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ASIA: The US in cracking down on China to commit to phase one of the trade agreement made under the Trump Administration. China agreed to buy at least $200

Spread the love ASIA: Singapore recorded its strongest economic growth in 11 years in the second quarter of 2021, rebounding from its worst economic slump on record a year ago due to the Covid-19 pandemic. The Southeast Asian economy surged 14.3% in the second quarter compared with the same period a year ago, according to advance estimates by the Ministry of Trade and Industry.   NIKKEI 225 decreased 139.19 points or -0.50% to 27,641.83 Shanghai decreased 16.29 points or -0.47% to 3,447.99 Hang Seng decreased 40.98 or -0.16% to 26,194.82 ASX 200 decreased 16.90 points or -0.23% to 7,474.50 K...

ASIA: Chinese and US senior trade officials held a virtual meeting to ramp up trade talks. Chinese Vice Premier Liu He held a virtual meeting with US Treasury

Spread the love ASIA: The International Monetary Fund said on Thursday the recent jump in COVID-19 cases in India posed downside risks to the Fund’s April forecast for 12.5% growth in India’s economic output in fiscal years 2021 and 2022. The IMF will revisit that forecast when it issued a fresh World Economic Outlook in July, IMF spokesman Gerry Rice told reporters at a regular briefing, but gave no further details. The major Asian stock markets had a mixed day today: NIKKEI 225 increased 26.45 points or 0.09% to 29,357.82 Shanghai decreased 22.41 points or -0.65% to 3,418.87 Hang Seng d...

Spread the love ASIA: China’s growth is likely to moderate in the coming months as the country faces risks on two fronts, according to the chief Asia economist of Goldman Sachs. Goldman Sachs economist Andrew Tilton said the policy makers are quite comfortable with the recovery so far and are starting to pull back on policy stimulus to some degree. The world’s second-largest economy showed robust GDP growth in the fourth quarter of 2020, expanding at 6.5% compared to a year ago. It beat market expectations and made China one of the few major economies in the world to record positive growt...