broad-based excess capacity in manufacturing, as well as weak sales of new homes and land, are likely to continue to depress global commodity demand," Wilding and Liao said.

Persons: Zhong Zhi, Tiffany Wilding, Wilding, Carol Liao, Montgomery Koning, Liao, TS Lombard's Montgomery Koning Organizations: Getty, National Bureau, Statistics, Evergrande, TS Lombard, Lombard, U.S, Census, TS Lombard's Locations: SHENZHEN, CHINA, Shenzhen, China, U.S, Beijing, West, Germany

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