Bridgewater Associates founder Ray Dalio shared that a small part of his family office’s money is still invested in China, however warned that China is facing serious economic problems as its economy slows down, according to a Bloomberg report. In an interview with Bloomberg Television, Dalio said China’s situation has become more challenging in recent … Read more
The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the Covid-19 pandemic — and despite the move being widely forecast, global investors are braced for impact. The Fed is behind a swathe of its central bank peers, including those in the euro zone, the U.K., Canada, … Read more
The RN-Tuapsinsky refinery operated by Rosneft Oil Co. in Tuapse, Russia. Andrey Rudakov | Bloomberg | Getty Images SINGAPORE — As the world’s oil traders and analysts gathered at the annual Asia Pacific Petroleum Conference in Singapore last week, the slump in oil and where it was headed was foremost in everybody’s mind. China, the … Read more
Staff members counting RMB cash deposited by customers in China’s Nantong city. Cfoto | Future Publishing | Getty Images The world’s super rich club expanded significantly over the past 10 years, with China leading the charge, according to the latest report from New World Wealth and investment migration advisor Henley & Partners. The number of centimillionaires … Read more
Illustration of the China and U.S. flag on a central processing unit. Blackdovfx | Istock | Getty Images U.S. sanctions over the years on China’s semiconductor industry has forced Beijing to ramp up efforts to boost its domestic chip sector. The boom of artificial intelligence and foundational models has only spurred on China’s goal of … Read more
People walk along the Huguosi street, Xicheng district, a dedicated food street in Beijing on August 23, 2024. Adek Berry | AFP | Getty Images SINGAPORE — Following a slew of data released over the weekend from China that painted a fairly bleak outlook for its economy, analysts have tapered their expectations for the country’s … Read more
By the end of October, the European Union will make a final decision on what some analysts call the biggest EU trade case against China in more than a decade. But automakers and countries are divided over whether to place tariffs — so far of up to 36.3% — on Chinese electric vehicles. A German … Read more
As India steps into its third term under Prime Minister Narendra Modi’s administration, Southeast Asia has emerged as a central focus of its foreign policy. The region plays a crucial role in the Indo-Pacific theatre and has become pivotal to India’s strategic, economic, and diplomatic interests. Recent high-level engagements, such as Modi’s visit to Singapore … Read more
Starting next year, China will raise its retirement age for workers, which is now among the youngest in the world’s major economies, in an effort to address its shrinking population and aging work force. The Standing Committee of the National People’s Congress, the country’s legislature, passed the new policy Friday after a sudden announcement earlier … Read more
In a bid to address a shrinking population and an ageing society, China’s National Health Commission (NHC) is intensifying efforts to encourage marriage and childbirth at younger ages. At the same time, the country is planning to gradually raise the statutory retirement age to manage the growing demographic challenges. Push for Early Marriage and Childbearing … Read more
