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ASIA: The global economic fallout of the war in Ukraine is expected to negatively impact India's economy, while the immediate impact of the conflict on China is likely to be relatively small, the IMF said on Thursday. The IMF said it will lead to higher inflation and current account deficit. The major Asian stock markets had ....
Spread the lovemore ASIA: China’s factory-gate inflation eased to its slowest pace in six months and consumer price growth also softened in January amid weakening property sector demand, new coronavirus curbs and government efforts to rein in surging materials costs. The producer price index (PPI) increased 9.1% from a year ago, the National Bureau of […] ....
ASIA: China's dramatic steps to contain the coronavirus this summer have taken a toll on consumer confidence in the country and are fueling concerns about the ....
Spread the love ASIA: NATO leaders warned on Monday that China presents “systemic challenges,” taking a forceful stance towards Beijing in a communique at Joe Biden’s first summit with an alliance that Donald Trump openly disparaged. The new U.S. president has urged his fellow NATO leaders to stand up to China’s authoritarianism and growing military might, a change of focus for an alliance created to defend Europe from the Soviet Union during the Cold War. China has accused the United States of trying to sow discord in its relations with Europe and called on European nations not to tie themselves to the US strategy. China also vowed to take action against NATO, which labeled Beijing a challenge to the security alliance. ....
Spread the love ASIA: China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading. Under the ban, such institutions, including banks and online payments channels, must not offer clients any service involving cryptocurrencies, such as registration, trading, clearing and settlement, three industry bodies said in a joint statement on Tuesday. China has banned crypto exchanges and initial coin offerings but has not barred individuals from holding cryptocurrencies. Domestic sales of gasoline and diesel by Indian state refiners plunged by a fifth in the first half of May from a month earlier as lockdowns to curb coronavirus infections hit industrial activities and consumption, preliminary data showed on Monday. Indian fuel demand had recovered to near pre-COVID levels in March but has been declining since April given restrictions amid a staggering spike i ....