Japan: Gross domestic product shrank 6.3%
TOKYO — Japan’s economy suffered its biggest contraction in five years in the final quarter of 2019, slowed by a sales-tax hike and a destructive typhoon. Gross domestic product for the world’s third-biggest economy shrank an annualized 6.3% from a … Continue reading Japan: Gross domestic product shrank 6.3%
China plans to reduce economic risks
BEIJING – As China struggles to deal with the slowdown of the world’s second-largest economy, it has embarked on a new strategy of placing financial experts in provinces to manage risks and rebuild regional economies.Since 2018, President Xi Jinping has … Continue reading China plans to reduce economic risks
Germany: Chinese growth engine stalls
Berlin – For three decades, China’s burgeoning demand for German cars, machines and engineering tools has been a steady engine of growth for Europe’s largest economy, gratefully championed by successive governments in Berlin.But the engine is starting to splutter. China’s … Continue reading Germany: Chinese growth engine stalls
Cambodia: Securing energy for expansion of economy
Phnom Penh – Economic growth in Cambodia is constrained by a lack of appropriate policy for electricity access and energy security. Only 50 per cent of Cambodia’s population had electricity access in 2016. Remarkably, by 2019, the number of households connected to … Continue reading Cambodia: Securing energy for expansion of economy
Japan will remain World’s most aged country
Tokyo – Population projections from the UN Department of Economic and Social Affairs confirm that Japan will remain the world’s most aged country for at least the next few decades. The 2019 Revision of World Population Prospects, released in June 2019, … Continue reading Japan will remain World’s most aged country
U.S. suspends first phase of China Tariff hike
Washington – U.S. President Donald Trump outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done before … Continue reading U.S. suspends first phase of China Tariff hike
Singapore: World’s most competitive economy
Singapore – Singapore has climbed one notch to become the world’s most competitive economy, according to the World Economic Forum (WEF), overtaking the United States. Singapore scored 84.8 out of a 100 on WEF’s scale, beating other countries especially in terms of … Continue reading Singapore: World’s most competitive economy
China’s GDP grew 6.3 percent, economy stable
Shanghai – Chinese Premier Li Keqiang said it is “very difficult” for China’s economy to grow at a rate of 6% or more because of the high base from which it was starting and the complicated international backdrop. The world’s … Continue reading China’s GDP grew 6.3 percent, economy stable
China cuts banks’ reserve ratios as economy slows
Beijing – China’s central bank said on Friday it was cutting the amount of cash that banks must hold as reserves for the third time this year, releasing 900 billion yuan ($126.35 billion) in liquidity to shore up the flagging … Continue reading China cuts banks’ reserve ratios as economy slows
ASIA to reach 50 percent of global GDP by 2040
New York – For years, Western observers and media have been talking about the rise of Asia in terms of its massive future potential. But the time has come for the rest of the world to update its thinking—because the future … Continue reading ASIA to reach 50 percent of global GDP by 2040