China’s imports, exports plunge in warning sign for economy
Exports shrink 9.9 percent year-on-year in December, while imports decline 8.7 percent.
Category Archives: Economy
US states Wisconsin, North Carolina unveil TikTok bans
Moves come after US President Joe Biden signed law banning federal employees from using the app on government devices.
ExxonMobil predicted climate change while downplaying risk: Study
Texas, US-based company’s own scientists accurately predicted global warming as far back as the 1970s, study says.
IMF chief sees 2023 global growth forecast holding steady
IMF Managing Director Kristalina Georgieva says 2023 to be another "tough year" for the global economy.
Australia’s battered tourism puts hope in China’s reopening
Tourism-reliant businesses are hopeful the return of Chinese visitors will revive the sector from the pandemic slump.
China may ease ‘three red lines’ property rules: Bloomberg
Strict lending rules were introduced in 2020 to tackle property developers' unbridled borrowing.
Samsung says it expects lowest quarterly profit in 8 years
South Korean tech giant blames weak demand for memory chips for sharp decline in profits.
Sick of the grind, China’s well-off seek slower pace in Thailand
Chinese social media is abuzz with the benefits of moving to the Southeast Asian country after years of COVID curbs.
US waged war on China’s chips; S Korea, Taiwan felt the fallout
Washington's bid for self-sufficiency in semiconductors is complicating relations with its tech-savvy partners in Asia.
Ex-GE worker jailed for plotting to steal trade secrets for China
New York man had been convicted of conspiracy to commit economic espionage following a four-week trial in March.
Bahamas regulator rejects FTX’s claims about seized assets’ value
Securities Commission of the Bahamas says debtors of the bankrupt cryptocurrency exchange had 'incomplete information.'
Singapore’s economy beats forecasts with 3.8% growth in 2022
City-state's growth slowed sharply in fourth quarter, clouding outlook for 2023.
South Korea unveils tax breaks for domestic investments in chips
Finance ministry says measures will save firms more than $2.85bn in tax payments for 2024.
Fired during COVID, Bali’s low paid now demand double the pay
Employers are struggling to fill positions as tourism roars back to life on popular resort island.
2023 to be tougher for global economy than 2022, IMF chief says
IMF Managing Director Kristalina Georgieva says one-third of world's economies expected to be in recession this year.
Japan eases COVID curbs on flights from Hong Kong after backlash
Hong Kong travellers will be able to fly into three more Japanese airports than previously as measures eased.
China to import 45 foreign video games, grants multiple licences
Moves mark latest easing of rigid curbs that have hammered China's gaming industry since August last year.
China’s industrial profits sink in deepening slump
Industrial profits fell 3.6 percent in January-November from a year earlier, government data shows.
US’s New Jersey may limit TikTok to separate devices, emails show
Democratic-governed state is considering joining Republican-led efforts to limit Chinese app, records request shows.
TikTok staff accessed data to track journalists, ByteDance finds
Chinese parent company of popular video app says the employees responsible are no longer with the company.