China Archives - Page 9 of 63

<strong>Slowing Chinese Economy Triggers Foreign Investment Pullout</strong>

18Nov

By Joe RodriguezNo Comments

China

Slowing Chinese Economy Triggers Foreign Investment Pullout

As China's economy shows signs of slowing down, a growing number of foreign companies are reconsidering their investments. Concerns over weakening growth, regulatory unpredictability, and geopolitical tensions are prompting these companies to pull out their funds. The once-booming market now faces challenges such as reduced consumer spending and supply chain disruptions. As a result, businesses are redirecting their investments to more stable and promising markets, seeking to mitigate risks and sustain profitability amidst China's economic uncertainties. This shift underscores the broader impact of China’s economic deceleration on global business strategies. Last quarter, foreign companies pulled more money out of China, indicating ongoing skepticism about the country's economic pr...

Why is COP29 all about money, and what is it?

12Nov

By Michael SmithNo Comments

Asia, China, Market, World

Why is COP29 all about money, and what is it?

Each year, world leaders and negotiators gather at the United Nation’s climate summits to address the escalating climate crisis. But this year's COP29 in Baku feels different. Dubbed the "Finance COP", its focus is on funding initiatives to curb the flailing increase in global warming temperatures. This COP also marks the last major talks before countries submit updated emission reduction targets in 2025. With the world far off track to limit warming to 1.5 degrees Celsius, the pressure is on. This year's discussions centre on a new financial target to be set before early 2025. For developing countries, especially in the Asia-Pacific region, this isn't just about numbers — it's about survival. What is COP29 and why is it ...

Malaysia and other Asian economies prepare for the effects of the Trump trade war as tariffs present both opportunities and risks.

11Nov

By Brian ThompsonNo Comments

Asia, China, Market, Singapore, USA, World

Malaysia and other Asian economies prepare for the effects of the Trump trade war as tariffs present both opportunities and risks.

Some Asian countries stand to gain if US president-elect Donald Trump pushes ahead with his promised massive tariffs on China and triggers a new wave of factory relocations to the rest of the region. But a trade war between the world’s biggest economies would also destabilise markets everywhere, with Asia — which contributes the largest share of global growth — the most affected. Trump, who won a crushing presidential victory this week, vowed during his campaign to slap 60 per cent tariffs on all Chinese goods entering the United States in an attempt to balance trade between the two nations. Analysts however question whether the new president will stick to such a high figure, and dispute the blow such tariffs could inflect on the Chinese economy, estimating GDP could be lowered b...

Asian Financial Institutions Are at Risk Due to AI Adoption Lag in the Face of Increasing Financial Crime

11Nov

By Brian ThompsonNo Comments

Asia, China, Market, Singapore, USA, World

Asian Financial Institutions Are at Risk Due to AI Adoption Lag in the Face of Increasing Financial Crime

AI-based transaction monitoring, sanctions screening, and fraud prevention deliver proven benefits as adoption gains traction New research from SymphonyAI and Regulation Asia reveals legacy systems, data quality, model explainability, data privacy, and regulatory uncertainty hinder AI adoption in financial crime compliance. Only 15% of Asian FIs report "advanced" AI integration in their compliance functions, leaving significant untapped potential. Financial crime, particularly money laundering, represents an escalating threat, accounting for up to 6.7% of global GDP. Palo Alto, Calif., (ANTARA/PRNewswire)- SymphonyAI, a leader in predictive and generative artificial intelligence (GenAI) SaaS products for the enterprise, today launched a new report with Regulation Asia, revea...

31Oct

By Brian ThompsonNo Comments

Asia, China, Market

Asia Economic Monthly: Exposure to China in Asia

Australia and Singapore are the most exposed to China growth due to strong economic linkages via the commodity and trade channels, respectively. The Philippines and India are the least exposed due to weak trade and investment linkages with China. The spillover from China to the rest of Asia has weakened over the last decade due to the fall in Asia’s export share to China. China’s policy blitz China’s recent stimulus blitz is the latest addition to the various uncertainties weighing on Asia’s economic outlook. Since September 24, the nation has announced monetary policy easing, liquidity support for equity markets, government pledges to arrest the property market decline, and reports of fiscal support in the pipeline. Nomura’s China economics team has lifted its Q4 2024 GDP fo...

