Asia

Is India last lifeline for China’s sinking economy? Why the Dragon’s eyes are locked on Delhi
Asia, China

Is India last lifeline for China’s sinking economy? Why the Dragon’s eyes are locked on Delhi

Recent data shows growing pressure on China’s economy. Factory activity has slowed, the property sector is weak and export-focussed companies face trade barriers in developed markets. Because of this, many companies are looking outside China to expand and maintain stable earnings. China’s economic slowdown has begun to influence its outward investment plans, with India emerging as a potential destination for fresh capital flows. Several Chinese companies are exploring opportunities in the Indian market as domestic growth loses pace and external trade conditions become more restrictive. Recent data shows growing pressure on China’s economy. Factory activity has slowed, the property sector is weak and export-focussed companies face trade barriers in developed markets. Because of t...
Hong Kong, Singapore to be biggest winners as global capital flows shift to Asia: DBS CEO
Asia, China, Singapore

Hong Kong, Singapore to be biggest winners as global capital flows shift to Asia: DBS CEO

The two financial hubs are best choices for global investors seeking to diversify their portfolios amid geopolitical risks, Tan Su Shan says Hong Kong and Singapore are set to be the biggest winners in attracting new capital inflows as global investors diversify their asset allocations amid geopolitical risks and trade tensions, according to the top executive at DBS Group. The two Asian financial centres would be the best choice for international investors who previously held overweight positions in US markets but now sought to diversify their portfolios, Tan Su Shan, CEO of the largest lender in Southeast Asia, said in an interview last week. US interest rate cuts and ongoing geopolitical tensions have prompted international investors to eye faster-growing Asi...
India-US trade deal poses serious threat to economy, sovereignty: CPI(M)
Asia, USA, World

India-US trade deal poses serious threat to economy, sovereignty: CPI(M)

The Communist Party of India (Marxist) on Sunday claimed that India has made “sweeping concessions” to the US in the interim trade agreement between the two nations, posing a “serious threat to our economy, agriculture, and national sovereignty”. In a statement, the Left party said the Narendra Modi Government should not go ahead with the deal, and it should be presented before Parliament. India and the US announced on Saturday that they have reached a framework for an interim trade agreement, under which both sides will reduce import duties on a number of goods to boost the two-way trade. “As details of the Indo-US trade deal slowly emerge, it is becoming evident that the BJP-led Union Government has made sweeping concessions to the United States in the so-called ‘interim deal’...
China’s infrastructure finance in Africa: impacts and lessons
Asia, China

China’s infrastructure finance in Africa: impacts and lessons

China has been a major financier of African infrastructure over the past two decades, supporting large-scale projects in sectors such as hydropower, mining and rail. But this role is changing. As bilateral lending declines and the Belt and Road Initiative shifts towards a ‘small and beautiful’ approach, China’s infrastructure finance is increasingly shaped by new priorities – including digital and green technologies – and a more competitive global landscape. This paper takes a retrospective view of China’s infrastructure finance in Africa to draw policy lessons for today’s infrastructure investors. Using case studies across hydropower, rail, digital and renewable energy in Angola, Ethiopia, Guinea, Kenya and Zambia, it examines both the development impacts of Chinese-financed pr...
Singapore to establish national space agency to turn space capabilities into economic growth
Asia, Singapore

Singapore to establish national space agency to turn space capabilities into economic growth

Singapore is setting up a national space agency to anchor its next phase of growth in the global space economy. The aim is to move beyond consuming space services and become “credible contributors to the global space ecosystem,” says Dr Tan See Leng, Minister for Manpower and Minister-in-charge of Energy and Science & Technology in the Ministry of Trade and Industry. The National Space Agency of Singapore (NSAS) will be established on April 1, with Ngiam Le Na appointed as its founding chief executive. The agency will take over and expand the functions of the Economic Development Board's Office for Space Technology and Industry (OSTin), providing what Tan describes as "decisive leadership to seize opportunities in the expanding space economy". Speaking at the Space Summit...
One year after DeepSeek, Chinese AI firms from Alibaba to Moonshot race to release new models
Asia, China, World

One year after DeepSeek, Chinese AI firms from Alibaba to Moonshot race to release new models

