Tag: Asia Economy
China's Xi says Hong Kong is moving 'from chaos to governance'
Chinese President Xi Jinping on Friday laid out a future for Hong Kong, embedded firmly within the goals of the central government on the mainland.
Singapore’s unemployment has dropped close to pre-Covid levels, minister says
Singapore's labor shortage problems are easing as unemployment continues to fall close to pre-pandemic levels, according to Minister of Manpower Tan See Leng.
In China, more and more people want to save money as job worries grow
Rather than spend or invest, 58.3% of survey respondents said they preferred to save their money, according to a People's Bank of China second quarter report.
IMF-Sri Lanka bailout talks end without a deal
The International Monetary Fund has ended talks with Sri Lanka, failing to conclude a deal for a bailout package for the near-bankrupt nation after 10 days.
Incoming Philippines finance secretary wants to put his country back on a growth track
Benjamin Diokno, who is currently the central bank governor, said he aims to tackle the country's rising debt problem and focus on growth.
China's economy didn't bounce back in the second quarter, China Beige Book survey finds
"While most high-profile lockdowns were relaxed in May, June data do not show the powerhouse bounce-back most expected," according to a report released Tuesday.
The housing market slowdown is showing up in shipping data from China
Importers cut back on lumber, home appliances, and furniture orders from China as the impact of higher mortgage rates shows up in the supply chain.
G-7's infrastructure plan offers an alternative to China's Belt and Road Initiative in a 'deliberate way'
The Group of 7 announced a new infrastructure funding program for developing nations that could rival China's Belt and Road Initiative.
China cuts quarantine time for international travelers in big step toward easing Covid controls
Overseas travelers now only need to quarantine at a centralized facility for seven days upon arrival in mainland China, followed by three days at home.
European stocks log best session in more than 3 months; tech shares gain 3.8%
European stocks closed sharply higher on Friday to end a volatile week, as investors assessed inflation and fears of a possible economic recession.
The No. 1 city in the world to travel and work remotely is in the US—and it isn't New York or LA
Americans don't need a passport to get to the No. 1 spot for a working vacation, according to a recent analysis from Icelandair.
China's steel mill owners are in a bad mood as demand takes a hit
Steel inventory is slowly piling up in their warehouses as demand for steel in China falls amid pandemic lockdowns and crippled construction activity.
World's most livable cities: Vienna climbs back to its No. 1 spot. These are the biggest decliners
Vienna has overtaken Auckland as the world's most livable city, according to a report by the Economist Intelligence Unit.
Southeast Asia's start-ups have fired hundreds of workers, and this may be just the beginning
Hundreds of workers from start-ups in Southeast Asia have been fired in the last few months, proving that the industry is not immune to the economic slowdown.
Here's what China's e-commerce giants are telling us about the economy
Growth in online sales is slowing, while new players eat away at Alibaba's market share, data show.
