Asia Economy
Japan plans automated cargo transport system to relieve shortage of drivers and cut emissions
Delivery men unload a truck at night in Shinjuku, Tokyo. Stanislav Kogiku | SOPA Images | LightRocket | Getty Images Japan is planning to build an automated cargo transport corridor between Tokyo and Osaka, dubbed a “conveyor belt road” by the government, to make up for a shortage of truck drivers. The amount of funding […]
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Australia to slash $10 billion off student debt amid cost of living pressures
A file photo from April 6, 2016 of the University of Sydney campus. Brendon Thorne | Getty Images News | Getty Images Australian Prime Minister Anthony Albanese said on Sunday that his government planned to cut student loans for around three million Australians by 20%, wiping off around 16 billion Australian dollars ($10 billion) in […]
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China’s Premier Li Qiang to speak at import expo in Shanghai
Li Qiang, China’s premier, delivers a special address on the opening day of the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Bloomberg | Bloomberg | Getty Images China’s Premier Li Qiang will deliver remarks at the opening ceremony of this week’s China International Import Expo, the Chinese commerce ministry said on Sunday, […]
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China’s Zeekr reports EV deliveries in October nearly doubled, clocks its best monthly numbers
ZEEKR EV cars are displayed at the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024. Chalinee Thirasupa | Reuters Chinese electric carmaker Zeekr said Thursday its deliveries surged by 92% in October from a year ago, helping the company clock its best month at 25,049 vehicles. That beat the prior record of […]
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ASEAN continues to emerge as a winner of U.S.-China trade tensions, IMF says
The Association of Southeast Asian Nations (ASEAN) has continued to emerge as an economic winner of increasing geopolitical tensions between China and the United States, though risks from fragmentation remain, the International Monetary Fund (IMF) says. According to the U.N. agency, the region has long benefited from decades of globalization, building strong trade links with […]
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China’s manufacturing output swings back into expansion in October, private survey finds
Workers assemble at a workshop of an equipment manufacturing enterprise in Yunmenshan Street, Qingzhou city, East China’s Shandong province, Aug. 9, 2023. Costfoto | Nurphoto | Getty Images China’s factory activity swung back into expansion among smaller manufacturers in October, according to a private survey released on Friday. The Caixin/S&P Global manufacturing PMI came in […]
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Asia markets set for a mixed open after key Wall Street benchmarks clock worst day in 2 months
SHANGHAI, CHINA – MARCH 01: Skyscrapers stand at the Pudong Lujiazui Financial District on March 1, 2022 in Shanghai, China. Xiao Yang | Visual China Group | Getty Images Asia-Pacific markets were set to open mixed Friday, after Wall Street benchmarks the Nasdaq Composite and S&P 500 suffered their worst day in nearly two months […]
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Federal Reserve rate cuts could prove to be a boon for Southeast Asian economies
A Thai investor checks an electronic board showing stock prices. Amphol Thongmueangluang | SOPA Images| LightRocket | Getty Images The U.S. Federal Reserve’s decision to cut interest rates in September, with further reductions expected, could prove to be a boon for the emerging economies of Southeast Asia. “We’re very confident and optimistic with the rate […]
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China’s factory activity expands for the first time since April, official survey shows
Robots manufacture auto parts at a factory in Ningde, China, on Oct. 17, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s official purchasing managers’ index for October came in at 50.1, in expansionary territory for the first time since April, according to National Bureau of Statistics data released Thursday. The data beat expectations […]
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Asia markets mostly slip ahead of Bank of Japan decision, China factory activity figures
Kazuo Ueda, governor of the Bank of Japan (BOJ), speaks during a news conference at the central bank’s headquarters in Tokyo, Japan Bloomberg | Bloomberg | Getty Images Asia-Pacific markets slipped Thursday as investors look to the Bank of Japan’s rate decision, as well as key business activity figures from China. Economists polled by Reuters […]
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