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Asia Economy Last Updated: Oct 9, 2015 - 12:32 AM


Asia Economy

The International Monetary Fund (IMF) on Wednesday signaled that China’s renminbi (people's currency in Mandarin)/ yuan (unit) will not be added to the Fund's basket of reserve currencies for at least a year. Meanwhile a working paper by World Bank economists confirms that currency devaluations are losing their firepower.

Aug 20, 2015 - 10:30 AM

Asia Economy

Japan Wednesday reported its biggest trade deficit since February, as exports slowed and the decline in imports widened. On Monday Japan reported that GDP shrunk in the second quarter - the yen has fallen 33% against the US dollar since early 2013 when the Bank of Japan began a massive programme of quantitative easing (bond buying in the market commonly known as money printing).

Aug 19, 2015 - 7:39 AM

Asia Economy

China's exports fell more than expected in July while foreign exchange reserves dipped by $42.5bn in the month.

Aug 10, 2015 - 7:30 AM

Asia Economy

Chinese manufacturing PMI in July fell for a 5th straight month in July while Japan's rose to a 5-month high, according to separate flash survey results published Friday.

Jul 24, 2015 - 7:41 AM

Asia Economy

China's overseas investments are set to triple by 2020 while Ireland received only €99m from €46bn in direct investments in European Union (EU) countries in the period 2000-2014, according to new research.

Jun 26, 2015 - 8:05 AM

Asia Economy

China's economy is expected to overtake the United States in 2026 in nominal GDP (gross domestic product) based on the US dollar, and maintain its position as the largest economy to 2050. India is expected to move up the rankings to third place, with real growth averaging close to 5% up to 2050, according to the latest long-term forecasts of The Economist Intelligence Unit. However, income per capita in advanced countries will remain significant and the Chinese consumer is forecast to have almost half the income of its US counterpart by 2050.

Jun 26, 2015 - 7:59 AM

Asia Economy

China's manufacturing activity contracted for the fourth straight month in June as demand remained sluggish in the world's second-largest economy, a survey by British banking giant HSBC showed Tuesday. Meanwhile, the Flash Japan Manufacturing PMI at 49.9 (50.9 in May) showed that operating conditions deteriorated slightly in June.

Jun 23, 2015 - 2:22 AM

Asia Economy

China's manufacturing sector contracted for a third straight month in May according to a "flash" PMI (purchasing managers' index). Meanwhile Japanese manufacturing returned to growth in the month.

May 21, 2015 - 6:33 AM

Asia Economy

Asia accounts for 40% of global output and two-thirds of global growth. Growth in the region including the Pacific area will continue to outperform the rest of the world, and is expected to remain steady at 5.6% in 2015, easing slightly to 5.5% in 2016, according to the IMF’s Regional Economic Outlook for Asia and the Pacific.

May 12, 2015 - 8:10 AM

Asia Economy

China's exports unexpectedly fell in April 2015 after a dip in March highlighting the weak local economy and the implications for global growth.

May 8, 2015 - 8:02 AM

Asia Economy

China's economic growth slowed to 7% in the first quarter of 2015, down from 7.3 % in the fourth quarter, the National Bureau of Statistics (NBS) announced on Wednesday. It was the lowest year-on-year quarterly growth since the first quarter of 2009.

Apr 15, 2015 - 4:01 AM

Asia Economy

Falling exports and imports in March 2015 and a sharp drop in China's monthly trade surplus point to weak first-quarter economic results this week and the likelihood of further monetary easing by the People's Bank of China, the central bank.

Apr 13, 2015 - 7:41 AM

Asia Economy

The death this week of Lee Kuan Yew (1923-2015) who became prime minister of Singapore in 1959 following the granting of self rule by the British to the city island state and then in 1965 reluctantly declaring independence after a collapse of a federation with Malaysia, has highlighted his stunning economic success in transforming the small multi-ethnic city into one of the world's richest.

Mar 26, 2015 - 8:48 AM

Asia Economy

China's manufacturing activity fell to a 11-month low in March as new orders dipped, a monthly survey published Tuesday showed, confirming continuing weakness in the world's second-largest economy.

Mar 24, 2015 - 8:43 AM

Asia Economy

China's central bank on Saturday cut interest rates to boost the sagging economy as manufacturing activity data remains weak.

Mar 2, 2015 - 7:27 AM

Asia Economy

The Chinese Lunar New Year or Spring Festival as it is more commonly known as on the mainland, is the most important of the traditional Chinese holidays. On Thursday the Year of the Wood Goat begins after a 12-year break.

Feb 17, 2015 - 12:08 AM

Asia Economy

China's manufacturing sector contracted in January, according to reports on Sunday and Monday, providing further evidence of a slowdown in the world's second largest economy.

Feb 2, 2015 - 5:07 AM

Asia Economy

Profits of Chinese industrial businesses rose to 6.47tn yuan (US$1.05tn) in 2014, up 3.3% year on year, official data showed on Tuesday. However, the growth rate plunged 8.9 percentage points from 2013, the National Bureau of Statistics (NBS) said.

