China’s economic slowdown has become a major concern for policymakers, and the recent decision by the People’s Bank of China (PBOC) to cut interest rates, including those on existing mortgages, signals that authorities are taking steps to address the issue…. Read More ›
Thailand’s once-thriving $53 billion automobile industry, the largest in Southeast Asia, is now grappling with a dual crisis. Domestic consumers, burdened by high debt, are struggling to finance new car purchases, while the international market is swiftly moving away from… Read More ›
The ongoing trade war between the United States and China has entered a new phase, with the U.S. Commerce Department proposing significant restrictions on Chinese-made software and hardware in connected vehicles. This move, primarily motivated by national security concerns, could… Read More ›
In a decisive move to revitalize its struggling economy, China’s central bank announced a comprehensive suite of monetary stimulus and property market support measures on Tuesday. This initiative aims to address mounting deflationary pressures and stabilize the housing sector, following… Read More ›
The U.S.-China trade war has escalated further, this time targeting the growing automotive sector. The Biden administration is preparing to propose a significant ban on Chinese software and hardware in connected and autonomous vehicles on American roads, citing national security… Read More ›
In today’s uncertain economic climate, a new trend has emerged among young people known as “doom spending.” This phenomenon involves splurging on luxuries like designer clothes, travel, and expensive gadgets as a way to cope with feelings of pessimism about… Read More ›
The ongoing trade tussle between the European Union (EU) and China over electric vehicles (EVs) has reached a critical juncture, as both sides agreed to enhance efforts to prevent the imposition of significant import tariffs on Chinese-made EVs. The discussions,… Read More ›
The offshore share offering plans of at least three prominent Chinese bubble tea makers have been postponed by the China Securities Regulatory Commission (CSRC), primarily due to disappointing market performance from peers in Hong Kong and declining consumer sentiment domestically…. Read More ›
China’s unexpected decision to keep its benchmark lending rates unchanged during the monthly fixing on Friday has left market analysts puzzled, particularly after the Federal Reserve’s recent 50-basis-point interest rate cut. This decision contradicts widespread expectations that China would adjust… Read More ›
China announced new sanctions on nine U.S. military-linked companies on Wednesday, escalating tensions with the United States over arms sales to Taiwan. The sanctions, which freeze the assets of the companies within China, come as part of Beijing’s ongoing efforts… Read More ›
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