Exhibitions-industry forecasts a loss of $14-22 billion
Secaucus – The growing number of trade shows that have been cancelled due to the COVID-19 crisis will result in a loss to the economy of $14 billion to $22 billion, according to the Center for Exhibition Industry Research. The preliminary … Continue reading Exhibitions-industry forecasts a loss of $14-22 billion
Long-term Benefits for China and the World Economy
Shanghai– After almost two years of trade tensions and negotiations, the US and China have finally signed on the Phase One trade agreement. A key US demand is that China will increase imports from the US by at least USD … Continue reading Long-term Benefits for China and the World Economy
Corona Virus: Chinese manufacturing hits record low
London – Factory activity in China fell at a record rate in February, as manufacturers closed their operations to contain the spread of coronavirus. The country’s official measure of manufacturing activity – the Purchasing Manager’s Index (PMI) – dropped to … Continue reading Corona Virus: Chinese manufacturing hits record low
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