Chinese companies are accelerating the rollout of new artificial intelligence models as competition with U.S.-based rivals OpenAI, Anthropic and Google intensifies. Just over a year ago, China-made DeepSeek rocked global markets with the release of an AI chatbot that undercut OpenAI’s ChatGPT on usage fees and production costs, raising questions about the efficacy of U.S. tech restrictions on China. On Tuesday, Beijing-based startup Moonshot AI revealed Kimi K2.5, which claimed to have video-generation and agentic capabilities that outperformed all three of the leading U.S. AI models. Agentic AI broadly refers to AI systems capable of carrying out tasks on behalf of people. The ultimate goal is to have sophisticated agents that work autonomously with minimal user interaction. ...
China–Kyrgyzstan–Uzbekistan Railway Financing Loan Signed 
Asia, China

China–Kyrgyzstan–Uzbekistan Railway Financing Loan Signed 

CKU Railway Company LLC, a joint venture formed by the People’s Republic of China (PRC), Kyrgyzstan, and Uzbekistan and a syndicate of PRC banks, signed a loan agreement to finance the  $4.7 billion China–Kyrgyzstan–Uzbekistan (CKU) railway construction project on December 16 in Bishkek, Kyrgyzstan (Times of Central Asia, December 17, 2025). Under the deal, the PRC will provide $2.3 billion, approximately half of the project’s cost, as a 35-year loan to be repaid by the joint venture company. The remaining amount will be provided by the three countries, with the PRC contributing 51 percent and Kyrgyzstan and Uzbekistan each contributing 24.5 percent. Speaking at the signing ceremony, Kyrgyzstan’s Deputy Chairman of the Cabinet of Ministers Bakyt Torobayev said, “This achievement ...
House Seeks Say Over AI Chip Sales After Nvidia’s China Win
Asia, China, World

House Seeks Say Over AI Chip Sales After Nvidia’s China Win

Congress is one step closer to gaining the authority to review artificial intelligence chip sales to China, a move likely to open a rift with the Trump administration over plans to let Nvidia Corp. sell its powerful H200 processors to the world’s second-largest economy. A House committee focused on foreign affairs approved bipartisan legislation Wednesday that calls for arms-sale style congressional oversight of advanced AI chip exports. Beyond oversight, the text endorsed by the panel’s Republicans and Democrats would outright ban sales of Nvidia’s more advanced Blackwell chips to China for at least two years, codifying existing export controls into law. The bill marks a response to President Donald Trump’s decision last month to ease longstanding export controls on China, a mo...
Exclusive: Britain, China to revive ‘Golden Era’ business dialogue during Starmer visit, sources say
Asia, China

Exclusive: Britain, China to revive ‘Golden Era’ business dialogue during Starmer visit, sources say

Britain and China will aim to revive a "golden era" business dialogue when Prime Minister Keir Starmer visits Beijing next week, three sources familiar with the initiative said, with top company executives from both sides invited to participate. AstraZeneca (AZN.L), opens new tab, BP (BP.L), opens new tab, HSBC (HSBA.L), opens new tab, Intercontinental Hotels Group (IHG.L), opens new tab, Jaguar Land Rover, Rolls Royce (RR.L), opens new tab, Schroders (SDR.L), opens new tab and Standard Chartered (STAN.L), opens new tab, are among the British firms set to join a revamped "UK-China CEO Council," said the sources, who are both Chinese and British. The council was originally conceived by then-Prime Minister Theresa May and then-Premier Li Keqiang in 2018, during a period of ties bo...
Southeast Asia fintech funding fell 21% in 2025
Asia

Southeast Asia fintech funding fell 21% in 2025

This is despite Airwallex and Superbank doing well in their fund raising and IPO. Southeast Asia’s financial technology (fintech) sector saw funding decline 21% year-on-year (YoY) in 2025, data from Tracxn showed. Despite the decline, the fintech sector remained one of the top performing sectors in Southeast Asia in regard to funding activity. Airwallex was one of the companies who raised funding above $100m during the year, raising $330m in its funding round. Indonesia’s Superbank was one of 15 SEA tech IPOs in 2025. Enterprise infrastructure was the top performing tech sector in 2025, raising $2.3b in 2025, a 70% YoY increase compared to 2024. Enterprise applications, meanwhile, attracted $1.42b in funding in 2025, 38% YoY lower than a year earlier.