(Yicai) April 1 — Feilo Acoustics, a maker of lighting products, will need to pay over 2,000 investors CNY329 million (USD45.5 million) in compensation after losing China’s first ordinary …
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Debt, trade barriers and uncertainty will drag on Asian economies in 2024, World Bank report says
A World Bank report says Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5% this year from 5.1% in 2023.
China stocks see biggest jump in 1-month on strong PMI data
SHANGHAI: China stocks jumped on Monday, logging their biggest daily gain in a month, after the latest manufacturing activity data signalled that the economy’s recovery is gaining traction, while the …
China’s Caixin Manufacturing Sector Surges To A 13-Month Peak, Signaling Economic Revival
In a significant turn of events, China’s manufacturing sector has shown robust growth, marking a promising sign for the global economy. What Happened: Caixin Global reported on Monday that the Caixin …
East Asia’s growth is faster than the rest of the world but China headwinds weigh, World Bank says
Growth in developing East Asia and Pacific is outpacing the rest of the world, but the region will likely see slower growth in 2024, the World Bank says.
World Bank Warns of Slowing Growth in East Asia Amid China Slump
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…
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.
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