Why China’s housing market is collapsing

China has been trimming interest rates recently – in contrast to other major economies – as it tries to stem the economic effects of its zero-Covid policy and address a growing property crisis. The country’s traditionally strong housing market has been affected by a funding crisis that has seen development paused and led to buyers […]

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How will US-Taiwan trade initiative affect cross-Strait ties?

Reuters reported on August 18 that Washington and Taipei had begun talks under the US-Taiwan Initiative on 21st-Century Trade (USTI) agreed in June. The USTI was reached after Taiwan was excluded from the Indo-Pacific Economic Framework (IPEF) that US President Joe Biden announced during his visit to Asia in May. The IPEF and USTI are […]

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China’s rate cuts could be too little, too late

No central bank’s 2022 has been turned upside down more abruptly compared to Yi Gang’s People’s Bank of China (PBOC). That’s saying a lot given the particular economic shocks further complicating the year for US Government Reserve Chairman Jerome Powell amid overheating risks. Or Western Central Bank Chief executive Christine Lagarde fighting an euro with 20-year lows. Or even […]

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How Turkey plans to win the peace in Ukraine

While the war in Ukraine continues to trend, some are already looking ahead to what will happen once the guns fall silent and the construction function begins. In July, Ukraine’s prime minister estimated that rebuilding the country’s devastated cities, towns and infrastructure would cost US$750 billion. Amid the destruction has come opportunity for others, and Chicken […]

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Future-proof your business with TIME’s 3Cs of digitalisation

TIME’s 3Cs solutions enables businesses to run more efficiently in long haulAdvances employee productivity from simplifying workflow, streamlining processes Digitalisation possesses proven to be almost necessary for business success nowadays. It occurs every business starts to use digital technologies to switch its business model that new value-creating possibilities.There are many reasons…Continue Reading

MIT-educated Philip Kuai, founder of delivery firm Dada Nexus, is the latest young Chinese tech entrepreneur to retire

Kuai, who else received a master’s degree in logistics engineering from Ma Institute of Technology, resigned from Dada in favour of ‘personal pursuits’. Dada vice-president Shaun He Huijian can be president and control daily operational management, according to a company statement. Go through full story Continue Reading