Asia Economy

China removes state media article on plans to merge bad debt asset managers with sovereign wealth fund

China state media removed a story that initially reported that Beijing plans to merge its largest state-owned bad debt asset…

‘It’s really bad’: China strategist warns of deflation and rock-bottom consumer confidence

Deflation may soon start biting into Chinese growth, as Beijing looks at another three to six months of a “very…

‘Taiwan is China’s Taiwan’: Beijing says Taiwan’s ruling party is not representative of popular opinion

TAIPEI — China dismissed the outcome of Taiwan’s Saturday elections, saying its ruling Democratic Progressive Party does not represent mainstream…

China skeptic Lai Ching-te wins Taiwan’s presidential election

TAIPEI — Taiwan’s ruling Democratic Progressive Party won an unprecedented third-straight presidential term, as incoming leader Lai Ching-te pledged to…

Top Goldman Sachs analyst says the world is moving into a new super cycle

The global economy is moving into a new “super cycle,” with artificial intelligence and decarbonization being driving factors, according to…

A slew of new conflicts could erupt in 2024, analysts say — while the world is watching Gaza and Ukraine

With the eyes of the world on the ongoing wars in Ukraine and Gaza, an unprecedented number of potentially “catastrophic”…

‘Bonds are back’ as markets enter a ‘new paradigm,’ says HSBC Asset Management

LONDON — Markets have entered a “new paradigm” as the global order fragments, while heightened recession risk means that “bonds…

India overtakes Hong Kong to become the world’s seventh largest stock market

India’s stock market value has overtaken Hong Kong’s to become the seventh largest in the world as optimism about the…

China vows to ‘moderately’ strengthen fiscal policy to bolster economic recovery

China’s top decision-making body of the ruling Communist Party on Friday said the country’s fiscal policy “must be moderately strengthened”…

China’s economy has a ‘steep hill to climb’ despite positive export surprise, HSBC says

The Chinese economy still has a “steep hill to climb” despite a surprise pickup in exports and is unlikely to…