According to Albert Park, chief economist of the Asian Development Bank, China’s hesitant consumer confidence has been “a dampener” for its frail recovery. The second-largest economy in the world earlier this week released second quarter GDP figures that mostly fell… Read More ›
China reported Monday that its second-quarter GDP increased by 6.3% year on year, falling short of estimates. In June, the unemployment rate among young individuals aged 16 to 24 was 21.3%, a new high. The second-quarter GDP figure of 6.3%… Read More ›
The recent developments at the Jack Ma-founded Ant Group have only served to serve as a reminder to international investors of the country’s changeable regulatory rules and the vulnerability of the sector, rather than sparking a relief rally in China’s… Read More ›
By 2075, India will surpass not just Japan and Germany but also the United States to become the second-largest economy in the world, according to Goldman Sachs. India currently has the fifth-largest economy in the world, trailing only China, the… Read More ›
In June, consumer prices in China teetered on the brink of deflation as producer prices dropped at their sharpest rate in more than seven years. This strengthens the case for officials to employ more stimulus to boost sluggish demand. For… Read More ›
The first shot in a legal confrontation between the two social media behemoths may be Twitter’s allegation that Meta Platforms stole trade secrets to create its new microblogging platform, but analysts say Twitter would face a difficult obstacle if it… Read More ›
An important Chinese trade policy adviser claimed on Wednesday that China’s export restrictions on metals used in semiconductors are “just a start” as Beijing intensifies its tech war with Washington just days before Treasury Secretary Janet Yellen’s arrival. Investors bet… Read More ›
According to the retiring founder of Taiwanese chipmaker TSMC, globalisation is taking a backseat to concerns like national security and technological leadership, and U.S.-China relations are more about rivalry than cooperation. Morris Chang, who founded Taiwan Semiconductor Manufacturing Co Ltd… Read More ›
Even though U.S. manufacturing fell even more in June, to levels last seen when the country was still recovering from the COVID-19 pandemic, pricing pressures at the factory gate kept falling, which was good news for the economy. According to… Read More ›
The European Union wants to work more closely with Japan on important technologies like artificial intelligence, according to the industry leader of the coalition, as it seeks to lessen its reliance on China in some areas. Artificial intelligence will be… Read More ›
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