31Oct

By Joe RodriguezNo Comments

Asia, China, Market

The October manufacturing PMI for China resumed its upward trajectory.

China's manufacturing PMI surprisingly returned to expansion China's PMI beat expectations with an uptick to 50.1 in October, which marked the first expansion since April, and marked a six-month high. The 50.1 level is the smallest possible expansion for the PMI but nonetheless bucks expectations for continued contraction, and is a positive sign that the small bounce back of industrial production that we saw in September could continue. Looking at the subindices, there are some signs that the domestic situation could be seeing a gradual improvement. The production subindex hit a six-month high of 52.0, and new orders also returned to a neutral state of 50.0 after contracting the previous five months. While still in contraction, employment (48.4 up from 48.2...

<strong>China’s relentless pursuit of U.S. technology</strong>

29Oct

By Joe RodriguezNo Comments

China, USA

China’s relentless pursuit of U.S. technology

In recent years, the United States has faced an unprecedented challenge in safeguarding its technological advancements and intellectual property from a persistent and resourceful adversary: China. A series of high-profile cases have highlighted the extent of China's efforts to acquire sensitive U.S. technology, often through illegal means. These incidents not only threaten America's economic interests but also pose significant risks to national security. The case of Chen Lin, a 65-year-old Chinese national who recently pleaded guilty to illegally exporting U.S. semiconductor equipment, exemplifies the ongoing struggle to protect critical technologies. Chen's attempt to procure a wafer-cutting machine for Chengdu GaStone Technology, a company on the U.S. Entity List, underscores the...

<strong>IMF on China’ growth: falling and impacting others</strong>

27Oct

By Joe RodriguezNo Comments

China

IMF on China’ growth: falling and impacting others

The International Monetary Fund (IMF) on October 22 presented World Economic Outlook report and found China faltering with a lowered growth forecast to 4.8% in 2024 as compared to 5% in 2023 despite a number of stimulus packages injected by the Xi Jinping’s regime in the recent times. The IMF report highlighted China’s weakening property sector and low consumer spending as the major reasons for its failing economy. IMF has forecasted China’s growth rate to be at 4.5% in 2025 even when there are good number of measures taken such as increased net exports and more funds released to support country’s growth. China’s woes don’t end here as its constant trade war with the United States has resulted in new tariffs being imposed by both the countries on each other and these trade ta...

<strong>Client exodus sparks 70 percent revenue drop for Price Waterhouse Coopers China</strong>

21Oct

By Michael SmithNo Comments

China

Client exodus sparks 70 percent revenue drop for Price Waterhouse Coopers China

Price Waterhouse Coopers (PWC) faces severe repercussions following the Ever Grande financial fraud scandal. Numerous Chinese companies are terminating contracts, potentially costing PWC 561 million Yuan in audit revenue, reducing income by two-thirds. The scandal has also led to major layoffs, with employees sharing farewell messages on Xiao Hongshu, and many former PWC staff actively seeking new positions on job-seeking platform Boss Zhipin. PWC cited external factors and market demand for recent layoffs, heavily affecting the Guangzhou audit department. Similar cuts occurred in Beijing and Shenzhen. The Shanghai office required staff to take 120 unpaid hours while earning only 20% of their salary. PWC also halved the annual income of its highest-earning partners. The Ever Grande...

Shaoguan’s vacant apartments, a representation of China’s real estate crisis

21Oct

By Joe RodriguezNo Comments

Asia, China

Shaoguan’s vacant apartments, a representation of China’s real estate crisis

You have to arrive at night in Shaoguan, a city of 3.3 million people in southeast China, to measure the real estate crisis that has hit the country. Around the high-speed train station, inaugurated in 2019, tower blocks of buildings have sprung up like mushrooms in recent years, creating a gigantic neighborhood. But when night falls, not a single light is on. That’s because Shaoguan is drowning in empty and unsold apartments. At the current sales pace, it will take more than 10 years to sell this stock, compared to an average of two years in China, according to estimates by the China Real Estate Information Corporation. This is a record in the country, which has 28,000 billion yuan ($3.96 billion) worth of available apartments, according to Barclays. “There are so many...