China’s food imports have increased significantly since the nation joined the World Trade Organization (WTO) in 2001. Annual imports and net imports of food reached US$160 and $93 billion, respectively, between 2019–2021. But as rural incomes rise and China’s population falls the gap for trade to fill between domestic food production and consumption in the […]Continue Reading
By all accounts, Vietnam’s poverty reduction is a staggering achievement. Extreme poverty fell from 49% in 1992 to about 4% in 2021, and according to the new multidimensional poverty (MDP) index, multidimensional poverty is now close to 9%. Vietnam was the first country in the Asia-Pacific region to adopt MDP measures, using them since 2015 […]Continue Reading
TOKYO – If you’re wondering why Japan continues to make it easy for China’s economy to race ahead, look no further than events at Toyota Motor. In decades past, Japan’s most celebrated name disrupted the US and Europe with innovation and productivity methods the West struggled to match. Now, a similar disruption is happening to Toyota. The electric […]Continue Reading
Federal Reserve policymakers have targeted a “soft landing” for the US economy since beginning their effort a year ago to tame runaway inflation by hiking interest rates. That is, they believed they could do so without sending the US into recession. But the Fed’s decision to raise rates by a quarter point on March 22, […]Continue Reading
HONG KONG: Hong Kong needs to watch carefully for any further “spillover” from US regional banks, although the city has very little exposure to the situation in European and US financial institutions, the Hong Kong Monetary Authority said on Friday (Mar 24). The failure of two US banks and aContinue Reading
SHANGHAI: More than 400 people lost their billionaire status last year, most from China, as global monetary tightening, COVID-19 disruptions and Beijing’s crackdown on major tech companies hurt the super wealthy, a ranking of the world’s wealthiest showed. China lost 229 billionaires from the Hurun Global Rich List 2023, accountingContinue Reading
Two in five executives in Hong Kong expect to increase their headcount this year, according to KPMG’s survey of 1,300 professionals in Hong Kong and mainland China.Continue Reading
Despite the Ukraine war having reached its first anniversary, the relevance of the conflict is still not recognized. Russia’s assault inaugurated a formal competition for dominion over the Eurasian landmass. Its goal was to create a strategic position from which it could crack NATO. As it stands, it has failed to conquer Ukraine, but now seeks to break […]Continue Reading
PETRONAS FutureTech is committed to redefining the future of energy
Seeks to nurture regional startups via opportunity to scale their ventures Responding to the pivotal need to remain competitive through innovation, PETRONAS in 2019 launched PETRONAS FutureTech to uncover visionary entrepreneurs with breakthrough technologies to accelerate the tech-driven startup ecosystem of Malaysia.
Â
The…Continue Reading
Washington once again has outraged Beijing, this time by announcing new “guardrails” prohibiting any recipients of US government funding that operate in China from They also are forbidden to expand any existing facility’s production capacity by more than 10% unless at least 85% of its output is incorporated into final products that are consumed locally. […]Continue Reading