The disappointing economic backdrop to China’s policy dilemma

Industrial production also missed expectations. Concerns over fresh COVID-19 flare-ups, worries about jobs and the crisis in the property sector have dented borrowing by companies and consumers. Chinese banks extended 679 billion yuan (US$101 billion) in new yuan loans in July, less than a quarter of June’s amount, according toContinue Reading

Indonesia must remain prudent and vigilant, says Jokowi as he unveils smaller budget for 2023

JAKARTA: Indonesian President Joko Widodo on Tuesday (Aug 16) tabled a 3,041.7 trillion rupiah (US$206 billion) budget for 2023, while reminding the nation to remain cautious amid global uncertainties. He said in parliament: “In the future, we must continue to maintain our prudence and vigilance.” “The risk from global economicContinue Reading

Toyota suspends operations at Sichuan plant due to power shortage: Kyodo

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Gunmen kill two policemen guarding Pakistan polio team

PESHAWAR, Pakistan: Two officers guarding a polio vaccination team in northwest Pakistan were shot dead by unidentified assailants, police said on Tuesday (Aug 16), the latest deaths in an ongoing campaign to eradicate the disease. Pakistan and neighbouring Afghanistan are the only countries where polio remains endemic, but vaccination teams haveContinue Reading