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☆ Taiwan faces economic uncertainty as tensions with China are set to rise after DPP victory
▼ + stars: | 2024-01-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

watch nowAmundi warned a possible temporary economic blockade of Taiwan could alarm the markets. Political status quo, economic worriesChina has dismissed the outcome of Taiwan's elections, saying the DPP does not represent the mainstream public opinion. On Jan. 13, Taiwan delivered an unprecedented third presidential term to the ruling DPP's Lai, considered a China skeptic. Loss of legislature to temper DPP stanceThe DPP won the presidency, but it lost its majority in the the Legislative Yuan — Taiwan's parliament. Teneo's Wildau said Beijing was likely to continue refusing official dialogues with the DPP presidential administration, but could pursue conversations with KMT leaders.

Persons: Managment, Alicia Garcia Herrero, Nataxis, Gabriel Wildau, Teneo, Lai Ching, DPP's Lai, Wildau, Lai, Tsai, Mr Lai's, Yuan —, Yuan, Herrero, Teneo's Wildau Organizations: Bloomberg, Getty, Democratic Progressive Party, Taiwan, Asia, DPP, Economist Intelligence Unit, KMT, Taiwan People's Party Locations: Taipei, Taiwan, China, Beijing

☆ Autodesk's CMO explains why advertising on the MSG Sphere in Vegas, which reportedly costs $450,000 a day, was worth every penny
▼ + stars: | 2023-11-29 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

@brycebetts132 I've watched every video of the Sphere in Vegas and this new ad is by far my favorite. By comparison, running a billboard campaign in New York's Times Square for one to three days costs between $5,000 and $25,000, according to outdoor advertising company Inspiria Outdoor. A representative for the Sphere Entertainment Company said the company doesn't discuss financials. One TikTok video, which has notched up more than 14,000 likes, declared it " the best Sphere ad ." The Sphere debuted its first advertising campaign in September of this year and has featured brands including YouTube, the NBA, Heineken and Xbox.

Persons: @brycebetts132 I've, ♬, Dara Treseder, Treseder, tentacled, Ryan Reynolds, Otto Desć, Carla Herrero, Herrero Organizations: Autodesk, Marvel, Business, ♬ Marvel Studios, Sphere Entertainment, Autodesk University, YouTube, NBA, Heineken, Xbox, University College London, Mercedes, AMG PETRONAS Formula One Locations: Las Vegas, Vegas, New

☆ Opinion | She Polled Gazans on Oct. 6. Here’s What She Found.
▼ + stars: | 2023-11-03 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: 1 min

This episode of “The Ezra Klein Show” was produced by Emefa Agawu. Fact-checking by Michelle Harris, with Mary Marge Locker and Kate Sinclair. The show’s production team also includes Rollin Hu and Kristin Lin. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Sonia Herrero.

Persons: “, Ezra Klein, ”, Emefa Agawu, Michelle Harris, Mary Marge Locker, Kate Sinclair, Jeff Geld, Claire Gordon, Rollin Hu, Kristin Lin, Isaac Jones, Kristina Samulewski, Shannon Busta, Rose Strasser, Sonia Herrero Organizations: New York

☆ India is a ‘slow trundling elephant’ but a viable alternative to China, says veteran investor David Roche
▼ + stars: | 2023-10-23 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Veteran investor David Roche said India "is a slow trundling elephant" that still has many hurdles, but is now a viable alternative to China. "I think India stands to benefit from the decline in terms of the attractiveness of foreign direct investment and portfolio flows of China," Roche told CNBC's "Street Signs Asia" on Friday. After overtaking China to become the world's most populous nation, India could also leapfrog its neighbor to also become the world's second-largest economy by 2075. "So I think we're looking at a transfer of not only fixed investment by corporations, but portfolio investments out of China and into India," Roche said. "I think one has to look to sound the current levels and a note of caution about that," Roche warned.

Persons: David Roche, " Roche, CNBC's, Roche, Alicia Garcia, Herrero Organizations: China, Investors, Economic, CNBC Locations: India, China, Asia, Natixis

☆ China ramps up yuan internationalisation under Belt and Road Initiative
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +4 min

[1/2] A China yuan note is seen in this illustration photo May 31, 2017. And funding BRI projects has helped China revitalise the once-stalled process of yuan internationalisation. Another policy bank, the Export-Import Bank of China, signed a yuan-based loan agreement with Saudi National Bank, while Bank of China helped Egypt issue Africa's first yuan-denominated Panda bonds. Beijing also allocated an additional 80 billion yuan ($10.94 billion) to its Silk Road Fund for BRI projects. "Can you do this in a targeted way with MOUs with all BRI countries?

