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BUSINESS

China's big banks post Q3 profit gains

Business, Reuters, Published on 01/11/2024

» BEIJING/SHANGHAI — China's largest lenders posted increases in their third-quarter profits on Wednesday, mostly on reduced provisions, with slimmer net interest margins for some.

BUSINESS

3 ways to advance the EV industry in 1 year

Asia focus, Terrence Lim, Published on 11/07/2022

» The verdict is in: the future is electric. Global electric vehicle (EV) sales are projected to soar to 31.2 million units by 2030, compared with 2.5 million in 2020, according to the consultancy Deloitte. It sees EVs making up 32% of all motor vehicle sales by 2030, and other industry analysts estimate that by 2040, electric cars will outsell internal-combustion engine (ICE) models.

BUSINESS

Creating Asean's interconnected energy future

Asia focus, Kar Min Lim and Marko Lackovic, Published on 04/07/2022

» A comprehensive interconnection of Southeast Asia's power grid has been a long-held dream, first emerging into serious discourse in the 1980s. Now, almost four decades later, we might finally be approaching a moment when the pressure for climate action moves this idea towards a more established reality.

BUSINESS

China debates a financial stability guarantee fund

Asia focus, Wei Hongxu, Published on 16/05/2022

» A Chinese government proposal for a financial stability guarantee fund to safeguard against systemic risks has attracted attention from many parties. Some have differing opinions on how to best resolve the current financial risks related to defaults and debt reduction, especially among property developers.

BUSINESS

Will China hit its growth target?

Asia focus, Shang-Jin Wei, Published on 09/05/2022

» In early March, Premier Li Keqiang announced that China was targeting GDP growth of "about 5.5%" this year. That would be ambitious even without Russia's war against Ukraine and the attendant increases in global energy and food prices.

BUSINESS

IMF Says China's Economic Imbalances Have Worsened

Business, Lingling Wei, Published on 31/01/2022

» Imbalances in the Chinese economy have worsened and delayed China's transition to consumption-led growth, the International Monetary Fund said in an annual review on Friday, slashing its outlook for the country this year.

BUSINESS

The End of Car Keys, Passwords and Fumbling With Your Phone at Checkout

Business, Christopher Mims, Published on 10/01/2022

» For all the attention on tech companies and location tracking in recent years, our gadgets are actually surprisingly bad at knowing precisely where they are at any given moment. That's about to change.

BUSINESS

The Unlikely Revolutionaries Who Want to Reboot the Internet

Business, Christopher Mims, Published on 20/12/2021

» The internet hasn't turned out the way it was supposed to.

BUSINESS

Why is China's growth rate falling so fast?

Asia focus, Shang-Jin Wei, Published on 01/12/2021

» In early 2021, the consensus forecast for Chinese gross domestic product (GDP) growth this year among 25 major global banks and other professional forecasters was 8.3%. In contrast, the Chinese government's own target was around 6%.

BUSINESS

Move Over, GE. Tech Giants Are the New Leaders of Industry.

Business, Christopher Mims, Published on 29/11/2021

» The eulogies for the corporate conglomerate have been pouring in fast. But in fact, these monsters of modern business are now bigger, more powerful and perhaps more world-consumingly durable than ever -- they also look very different than in the past.