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(Jan 26): President Xi Jinping’s decision to dismantle Covid travel restrictions is accelerating an exodus by wealthy Chinese, who could fuel billions in capital outflows as they plow cash into property and assets abroad. Since the end of Covid Zero in December, many rich Chinese have begun traveling overseas to check out real estate or firm up plans to emigrate, immigration consultants said in interviews. That’s threatening a brain drain in the world’s second-largest economy as well as outflows that could pressure its financial markets.

The Bank of Japan defied hawkish speculation and held policy steady this morning, sending the yen lower. Some market confusion was also genera

China’s economic growth fell to its second-lowest level in at least four decades last year under pressure from anti-virus controls and a real estate slump, but activity is reviving after restrictions that kept millions of people at home and sparked protests were lifted. The world’s No. 2 economy grew by 3% in 2022, less than…

BEIJING -- China's economic growth fell to its second-lowest level in at least four decades last year under pressure from anti-coronavirus controls and a real estate slump, but activity is reviving after restrictions that kept millions of people at home and sparked protests were lifted.

GDP growth slowed to 3% in 2022, missing government’s target - Economists expect recovery this year after Covid wave passes