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GDP

South China Sea: Philippines says ‘not turning against’ Beijing, economy doing well despite maritime feud

by Walter Watson
South China Sea: Philippines says ‘not turning against’ Beijing, economy doing well despite maritime feud

The Philippines said geopolitical tensions with Beijing have not affected the Southeast Asian nation’s economy and the government is still willing to work with Chinese investors. “There doesn’t seem to …

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Hong Kong labour chief Chris Sun defends new minimum wage formula, saying employers can afford it

by Ron Morgan
Hong Kong labour chief Chris Sun defends new minimum wage formula, saying employers can afford it

Hong Kong’s new formula for adjusting the minimum wage will not affect company bottom lines because employers can afford it, the labour minister has said in defence of the mechanism. …

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Opinion | To call the likes of China and India ‘developing’ is, frankly, insulting

by Walter Watson
Opinion | To call the likes of China and India ‘developing’ is, frankly, insulting

And while “less developed” may have described China back in the 1970s when most of its people lived in poverty, it no longer does for a country where extreme poverty …

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U.S. Federal Reserve holds interest rate, saying it will take ‘longer than expected’ to start cutting

by Walter Watson
U.S. Federal Reserve holds interest rate, saying it will take ‘longer than expected’ to start cutting

The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have …

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Opinion | China is still a developing country despite what US leaders might say

by Ron Morgan
Opinion | China is still a developing country despite what US leaders might say

However, the United States does not want to recognise China’s status as a developing country. In 2019, the Trump administration published a memo on developing-country status in the World Trade …

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Poilievre blasts budget, won’t commit to keeping new social programs like pharmacare

by Akin Smith
Poilievre blasts budget, won’t commit to keeping new social programs like pharmacare

Conservative Leader Pierre Poilievre delivered an hour-long rebuttal to the Liberal government’s budget Thursday — a fiery speech that depicted the multi-billion dollar spending plan as a threat to the …

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Opinion | How sustainability is driving China’s next economic transformation

by Walter Watson
Opinion | How sustainability is driving China’s next economic transformation

There was some good news for China’s economy this week, with first-quarter gross domestic product (GDP) figures better than expected. However, structural and cyclical issues persist, and the consequences of …

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Fitch cuts outlook for China’s state-owned banks from stable to negative citing Beijing’s limited capacity to support them

by Anas Siddiqui
Fitch cuts outlook for China’s state-owned banks from stable to negative citing Beijing’s limited capacity to support them

Regarding the adjustment for the banks’ outlook, Fitch said on Tuesday that the current size of China’s banking system is an important factor limiting the amount of support the central …

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Faced with a possible second Trump presidency, French PM says Europe needs security independence

by Walter Watson
Faced with a possible second Trump presidency, French PM says Europe needs security independence

As the world braces for an election that could return Donald Trump to the White House, the prime minister of France says he doesn’t want his country’s security, or the security of …

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China’s central bank sees resolve for stable yuan, stimulus tested as Fed holds firm on rates

by Walter Watson
China’s central bank sees resolve for stable yuan, stimulus tested as Fed holds firm on rates

Although China’s central bank has hinted at plans for more monetary easing, uncertainty over the exact timing of US interest rate cuts and renewed depreciation pressures on the yuan are …

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