Hong Kong has lost aviation hub status, airline body head says
International Air Transport Association head says China's pandemic policies have 'devastated' former British colony.
Category Archives: Economy
Tencent Music shares debut on Hong Kong stock exchange
Firm is latest US-listed Chinese firm to opt for a second listing to offset the threat of being delisted in New York.
‘Risks loom large’: Asian Development Bank cuts growth forecast
Manila-based development bank lowers the growth forecast for 2022 from 5.2 percent to 4.3 percent.
‘Ideology trumping economy’: EU body warns firms souring on China
European Union Chamber of Commerce says companies increasingly view China as “less predictable, reliable and efficient”.
South Korean president’s first US visit clouded by EV subsidy row
Yoon Suk-yeol is expected to raise concerns over US subsidies rules during summit with US President Joe Biden.
India’s central bank could unveil 0.5% hike: Morgan Stanley
Financial services giant says inflation and global trends raise possibility Reserve Bank of India will front-load hikes.
Taiwan’s amateur fact-checkers wage war on fake news from China
Taiwanese civil society organisations are working to combat misinformation instead of leaving the job to the government.
New Zealand central bank says working with partners on climate
Reserve Bank of New Zealand governor Adrian Orr says 'climate impacts' are already being felt.
China’s prices rise slower than expected amid weak demand
Consumer price index increases 2.5 percent from the same month a year earlier.
US sanctions firms over alleged use of Iranian drones in Ukraine
US Treasury Department unveils sanctions against four firms over alleged role in supplying Russia with Iranian drones.
China’s great leap forward in chips faces US pushback
Beijing's efforts to secure dominance over critical chips are facing growing resistance from Washington.
US, Asian countries begin trade talks with tariff cuts off table
Indo-Pacific Economic Framework talks seek platform for economies to engage on trade, supply chains, labour standards.
Romanian low-cost carrier Blue Air cancels flights until Sept 12
Move comes after environment ministry blocks airline's bank accounts for failing to pay a fine.
China’s exports weaken, imports fall amid COVID curbs
Exports rise 7 percent from a year earlier to $314.9 bn, barely one-third of July expansion.
Honda to set up China venture to make batteries for EVs
Japanese carmaker to launch venture with Dongfeng Motor Group and Guangzhou Automobile Group Co at the end of month.
Australia economy grows 3.6% annually on spending, exports
Strong economic results come as inflation is running at a 21-year high of 6.1 percent.
China droughts highlight energy challenge as climate heats up
Hotter weather is expected to push China’s enormous energy consumption even higher in the coming years.
China’s JD.com, Yum China chosen for US audit probes: Sources
Chinese firms notified they will be among first batch of companies to be inspected in Hong Kong by US audit watchdog.
South Korea to scrap COVID tests for arrivals in boost for travel
Travellers to the country will no longer be required to present a negative coronavirus test result starting on Saturday.
South Korea proposes first spending cut in 13 years
First budget under right-leaning President Yoon Suk-yeol proposes 6 percent cut in government spending in 2023.