Gross domestic product growth is seen at 4.5% for 2024 and 4.3% for 2025, down from the 5% estimated for 2023, the World Bank said in its semi-annual outlook. While most economies in East Asia…
FINANCE
Japan Faces Risks From US, China Economies, Banking Head Says
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world …
Treasury Wines to lift Penfolds prices as China loosens tariffs
The country’s largest wine producers say there has been an immediate increase in demand from importers after Beijing loosened trade restrictions late last week.
Markets Mixed After US Inflation Data, China Figures Give Boost
Federal Reserve boss Jerome Powell said the report “is pretty much in line with our expectations” and decision-makers were on track to hit their long-term inflation target of two percent.
China shares jump, Japan tumbles with yen pinned near intervention zone
Chinese shares led a rally around most of Asia on Monday amid a broadly optimistic global economic backdrop, but Japanese shares tumbled with the yen pinned near levels that have traders on guard for …
China likely to be No.1 economy by 2035 with continuous momentum: international think tank
China’s GDP is estimated to surpass that of the US, with the country becoming the world’s largest economy in about 2035, said a report released by a think tank comprising scholars from five countries …
‘Worrying malaise’: China’s economic and social fortunes rest on its youth, but they are lying flat and ‘letting it rot’
Many younger Chinese are beleaguered by high expectations, extreme academic competition and bleak work and lifestyle prospects.
Communist China had a good run — but the Party is over
You know it’s over when 65 million homes — one-fifth of the nation’s total — lie vacant and real-estate prices have collapsed to 2018 levels.
China’s central bank keeps ‘cautious’ in bond trade despite Xi Jinping’s mandate
Even after President Xi Jinping has asked for China’s central bank to trade government bonds, the outcome is likely to remain limited as the bank does not want to trigger negative outcomes for …
China reaffirms financial support for Sri Lanka
China continues to support Sri Lanka amidst economic crisis, focusing on debt restructuring and joint infrastructure projects.
China reaffirms financial support for crisis-hit Sri Lanka
China has said that it would continue to support Sri Lanka, as the crisis-hit island nation’s prime minister on Saturday wrapped up a visit to Beijing to try to finalise a debt restructuring …
Old Xi Jinping speech sparks China monetary easing speculation
A sentence from a months-old speech by Chinese President Xi Jinping has sparked speculation the central bank might start aggressively buying government bonds to support the economy, a stimulus measure …
China’s new rules for finance pull the brakes on gravy train, bringing ‘greed is good’ era to a halt
China’s finance sector was once freewheeling, but new regulations and mandates from officials suggest banks’ new role looks beyond simple profit-seeking.
