ASIA: Didi Chuxing, China’s biggest ride-hailing firm, on Thursday, made public the filing for its long-anticipated U.S. stock market listing, setting the stage for what is expected to be the world’s biggest initial public offering this year. The company – backed by Asia’s largest technology investment firms, SoftBank, Alibaba, and Tencent – did not reveal […]

ASIA: Indian economy is expected to expand 8.3 percent in fiscal year 2021-22, a report by World Bank projected on Tuesday. In its latest issue of Global Economic Prospects, the Washington-based global lender said that even though the forecast has been revised up by 2.9 percentage points, its masks significant expected economic damage from the […]

ASIA: China bought fewer American products in May versus the prior month, while exports to the U.S. rose, according to customs data released Monday. China bought $13.11 billion dollars worth of goods from the U.S. in May, down from $13.94 billion in April, data accessed through Wind Information showed. May’s figure marked the lowest monthly […]

ASIA: Chinese businesses are letting go of more workers than they are hiring, even though the economy is seeing some recovery from the pandemic, official data showed Monday. A survey conducted by National Bureau of Statistics, which polls businesses on how their operations have changed from the prior month, and compiles the responses into two […]

ASIA: Chinese and US senior trade officials held a virtual meeting to ramp up trade talks. Chinese Vice Premier Liu He held a virtual meeting with US Treasury Secretary Janet Yellen on Wednesday – his second discussion with top economic and trade officials under the Biden administration in less than a week, with both parties […]

ASIA: Despite a reasonable economic recovery, the giant Chinese economy will be bedeviled by serious problems, says a top corporate survey specializing in China. This 2021 China Corporate Payment Survey, made available to IANS, was conducted between February and April this year by COFACE, which surveyed over 600 companies across 13 broad sectors located in […]

The Federal Reserve has discontinued updating the M1 and M2 weekly money supply series and is instead now updating the series monthly. What is really going on is what I have been talking about and was one of the key subjects behind the book I published – Manipulating the World Economy (5th edition to be […]

ASIA: The US and China’s top trade negotiators have held “candid, pragmatic” talks, in their first meeting under the Biden presidency. US Trade Representative Katherine Tai and Chinese Vice Premier Liu He held a virtual meeting to discuss matters. In the virtual meeting, both sides said they discussed the importance of the trade relationship between […]

ASIA: As the trade deal between the U.S. and China runs into its second year, Chinese purchases are still running short of the agreed amount, according to the U.S.-based Peterson Institute for International Economics. The deal stipulated that relative to imports from the U.S. in 2017, China needed to buy at least $200 billion more […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 46.78 points or 0.17% to 28,364.61 Shanghai increased 10.73 points or 0.31% to 3,497.28 Hang Seng decreased 46.18 points or -0.16% to 28,412.26 ASX 200 increased 15.60 points or 0.22% to 7,045.90 Kospi decreased 12.12 points or -0.38% to 3,144.30 […]