Asia Economy

China's economic numbers come in better than expected, but 'difficulties and challenges' remain

China’s economic numbers come in better than expected, but ‘difficulties and challenges’ remain

New energy vehicles, which include hybrid and battery-powered cars, have seen sales surge in China despite a slump in the overall car market. Pictured here is an unnamed new energy vehicle factory in Jiangsu province on June 13, 2022. Wan Shanchao | Visual China Group | Getty Images BEIJING — China released economic data for …

China’s economic numbers come in better than expected, but ‘difficulties and challenges’ remain Read More »

Australia's central bank raises rates by 50 basis points in hawkish surprise

Australia’s central bank raises rates by 50 basis points in hawkish surprise

People walk past the Reserve Bank of Australia building in Sydney. On May 3, 2022, Australia’s central bank raised interest rates for the first time in more than a decade to curb souring consumer prices. Saeed Khan | AFP | Getty Images Australia’s central bank on Tuesday raised interest rates by the most in 22 …

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China faces a nearly $1 trillion funding gap.  It will need more debt to fill it.

China faces a nearly $1 trillion funding gap. It will need more debt to fill it.

During the first four months of the year, investment in real estate development fell by 2.7% from a year ago. Pictured here is a project in Qingzhou, Shandong province, on May 15, 2022. CFOTO | Future Publishing | Getty Images BEIJING — The Chinese government faces a growing shortfall of cash, analysts say, as they …

China faces a nearly $1 trillion funding gap. It will need more debt to fill it. Read More »