ASIA: Goldman Sachs cut its 2022 forecast for China economic growth Tuesday in expectation of increased restrictions on business activity aimed at containing the omicron Covid variant. Consumption will likely be affected the most, while exports less so, the analysts said, as they assume limited disruptions to supply chains. They expect government policy easing to offset […]

ASIA: China is aiming to eliminate the Covid-19 outbreak before Lunar New Year and the Winter Olympics in Beijing next month. Around 20 million people have been sent to ‘quarantine centres’ in various cities. People contracting the coronavirus disease (Covid-19) in China are forcefully confined to cramped metal boxes, the Daily Mail reported on Wednesday. […]

ASIA: China’s real estate sector is having a rocky start in 2022, as some of the country’s most high-profile developers struggle to shake off a crisis that has been growing for months. This week, two major credit rating agencies downgraded Shanghai-based developer Shimao Group further into junk territory. The company has been grappling with mounting […]

Another January 6th, 2022 important geopolitical event was the rising tension between Turkey and Greece. There has been an arms race between the two which escalated going into the end of 2021. Turkey intensified the arms race when it asked Biden to buy 40 F-16 fighter jets to upgrade its Air Force. The move coincides […]

There is a confrontation in the wind. Sergei Ryabkov, Russia’s deputy foreign minister and special negotiator in the US-Russia talks in Geneva, bluntly states that NATO can no longer “push” Russia to a minor role in European and international politics. NATO must return to the borders of 1997. Russia is blaming the US for the […]

ASIA: India cut its forecast for economic growth in the year to the end of March to 9.2% on Friday from an earlier outlook of more than 10%, as disruptions due to the Omicron variant of coronavirus hit consumer sentiment and economic activity. The new forecast for real GDP in 2021/22 compares with a contraction […]

ASIA: China’s official economic growth target is expected to be set above 5 percent in 2022, analysts told in an interview. China enters the local “two sessions” season, when local GDP growth targets are usually announced. Beijing and Central China’s Henan Province became the latest to start their annual meetings since Wednesday. Southwest China’s Xizang […]

ASIA: India and China have mostly set aside their bilateral differences in order to champion the cause of developing countries at the World Trade Organisation (WTO). That seems to be changing. During the latest round of China’s trade policy review, India questioned its northern neighbor’s claim that it was a developing country since, going by […]

ASIA: India may achieve a growth of more than 9 percent in FY2023, the fund house predicts. This projection is higher than the 4.9 percent for 2022 (5.9 percent for 2021) projection for global growth by the International Monetary Fund (IMF). Discretionary consumption is picking up post-Covid and should sustain provided young individuals with rising […]

 ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 510.08 points or 1.77% to 29,301.79 Shanghai decreased 7.45 points or -0.20% to 3,632.33 Hang Seng increased 15.09 points or 0.06% to 23,289.84 ASX 200 increased 145.20 points or 1.95% to 7,589.80 Kospi increased 0.47 points or 0.02% to 2,989.24 […]