Oil prices rose as much as 2% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude. At the same…
Monthly Archives For December 2022
China-Laos Railway sees first direct train for imported fruits to Chinese markets
A train loaded with 25 containers of fruits from Thailand and Laos on Saturday arrived at Mohan railway station of the China-Laos Railway, southwest China’s Yunnan Province. This is the first direct …
Xi Jinping’s zero-Covid policy fails as new cases found in China
China is currently witnessing a spike in the number of protests. People are demonstrating against harsh lockdowns and the zero-covid policy in China. Unrest has recently increased in at least a dozen …
AUD/USD and NZD/USD Fundamental Daily Forecast – Trading Higher as China Relaxes Some Virus Rules
China is signaling more easing may come in the nation, which has been under strict COVID-related restrictions for more than two years.
Nurturing tech SMEs with timely funding
SMEs specializing in niche industries with cutting-edge technologies and great growth potential — recognized by the Ministry of Industry and Information Technology. “The launch of the BSE 50 index …
China’s internet sector R&D spending logs robust growth
China’s major internet enterprises saw their spending on research and development (R&D) resume a double-digit expansion in the first 10 months of 2022, official data showed. During this period, R&D …
China’s e-commerce market is changing as big players such as Alibaba adjust to thrifty consumers amid leaner times
China’s online consumer market is moving from a previous structure dominated by Alibaba Group Holding to a more diversified warring state as consumers become more thrifty amid an economic downturn.
Coronavirus knocks back China’s ‘incremental’ gains in closing urban-rural wage divide
Before the first Covid-19 outbreak in 2020, the wages of China’s high, middle and low-income earners were growing at roughly the same level Afterwards, low-income wage growth fell 8 percentage points …
Chinese cities relax testing rules as zero-Covid policy eases
Businesses reopened and testing requirements were relaxed in Beijing and other Chinese cities on Monday as the country tentatively eases out of a strict zero-Covid policy that sparked nationwide …
China services activity shrinks further in November- Caixin PMI
China’s services sector contracted sharply in November, a private survey showed on Monday, as rapidly rising COVID-19 cases invited more lockdown measures and further disrupted economic activity. The …
Asian stocks up, dollar down as China eases more Covid measures
Asian stocks rose and the dollar weakened further as traders welcomed more easing of strict Covid containment measures in China that have hammered the world’s number-two economy. The moves helped …
Business seen as key ally in green push
Private enterprises can play a key role in leading the green transformation in the Asia-Pacific region, with more support needed to take care of the financial needs of smaller businesses, a forum has …
Becoming ‘the next China’ won’t save India from 2023 economic slowdown
It’s hard to see 2023 as a great year for the urban middle-class as global tech-industry layoffs affect jobs and capital availability for startups. Rural demand is anyway sluggish’ …
