Asia Economy
Once high-flying Chinese tech giants are now looking to scale back costs
Alibaba has faced progress troubles amid regulatory tightening on China’s domestic know-how sector and a slowdown in the world’s 2nd-biggest financial system. But analysts think the e-commerce giant’s advancement could decide up by the relaxation of 2022. Kuang Da | Jiemian Information | VCG | Getty Photographs Chinese tech giants Alibaba and Tencent normally speak […]
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U.S., Taiwan to start formal trade talks under new initiative
This photo taken on August 11, 2022 shows Taiwanese flags on a street lane as tourists walk past in Taiwan’s Kinmen islands. The United States and Taiwan on Wednesday agreed to start trade talks under a new initiative, saying they wanted to reach agreements with “economically meaningful outcomes,” in another sign of stepped up U.S. […]
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U.S. Navy is seeing more ‘unsafe’ aerial intercepts by China, says Seventh Fleet commander
U.S. Navy P-8 Poseidon aircraft. Nurphoto | Nurphoto | Getty Images SINGAPORE — The commander of the U.S. Seventh Fleet said on Tuesday that he’s seen an increase in “unsafe” aerial intercepts by the Chinese military in the South China Sea region. As recently as May, a Chinese fighter aircraft allegedly intercepted a Royal Australian […]
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Here’s why Indians have the highest confidence to travel in Asia-Pacific
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email In a new survey of 11,000 people in Asia-Pacific by Booking.com, Indian respondents far exceeded regional averages in terms of their likelihood to travel and their willingness to accept travel disruptions and delays, CNBC’s Monica Pitrelli reports. Source
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Huawei’s second quarter revenue rises slightly from a year ago
Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020. Pictured here on July 8, 2022, is a Huawei flagship store in Shenzhen, Guangdong province of China. Jade Gao | Afp | Getty Images BEIJING — Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly […]
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This Chinese province set a 9% GDP target — but then it locked down
Sanya, on the southern coast of Hainan, was the top destination for couples flying from three of China’s largest cities last week for China’s version of Valentine’s Day, according to booking site Trip.com. Lucas Schifres | Getty Images News | Getty Images BEIJING — China’s tourist-heavy province of Hainan is falling further behind lofty growth […]
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Here’s where China’s real estate troubles could spill over
China’s real estate industry accounts for more than a quarter of national GDP, according to Moody’s. Pictured here is a residential complex under construction on Dec. 15, 2021, in Guizhou province. Costfoto | Future Publishing | Getty Images BEIJING — China’s real estate troubles could spill into other major sectors if the problems persist — […]
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How do people in Asia-Pacific feel about travel right now? It depends on where they live
For the most part, residents of Asia-Pacific can travel again. But some are more confident about packing their bags than others. Travel confidence is “diverse and nuanced” in the region, according to a new survey commissioned by the travel website Booking.com. Some 11,000 people in the region were polled about their comfort levels and concerns, […]
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Apple supplier Foxconn cautious on outlook as smartphone sales slow
Apple Inc supplier Foxconn reported that it beat its April-June net profit expectations. Photo by Lam Yik Fei/Bloomberg via Getty Images Apple Inc supplier Foxconn gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand after a pandemic-fuelled boom. The comments from the Taiwanese company, the world’s […]
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Nearly half of Singaporeans want to travel to one place – and it’s not Malaysia
Some 49% of Singaporeans say they are considering Japan for their next vacation abroad, according to the market research firm YouGov. Interest may be even higher among young citizens. Some 68% of Singaporeans aged 16 to 24 years old indicated they are considering Japan for their “next vacation,” compared to 37% of those aged 55 […]
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