ASIA: The slowdown in India’s economy has taken a toll on the savings of its citizens and that has resulted in the country’s savings rate falling to a 15-year low. India’s gross savings fell to 30.1% of the GDP in 2018-19 from 34.6% in 2011-12 and 36% in 2007-08. The previous low was 29% […]

ASIA: President Donald Trump strongly objected to efforts being taken by his own administration to restrict the sales of American technology to China over national security concerns. Contradicting his advisors, he insisted that such fears were an “excuse” and reaffirmed his commitment that the United States is open for business. Singapore’s Finance Minister Heng Swee […]

ASIA: The coronavirus outbreak in China has continued to affect citizens, and has now killed more than 560 people and infected 28,000. The Chinese government has decided to take tough measures to counter this deadly virus. Chinese whistle blower Dr. Li Wenliang died on Thursday due to the coronavirus. Li Wenliang was the first person […]

ASIA: Coronavirus, a pneumonia-causing virus, is beginning to disrupt the Chinese economy although it’s unclear whether the impact will extend to the full year. This is likely to push China to step up stimulus to counter the disruption in the economy. China’s Ministry of Finance said that as of 5 PM on Wednesday that finance […]

ASIA: China’s annual growth rate was reported as its weakest in 29 years. The growth rate was 6.1% with Chinese officials stating that the economy was stable. Other numbers reported were that population growth was also slowing with Chinese citizens having fewer children than in previous years. Malaysia is talking to the Indian government and […]

ASIA: Tesla’s CEO Elon Musk announced they will start exporting cars from China and will build unique cars from the Chinese gigafactory.”Something that would be super cool … So we’re going to do it … is to try to create a China design and engineering center to actually design an original car in China for […]

ASIA: Senior advisers to Washington have hailed the recent “phase one” deal between the US and China as “remarkable” for the US. The deal is expected to double American exports to China by 2021. The agreement touched upon IP rights, currency issues, financial services as well as an agreement from China to purchase more agricultural […]

ASIA: US and China have passed “phase one” of the trade deal, which has halted the upcoming Sunday tariffs that would have applied tariffs on 160 Billion USD worth of goods. China, meanwhile, has agreed to up their spending on US agricultural products to 50 billion USD in the new year. Trump tweeted that they […]

ASIA: More ups and downs regarding the US-China trade deal, with China suggesting they will remove tariffs on soybeans and pork as a gesture of goodwill. Meanwhile, US advisor to the White House Kudlow stated that the trade deal is in a better place than where they were mid-November, but also hinted that US President […]

ASIA: The US signed the Human Rights and Democracy Act into law, which requires the US to continue to monitor Chinese actions regarding Hong Kong citizen’s rights and freedoms. China issued the US a stern warning that if it continues to support a pro-democracy movement in Hong Kong, they will take “firm counter-measures.” The Chinese […]