GDP for the ASEAN six is expected to increase by an average of 5.1% annually until 2034, outpacing China's projected growth of 3.5% to 4.5%. (Source photos by Ken Kobayashi and Reuters)
Economy

Southeast Asia to outpace China's GDP growth and foreign investment: report

Think tank projects 5.1% average growth next decade in six key economies

1 August 2024
President Xi Jinping must know property-related tax reform is needed, but party cadres with vested interests stand in his way. (Nikkei montage/Source photos by Yusuke Hinata)
China up close

Analysis: 'Chinese dream' gives way to an urban legend in Shenzhen

Real estate heartache leads to a tale of couples feigning divorce to get a loan

1 August 2024
The BOJ's monetary policy decision on July 31 sent the Japanese yen to a high it had not touched since mid-March. (Photo by Nanami Sato)
Currencies

Yen jumps on BOJ chief's hawkish stance

Kazuo Ueda remains open to further rate hikes, pending economic growth and inflation

31 July 2024
A street in Taipei. The Taiwanese economy performed better than expected in the second quarter.
Economy

Taiwan's Q2 GDP tops forecasts on AI boom

Economy grows more than 5% as full-year picture brightens

31 July 2024
Bank of Japan Gov. Kazuo Ueda speaks at a news conference after its policy meeting in Tokyo on July 31. (Photo by Yutaka Miyaguchi)
31 July 2024
A thermometer shows a temperature of 44C in Athens, Greece, on July 18.
Opinion

World should take note of a new trade and climate change deal

ACCTS agreement between 4 small nations is a practical model for all economies

31 July 2024
A steel mill in Hubei province. China's manufacturing activity declined for the third straight month in July as orders shrank.
Economy

China's factory activity shrinks for third month amid tepid demand

Stimulus measures have so far failed to revive business confidence

31 July 2024
While Southeast Asian retailers and manufacturers are seeking relief from what they see as unfair competition, government officials are trying to persuade Chinese companies to invest in local production, especially in high-tech sectors. (Illustration by Daniel Garcia)
The Big Story

Southeast Asia pushes back on cheap Chinese imports

E-commerce and EVs force balancing between tariffs and pursuit of high-tech investments

31 July 2024
The Bank of Japan will discuss increasing the policy rate to 0.25% at its two-day policy board meeting through July 31. (Photo by Satoko Kawasaki)
Bank of Japan

BOJ to weigh rate hike to 0.25% at Wednesday policy meeting

Japan central bank seen halving JGB purchases within 2 years amid steady inflation

31 July 2024
IPEF nations have established a network that will take action whenever supply chains are disrupted.
Supply Chain

South Korea, Japan to help crisis-proof Indo-Pacific supply chain

14 IPEF members to share chips and medical supplies in emergencies

31 July 2024
A Harley-Davidson Japan office in Tokyo has been inspected over allegations that the subsidiary of the American motorcycle maker breached the Antimonopoly Act.
Automobiles

Harley-Davidson Japan faces probe over excessive sales quotas

Antitrust watchdog looks into allegations dealers were forced to buy unsold units

30 July 2024
A shopping complex in Chengdu, Sichuan province, China. The country's top leadership is calling for a boost in domestic demand, while keeping an eye on risk in sectors such as property.
Economy

China's Politburo calls for consumption boost to drive 2024 growth

Top leadership acknowledges 'many' risks, calls for acceleration of fiscal policies

30 July 2024
With China's domestic demand stagnant due to a prolonged real estate slump, foreign companies see diminished benefits to expanding into the country.
Business trends

China M&A deals down 45% in first half as economic slump continues

Tighter regulations at home and abroad make acquisitions harder to complete

30 July 2024
The Bank of Japan is grappling with policy as a deeply depreciating yen stokes import prices and saps consumers' purchasing power. (Source photos by Nanami Sato and Pool)
Market Spotlight

'Wishy-washy' BOJ keeps investors guessing on next move

Central bank set to release tapering plan, mull timing of rate hike

29 July 2024
Global Power analyzed data from its 42,000 registered users as of May, focusing on their current addresses and desired employment locations. (Global Power)
Japan immigration

Less than half of foreign workers want to remain in Japan's countryside

Challenges emerge ahead of 2027 change letting trainees switch jobs sooner

28 July 2024
Thailand's Prime Minister Srettha Thavisin explains about digital wallet program in Bankok on Nov. 10. (Photo by Hiroki Endo)
Your Week in Asia

Quad FM meeting, BOJ monetary policy, digital wallet stimulus in Thailand

Your weekly lineup of Asia's biggest business and political events

28 July 2024
China's recent gold boom is highlighted by the popularity of 1-gram gold beans. (Photo by Tomoya Takayama)
Commodities

China's Gen Z gold buyers treat themselves to little bits of bling

Younger generation helps drive rise in Chinese buying of precious metal

28 July 2024
A car seat assembly line at a factory in Shanghai. China posted a 3.6% year-on-year rise in industrial profits for June.
Economy

China's industrial profits rise faster despite faltering economy

Data shows 3.6% jump for June after 0.7% uptick in May

27 July 2024
Battery manufacturer CATL shows off its technology at the Beijing International Automotive Exhibition, also known as Auto China 2024, in April.
Electric vehicles

CATL state subsidies jump by 35% amid EU squeeze on China EVs

Rise in aid outpaces net profit growth; company sues domestic rival for IP infringement

27 July 2024
Members of the World Trade Organization released an agreement on e-commerce rules following negotiations that began in 2017.
Trade

WTO members reach digital trade deal to ban tariffs on data

Proposed e-commerce rules also cover cybersecurity and regulatory transparency

27 July 2024
A Chinese bullet train maintenance station in Xi'an. State-owned enterprises will invest 3 trillion yuan ($413.8 billion) on equipment upgrades over the next five years.
Economy

Chinese state enterprises to pour $414bn into equipment upgrades

Beijing backs investment and consumer trade-ins after plenum; appliance shares jump

26 July 2024
Electricity theft and distribution problems caused by line losses have left Pakistan's government short of revenue.
International relations

Pakistan under pressure to renegotiate hefty Chinese power deals

Beijing unlikely to concede to Islamabad's request, experts say

26 July 2024
Gold has traditionally been seen as a safe haven in times of geopolitical and economic uncertainty.
Commodities

China's central bank has been a big buyer of gold. Will it continue?

PBOC accounted for 5% of global demand for precious metal in 2023

26 July 2024
China will double subsidies for those trading in cars for electric vehicles and other new energy vehicles. (Photo by Shizuka Tanabe)
Economy

China injects $41bn to subsidize car, appliance purchases

Beijing looks to stimulate domestic spending amid overcapacity criticism

25 July 2024
In this photo provided by the Philippine Coast Guard, an aerial survey is conducted as part of an oil spill response operation in Manila Bay on July 25. The sinking of a tanker raised fears over a possible spill. (Philippine Coast Guard via AP)
Natural disasters

Taiwan and Philippines lashed by typhoon, oil tanker sinks

Dozens killed in flooding and landslides as storm moves toward China

25 July 2024