ZHENGZHOU, CHINA – SEPTEMBER 22: Students attend a job fair for graduates at Zhengzhou University on September 22, 2023 in Zhengzhou, Henan Province of China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty Images China’s youth unemployment will likely stay elevated this year due to a lingering mismatch, according to … Read more
A newly built property is seen from the air in Hangzhou city, Zhejiang province, China, Dec 15, 2023. CFOTO | Future Publishing | Getty Images China’s property stocks jumped after the country’s central bank announced measures that would help boost the liquidity available to property developers. The move will ease a lingering cash crunch for … Read more
Workers assemble mobile phones at a Dixon Technologies factory in Uttar Pradesh, India, on Thursday, Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images U.S. firms are increasingly viewing China as a risky bet for their supply chains — neighbor India is set to benefit as companies look elsewhere to set shop. As many as … Read more
The FBI claims North Korea-linked hackers were behind a $100 million crypto heist on the so-called Horizon bridge in 2022. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images North Korea-linked hackers attacked a record number of crypto platforms in 2023, according to Chainalysis in its latest report on Wednesday. Data collected from 2016 … Read more
Pan Gongsheng was named party secretary of the People’s Bank of China on July 1, 2023. Vcg | Visual China Group | Getty Images BEIJING — China pledged to reduce the amount of liquidity that its banks are required to hold as reserves early next month in its bid to boost its struggling economy. Reserve … Read more
Pedestrians cross a road in Taipei, Taiwan, on Monday, Jan. 15, 2024. Bloomberg | Bloomberg | Getty Images Taiwan’s economy faces uncertainty as tensions with China are likely to rise following the victory of the Democratic Progressive Party in the island’s presidential elections, with analysts’ views differing on the question of a slowdown. Risk perceptions … Read more
A securities business hall in Fuyang, China, in December 2023. Costfoto | Nurphoto | Getty Images China is reportedly considering a rescue package backed by offshore money to stave off a slump in its struggling stock markets, according to Bloomberg News. The report, citing people familiar with the matter, said Chinese authorities are aiming to … Read more
Bank of Japan governor Kazuo Ueda gestures as he speaks during a press conference following a monetary policy meeting at the Bank of Japan’s headquarters in Tokyo on July 28, 2023. The Bank of Japan on July 28 eased its grip on its ultra-loose monetary policy in a small step towards normalisation as inflation accelerates … Read more
BEIJNG, CHINA – NOVEMBER 13: Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. (Photo by Gao Zehong/VCG via Getty Images) Vcg | Visual China Group | Getty Images Deflation may soon start biting into Chinese growth, as Beijing looks at another three to six months of … Read more
Moody’s Investors Service has a negative outlook for sovereign creditworthiness in Asia-Pacific this year, due to China’s slower economic growth as well as tight funding and geopolitical risks. China’s rebound from the Covid-19 pandemic wasn’t as fast as several economists had expected at the start of 2023. The country’s GDP for the last three months … Read more
