What’s Happened to China’s Economy? by Zhang Jun

Since Deng Xiaoping launched China’s economic reform in 1978, policymakers have usually managed to strike a dynamic balance between local-government accountability and innovation. Today, however, centralization is encouraging local officials to keep their heads down, with serious implications for China’s growth prospects. SHANGHAI – Last January, China’s government forecast that the country’s economy – which, … Read more

Asia markets trade higher after US stocks rally for a second day

A man walks past the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. Toru Hanai | Bloomberg via Getty Images Shares in the Asia-Pacific traded higher on Wednesday after US stocks rallied for a second day. Hong Kong’s Hang Seng index jumped 4.4% before … Read more

As China’s Economy Stutters, the Elderly Are Emerging as Big Spenders

Zheng Peijun hasn’t let China’s “zero-COVID” restrictions stop her having a good time. Before the pandemic, the 60-year-old used to go on vacations all over the world: to the United States, Southeast Asia, and a dozen different European countries. This year, she’s had to stay within China, but she’s traveling even more than before. This … Read more

Asian stocks mixed after Wall Street slump; China PMI beats estimates

Factory activity in China expected to contract again China’s official manufacturing Purchasing Managers’ Index for September is expected to come in below the 50-point mark separating growth from contraction, according to a Reuters poll of analysts. Economists expect a figure of 49.6, slightly higher than August’s 49.4, which would mark the third consecutive month of … Read more

Asia markets rise, Hang Seng index up 2% after Wall Street rebound

EV maker Leapmotor’s shares plunge in Hong Kong debut Chinese electric vehicle maker Leapmotor’s shares tumbled more than 32% from its offer price of 48 Hong Kong dollars ($6.29) per share on its first day of trade in the city. Onewo, a subsidiary of property developer China Vanke, also started trading in Hong Kong. It … Read more

Stocks fall, Chinese yuan crosses 7.2 against the dollar

Consumer inflation in Japan could decline in 2023: BOJ meeting minutes Consumer inflation excluding fresh food is likely to rise this year, but the rate of increase will slow thereafter on energy prices, minutes from the Bank of Japan’s July meeting said. A few members also said inflation, excluding fresh food and energy, is unlikely … Read more

Asian stocks slide for 3rd day on economic growth fears

BEIJING (AP) — Asian stocks fell for a third day Friday after more rate hikes by the Federal Reserve and other central banks to control persistent inflation spurred fears of a possible global recession. Shanghai, Hong Kong, Seoul and Sydney declined. Oil prices edged lower. Japanese markets were closed for a holiday. Wall Street’s benchmark … Read more

Asia markets mostly fall, China stocks rise slightly

An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Tuesday, Feb. 6, 2018. Brandon Thorne | Bloomberg via Getty Images Asia-Pacific shares mostly fell on Friday as investors continue to weigh the Federal Reserve’s aggressive stance. In Australia, the S&P/ASX 200 fell 1.56% on its … Read more

Fed hike, Bank of Japan, interest rates, currencies

Bank of Japan likely to maintain yield curve control for rest of 2022: DBS Substantial adjustments to the Bank of Japan’s policies are likely to happen only after the central bank’s leadership changes in mid-2023, DBS Group Research said in a note Tuesday. But the BOJ may consider some “policy fine-tuning,” such as widening the … Read more

Japan CPI inflation, China loan prime rate, currencies

CNBC Pro: Fund manager says the bear market is going to get ‘nasty’ Fund manager Cole Smead believes the stock market is still in the early innings of a bear market — and warns that it won’t be a “garden variety” one. But, he is not losing any sleep over it. Here’s why: Pro subscribers … Read more