BEIJING: China’s annual consumer inflation slowed down in February as consumers remained cautious despite the abandonment of strong pandemic controls late last year, official data showed on Thursday (Mar 9). Producer deflation extended into a fifth month. The consumer price index (CPI) for the month was 1.0 per cent higherContinue Reading
TOKYO: Japan’s economy narrowly averted a recession in the final months of 2022, barely growing on frail consumption after shrinking in the third quarter, revised data showed, underscoring the challenge for policymakers trying to shore up a wobbly recovery. Record high inflation and slowing global growth amid sweeping monetary tighteningContinue Reading
HONG KONG: Hong Kong’s Cathay Pacific Airways reported on Wednesday (Mar 8) an annual loss of HK$6.55 billion (US$834.42 million) for 2022, wider than the previous year’s HK$5.53 billion loss, but was positive about the outlook now that quarantine is no longer required. In January, the airline forecast a loss ofContinue Reading
TAIPEI: Taiwan’s exports in February fell annually for a sixth straight month to their lowest level in two years due to a deteriorating global economy, with the outlook remaining dim for at least the first half of the year. Exports last month were down 17.1 per cent by value fromContinue Reading
In place of stores shut by Tiffany, Valentino, Burberry and other big brands over the last three years, including in Tsim Sha Tsui, Central and Causeway Bay shopping districts, pharmacies and sports apparel outlets for brands like Adidas and Sweaty Betty have moved in. Luxury and big brand retail companiesContinue Reading
BEIJING: China is confident of achieving its 2023 economic growth target as the economy picks up, the vice head of the state economic planner said on Monday (Mar 6), after China set a modest growth target of around 5 per cent for this year. Domestic stock indexes opened subdued onContinue Reading
TOO DIFFICULT TO SOLVE People who worked at SMEE and other Chinese firms in areas such as etching told Reuters how barriers to entry did not seem too high until supply chains became even more global, the engineering more complicated, and the market cornered by firms such as Dutch lithographyContinue Reading
Mobius led emerging market investment at Franklin Templeton Investments for three decades and is known for his bullish view on China. Now, though, he said, he “would be very, very careful” investing in the country. “The bottom line is that China is moving in a completely different direction than whatContinue Reading
While it could be a tall order for firms to poach experts who already left China, the lack of a glass ceiling at home could be a major appeal.Continue Reading
“Huawei enjoys a higher market share in Berlin than in Beijing,” wrote Danish firm Strand Consult last year, noting that 59 per cent of Germany’s 5G network equipment was Huawei. Allowing Huawei to dominate in that way is like giving Beijing a “kill switch” on your communications network, report authorContinue Reading