ASIA: China’s economy grew 7.9 percent from April to June, the National Bureau of Statistics (NBS) announced on Thursday. The growth rate was lower than the forecasted 8.1 percent by most market analysts. Chinese economists are aware that the economy is highly resilient after overcoming the coronavirus pandemic fallout. Increasingly, the giant economy is being […]

ASIA: China has scrapped its population control policy. Families in China can have as many children as they like without facing fines or other consequences. The announcement ended, in practice, decades of restrictions on the number of children each household could have, as authorities attempt to encourage births in the face of a rapidly aging […]

ASIA: Japan’s core consumer prices rose 0.2% in June from a year earlier to mark the fastest annual pace in over a year, data showed on Tuesday, a sign the impact of global commodity inflation was gradually broadening. The rise in the core consumer price index (CPI), which includes oil products but excludes volatile fresh […]

ASIA: The United States and its allies accused China on Monday of a global cyberespionage campaign, mustering an unusually broad coalition of countries to publicly call out Beijing for hacking. The United States was joined by NATO, the European Union, Britain, Australia, Japan, New Zealand and Canada in condemning the spying, which U.S. Secretary of […]

ASIA: Shares of Didi plunged more than 7% in US pre-market trade on Friday after officials from seven Chinese government departments visited the ride-hailing giant’s offices to conduct a cybersecurity review. The ride-hailing giant was forced to stop signing up new users and its app was also removed from Chinese app stores. The Cyberspace Administration […]

 ASIA: The Biden administration has vowed to work with Australia to push back against China’s “unfair” trade practices, as the Morrison government seeks international support to fight Beijing’s tariffs on Australian wine. With the US declaring support from Australia, the Guardian reported that the European Union is also set to join as a third party […]

ASIA: China’s central bank cut the amount of cash most banks must hold in reserve. The People’s Bank of China will reduce the reserve requirement ratio by 0.5 of a percentage point for most banks, according to a statement published Friday. That will unleash about 1 trillion yuan ($154 billion) of long-term liquidity into the […]

ASIA: The Biden administration on Tuesday warned businesses with supply chain and investment ties to China’s Xinjiang province that they could face legal consequences, citing growing evidence of genocide and other human rights abuses in the country’s northwest region. A joint statement by the State Department, Treasury, Commerce, Homeland Security, Labor and the Office of […]

ASIA: China will cut the amount of cash that banks must hold as reserves, releasing around 1 trillion yuan ($154.19 billion) in long-term liquidity to underpin its post-COVID economic recovery that is starting to lose momentum. The People’s Bank of China (PBOC) said on its website it would cut the reserve requirement ratio (RRR) for […]

ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 177.61 points or -0.63% to 27,940.42 Shanghai decreased 1.42 points or -0.04% to 3,524.09 Hang Seng increased 191.41 points or 0.70% to 27,344.54 ASX 200 decreased 68.10 points or -0.93% to 7,273.30 Kospi decreased 34.73 points or -1.07% to 3,217.95 SENSEX […]