ASIA: New home prices in China grew at a faster pace in January, driven by red-hot demand in the country’s mega cities despite the government’s cooling measures. Average new home prices in 70 major cities increased 0.3% in January from a month earlier, versus a 0.1% gain in December, according to Reuters calculations based on […]

ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 closed Shanghai decreased 6.09 points or -0.17% to 3,636.36 Hang Seng increased 312.81 points or 1.03% to 30,632.64 ASX 200 increased 58.30 points or 0.86% to 6,839.20 Kospi decreased 9.66 points or -0.31% to 3,070.09 SENSEX increased 7.09 points or 0.01% to […]

ASIA: Senior Chinese diplomat Wang Yi said on Monday the United States and China could work together on issues like climate change and the coronavirus pandemic if they repaired their damaged bilateral relationship. Wang said China is willing to reopen constructive dialogue with Washington after relations between the two countries sank to their lowest in […]

ASIA: China may ban the export of rare-earth refining technology to countries or companies it deems as a threat to state security, according to a person familiar with the matter. While China has no plans to restrict shipments of rare earths to the US, it is keeping the plan in its back pocket should a […]

ASIA: American companies would lose hundreds of billions of dollars if they slashed investment in China or the nation’s increased tariffs, the US Chamber of Commerce said in a report highlighting the cost of a full decoupling of the world’s largest economies. US Chamber of Commerce, along with a New York-based data and analytics firm […]

ASIA: Japan’s exports accelerated in January, led by a jump in Chinese demand, and manufacturers’ sentiment turned positive for the first time since 2019, signaling a gradual recovery from last year’s deep coronavirus slump. Ministry of Finance data showed on Wednesday exports rose 6.4% in January from a year earlier, roughly in line with a […]

ASIA: China’s textile and clothing manufacturing suffered losses last year as US consumers and businesses moved away from Chinese labor. The apparel market in the US dropped -23% in 2020, marking a ten-year low. Asian competitors such as Bangladesh, India, Vietnam, and Cambodia saw a 42% rise in this sector last year as suppliers look […]

ASIA: US President Joe Biden and his Chinese counterpart Xi Jinping held their first phone call as leaders and appeared at odds on most issues, even as Xi warned that confrontation would be a “disaster” for both nations. While Biden’s Chinese counterpart Xi has called for “win-win” cooperation, he has called China America’s “most serious […]

ASIA: China’s National Radio and Television Administration (NRTA) announced BBC World News has been barred from airing in China saying some BBC’s reports on China infringed the principles of truthfulness and impartiality in journalism. Chinese observers said the BBC has turned into “a rumor mill” that deliberately throws mud at China, and the decision to […]

ASIA: China’s factory gate prices rose in annual terms in January for the first time in a year, as months of strong manufacturing growth in the world’s second-largest economy pushed raw material costs higher, Reuters reported. China’s the national Bureau of Statistics (NBS) said in a statement the producer price index (PPI) rose 0.3% from […]