China
The Asian nation where 35% of people say they’ll ‘never travel’ again
Everyone is traveling, it seems. Data shows people are traveling more often and for longer periods of time, with many planning big bucket list-style trips this year. But this isn’t the reality for all. Another group of people are quietly emerging from the pandemic with little to no interest to travel anymore. Where ‘never travelers’ […]
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Concession awards mark a reset for Macao casinos
Macao’s federal government depends on casinos for in excess of 80% of its cash flow, with most of the population employed right or indirectly by the casino business. Dragon For Real | Second | Getty Images With obligatory quarantines lifted, ferry and airline support resuming, and licenses renewed, casinos hope 2023 marks a new commencing […]
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Asia-Pacific marketplaces trade decreased as economic downturn fears grow
November retail gross sales are weaker than predicted Retail and meals solutions revenue fell .6% in November immediately after soaring 1.3% in the prior thirty day period, in accordance to the Commerce Section. That was down below Dow Jones estimates of a .3% decrease. Excluding autos, retail income dipped .2%, beneath Dow Jones estimates for […]
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10 U.S. stocks to acquire as China eases Covid limitations and seems to reopen
Shares with substantial exposure to China could stand to attain if the nation moves away from its Covid protocols subsequent year, in accordance to Jefferies. A continuation of China’s “zero-Covid” plan has apprehensive business enterprise leaders all over the earth who perspective the place as a key section of the world wide supply chain. But […]
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U.S. slaps limitations on Chinese chipmaker and other corporations around countrywide protection anxieties
Armed forces autos carrying DF-5B intercontinental ballistic missiles participate in a army parade at Tiananmen Square in Beijing on October 1, 2019, to mark the 70th anniversary of the founding of the Peoples Republic of China. Greg Baker | AFP | Getty Illustrations or photos The Biden administration stated Thursday it was “severely” limiting dozens […]
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China’s reopening brings both risks and opportunities, Asian Development Bank says
China’s reopening could bring opportunities as well as risks to its economy, Albert Park, chief economist at the Asian Development Bank told CNBC. Although the lifting of Covid restrictions in China would boost growth prospects for the country and other economies, it could also lead to an increase in Covid-19 cases, he said Wednesday. “The […]
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Asia’s year in review: Who had it good — and who had it bad — in 2022
Police officers step into the vandalized gateway to Sri Lanka’s presidential palace in July. The country has been hit hard by an economic crisis. Abhishek Chinnappa | Getty Images News | Getty Images Curtis S. Chin, a former U.S. ambassador to the Asian Development Bank, is managing director of advisory firm RiverPeak Group. Jose B. […]
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Morgan Stanley upgrades its 2023 development outlook for China, expects much better and before rebound
Workers performing on the manufacturing line of carbon fiber badminton rackets at a factory in Sihong County, in China’s Jiangsu province. China documented Saturday that factory activity in April contracted at a steeper tempo as Covid-19 lockdowns halted industrial manufacturing and disrupted supply chains. Visible China Team | Getty Pictures Morgan Stanley elevated its outlook […]
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China will arrive by the Covid reopening, but it is likely to be a bumpy ride
ShareShare Short article via FacebookShare Short article by means of TwitterShare Article by means of LinkedInShare Report via E-mail CNBC’s Ted Kemp discusses why China’s reopening from Covid-19 will not pose a wonderful threat to President Xi Jinping—but the financial restoration will not just take a smooth trajectory. Resource
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Lawmakers unveil bipartisan monthly bill that aims to ban TikTok in the U.S.
U.S. Senator Republican Marco Rubio presents a speech at the Conservative Political Motion Meeting (CPAC) in Orlando, Florida, February 25, 2022. Octavio Jones | Reuters A new monthly bill from a bipartisan team of lawmakers, if handed, would ban TikTok in the U.S. after years of broad worry throughout the Trump and Biden administrations about […]
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