Jan 28, 2015 - 7:04 AM

Asia Economy

China's economy grew 7.4% in 2014, in line with market expectations, registering the weakest expansion since 1990 - 24 years ago, the National Bureau of Statistics (NBS) said Tuesday.

Jan 20, 2015 - 7:36 AM

Asia Economy

Services activity in China, Japan and India rose moderately in December, according to PMI (purchasing managers' index) survey data published Tuesday.

Jan 6, 2015 - 3:23 AM

Asia Economy

China is getting more expensive: in 2008-12, growth in earnings outpaced that of productivity in four out of five years. These trends mean that cost competitiveness alone will not be enough to maintain the country’s global manufacturing predominance.

Jan 5, 2015 - 7:21 AM

Asia Economy

China announced today that it had revised its 2013 economic data, adding 3.4% for a final total of 58.8019tn yuan (about US$9.61tn) - the revision is valued at $308bn and the national statistics office says it puts China's GDP (gross domestic product) at 56.5% of the size of the US economy.

Dec 19, 2014 - 8:41 AM

Asia Economy

An flash estimate of China’s factory activity fell to a seven-month low in December, despite a cut in interest rates last month to boost the sluggish economy. Meanwhile Japan's manufacturing activity improved.

Dec 16, 2014 - 7:38 AM

Asia Economy

China's imports unexpectedly fell the most in eight months in November while activity overall in emerging markets slowed.

Dec 8, 2014 - 1:37 AM

Asia Economy

The November purchasing managers' index (PMI) for November showed that the sector stalled in China while manufacturing in South Korea and Indonesia contracted but the sector expanded in India.

Dec 1, 2014 - 5:48 AM

Asia Economy

China's manufacturing output contracted for the first time in six months in November while Japan's manufacturing production growth accelerated to an eight-month high in the month.

Nov 20, 2014 - 8:16 AM

Asia Economy

China's outward investment is expected to catch-up with inbound FDI (foreign direct investment) by 2017 and Ireland is not among the top 67 destinations for Chinese outbound investment in 2014, which illustrates the challenges faced by IDA Ireland, the inward investment agency, in diversifying from dependency on the United States.

Nov 20, 2014 - 7:06 AM

Asia Economy

Japan's economy unexpectedly slipped into recession in the July-September quarter, government data showed Monday - a development that is likely to result in Shinzo Abe, prime minister, delaying the second planned hike in sales taxes.

Nov 17, 2014 - 4:32 AM

Asia Economy

PMI survey data published Wednesday showed that services slowed in China, contracted in Japan and stagnated in India in October.

Nov 5, 2014 - 5:54 AM

Asia Economy

Manufacturing in South Korea and Indonesia contracted in October while there was a moderate improvement in India according to PMI (purchasing managers' index) data published Monday.

Nov 3, 2014 - 6:29 AM

Asia Economy

Two Chinese manufacturing PMI reports show that the sector was trading near stagnation levels in October.

Nov 3, 2014 - 6:01 AM

Asia Economy

The Bank of Japan on Friday made a surprise announcement of more QE (quantitative easing) or commonly called money printing, increasing its asset purchases for the first time in more than a year and a half, as its 2% inflation target looks increasingly unlikely to be achieved. Also today it was reported that annual household spending was down 5.6% in September while wages also fell for the 12th straight month.

Oct 31, 2014 - 4:39 AM

Asia Economy

China's flash manufacturing PMI (purchasing managers' index) in October shows virtual stagnation while Japan's manufacturing index shows moderate growth according to data published Thursday.

Oct 23, 2014 - 7:35 AM

Asia Economy

China’s economy in the third quarter grew at its slowest pace in five years as it struggles with a deflating property market, weak domestic demand and faltering manufacturing.

Oct 21, 2014 - 3:13 AM

Asia Economy

Chinese exports grew at their fastest rate in 19 months in September, expanding 15.3% from a year ago, according to official customs data published on Monday - - despite official optimism, an economist at a leading bank warned that "sadness will return soon."

Oct 13, 2014 - 8:25 AM

Asia Economy

The World Bank cut its 2014-2016 growth forecasts for developing East Asia, noting that China was likely to slow due to policies aimed at putting the economy on a more sustainable footing, and it also cautioned of capital-flight risks to Indonesia.

Oct 6, 2014 - 4:11 AM

Asia Economy

Japanese business confidence slightly improved in September as firms struggle to overcome the April sales tax increase, the Bank of Japan's tankan survey showed Wednesday. However, the manufacturing sector remains weak.

Oct 1, 2014 - 8:43 AM

Asia Economy

Developing Asia will remain the fastest-growing region in the world in 2014 despite a slowdown in China, a new report from the Asian Development Bank said Friday.

Sep 26, 2014 - 3:23 PM

Asia Economy

Chinese manufacturing PMI rose slightly in September signalling that export demand is helping the economy counter the ongoing property slump.

Sep 23, 2014 - 4:26 AM

Asia Economy

Japan today reported a ¥948.5bn ($8.7bn) trade deficit in August, the 26th straight shortfall, as weak demand from China and the US hit exports, the finance ministry said Thursday. Also today the Bank of Japan reported that public/ government debt has topped ¥1,000tn.

Sep 18, 2014 - 3:29 AM

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