Page 2 - Frederic Neumann News Today

The country’s property bust has saddled its steelmakers with a glut of unsold metal that they are now shipping overseas at knockdown prices.

Japan is well-known for following dovish monetary policies to stimulate economic activity. As the world's third-largest economy has held its key interest rates at negative 0.1% since February 2016. While the country successfully navigated through post-pandemic inflation woes without raising benchmark interest rates, the stickier-than-expected inflation trajectory drove the Bank of Japan (BOJ) to adopt a more hawkish approach last week, marking the first rate hike in 17 years. Don't Mis...

China has reported a record upsurge in travel and consumption during a longer-than-usual Lunar New Year holiday season, touting the gains as signs that the world’s second largest economy is regaining its footing thanks to the government’s supportive policies.

A resurgence in travel over China’s Lunar New Year holiday is offering some signs of a consumer spending pickup in the world’s second-largest economy as it struggles with low confidence and deflation, reports Caixin. More than 61 million rail trips were made in the first six days of the national holiday, according to official reports.…

More than 61 million rail trips were made in the first six days of the festive period, up 61 per cent from 2023. Read more at straitstimes.com.

A resurgence in travel over Chinas Lunar New Year holiday is offering some signs of a consumer spending pickup in the worlds second-largest economy. Rail trips exceeded expectations, surpassing 2023, despite low confidence and deflationary pressures. The economy is struggling with a property crisis and consumer prices are dropping.

With many economists foreseeing a continued deceleration of economic growth for three of Asia’s largest economies, namely China, Japan and India, it is interesting to see how this could affect Malaysia’s gross domestic product (GDP) expansion.

China's central bank faces a major hurdle in quelling the threat of deflation: more credit is flowing to productive forces than into consumption, exposing structural flaws in the economy and reducing the effectiveness of its monetary policy tools. The People's Bank of China (PBOC) is under pressure to cut interest rates as falling prices raise real borrowing costs for private businesses and households, curbing investment, hiring and consumer spending.

Chinas central bank faces a major hurdle in quelling the threat of deflation: more credit is flowing to productive forces than into consumption, exposing structural flaws in the economy and reducing... -January 10, 2024 at 01:00 am EST - MarketScreener

BEIJING: New bank loans in China likely rose in December, bringing 2023 lending to a new record high, a Reuters poll showed, as the central bank keeps policy accommodative to support a shaky economic recovery. Chinese banks are estimated to have issued 1.40 trillion yuan (US$195.55 billion) in net new yuan