Persons: Thomas White, Vladimir Putin, Xi, Alicia Garcia Herrero, China revitalise, Malaysia's Maybank, Haoxin Mu, Natixis, Garcia Herrero, Samuel Shen, Tom Westbrook, Simon Cameron, Moore Organizations: REUTERS, Rights, Initiative, Forum, Asia Pacific, Natixis, China International Capital Corp, China Development Bank, BBVA, Export, Import Bank of China, Saudi National Bank, Bank of, Fund, Thomson Locations: China, Rights SHANGHAI, SINGAPORE, Beijing, Russia, Asia, U.S, Ukraine, Africa, Europe, Egypt's, BBVA Peru, Bank of China, Egypt

☆ Is India still a bright spot? IMF upgrades growth, but economists say it will be a bumpy ride
▼ + stars: | 2023-10-12 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Pedestrians walk towards the Chhatrapati Shivaji Terminus train station at dusk in Mumbai, India, on Wednesday, Oct. 4, 2023. The International Monetary Fund has raised its growth forecast for India, saying the country's growth will remain strong in 2023 and 2024 — but analysts warn there will be headwinds ahead. According to the IMF's October update of its World Economic Outlook., India's economy will grow 6.3% in 2023, an increase from an earlier forecast of 6.1%. "India will continue to be a bright spot in the global economic picture," Alicia Garcia-Herrero, chief economist for Asia Pacific at Natixis said. Consumer spending remains one of the biggest growth drivers in the world's most populous nation, she added.

Persons: Alicia Garcia, Herrero Organizations: Monetary, CNBC, Asia Pacific, Consumer Locations: Shivaji Terminus, Mumbai, India, Natixis

☆ China’s economy will be hobbled for years by the real estate crisis
▼ + stars: | 2023-10-06 | by ( Laura He | ) edition.cnn.com time to read: +10 min

Absorbing this “excess capacity” in the property sector will inevitably hurt China’s economic growth, according to Garcia-Herrero. The money from the sales funded their breakneck expansion, making real estate moguls some of the country’s richest people. The strategy largely worked until about three years ago when the Chinese government cracked down on excessive borrowing by the real estate industry because it was worried about the risk of financial instability. But overall, the property sector has contracted severely as it adjusts to a collapse in demand. “A fundamental rewiring of China’s economy will necessitate a focus on developing new industries, improving productivity, and bolstering rental markets,” said analysts from Stanford University and the ASPI.

Persons: ”, Alicia Garcia, Herrero, Garcia, they’re, Evergrande, Xu Jiayin, Xi Jinping, ” Mark Williams, Sheana Yue, Zichuan Huang, “, — Michelle Toh Organizations: Hong Kong CNN, Investment, Asia Pacific, Getty, Bank, International Monetary Fund, IMF, Regulators, Capital Economics, People’s Bank of China, Oxford Economics, Stanford University, Asia Society Policy Institute, Oxford Locations: China, Hong Kong, Beijing, Natixis, Wuhan, China's, Hubei, Japan

☆ A pair of sandals from the Stone Age reveals that ancient people were not immune to unfortunate fashion choices
▼ + stars: | 2023-09-30 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementIt appears dads could have been making fashion faux pas even since the Stone Age. The dating reveals evidence of basketry — the ancient craft of basket making — in hunter-gatherer communities in southern Europe during the Mesolithic period and the early Neolithic period when societies began to transition to agricultural ways of life. As to whether the sandals were rocked with socks — that fashion offense wouldn't appear until several millennia later.

Persons: —, Cueva, los, Francisco Martínez Sevilla, University of Alcalá, los Murciélagos Organizations: Service, University of Alcalá, Autonomous University of Barcelona, University of, Nike, Archaeological Museum Locations: Granada, Spain, Europe, Barcelona, Madrid

☆ These 6,000-year-old sandals found in a Spanish cave are Europe’s oldest shoes
▼ + stars: | 2023-09-29 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —New analysis has identified the oldest shoes ever discovered in Europe, according to a study published this week in the journal Science Advances. The ancient footwear, along with Mesolithic baskets and other tools, was first discovered back in 1857, when a cave in southern Spain was looted by miners. The sandals were made of grasses as well as other materials, including leather, lime and ramie bast, a type of natural fiber. Using the descriptions provided by Góngora, the study hypothesizes that the bodies were buried wearing the sandals. The first phase was related to the Early Holocene hunter-gatherer populations, and the second phase to Middle Holocene farmers, researchers said.

Persons: Manuel de Góngora, Martínez, bast, ”, ” Francisco Martínez Sevilla Organizations: CNN, Autonomous University of Barcelona, Alcalá University, Adv, Góngora Locations: Europe, Spain, Spanish, Madrid, Granada

The United States imported nearly $127.5 billion in goods from Vietnam in 2022, compared with $101.9 billion in 2021 and $79.6 billion in 2020, according to US government data. The United States needs a trusted partner for its supply of chips, and Vietnam can do just that, Osius said. But that compares favorably with a global growth forecast of 3%, and is noticeably faster many of the world’s major economies, such as the United States, China and the eurozone. Politically, Vietnam shares many similarities to China in that it is an authoritarian one-party state that tolerates little dissent. Vietnam is an obvious choice, because it’s a cheap alternative to manufacturing in China, said García-Herrero.

Persons: Joe Biden, ”, Donald Trump’s, Nguyen Phu Trong, Biden, Antony Blinken, Evan Vucci, ” Ted Osius, Janet Yellen, Michael Every, Alicia García, Osius, chipmaker, Ho, “ We’re, Natixis, ” Osius, “, — CNN’s Kyle Feldscher, Jeremy Diamond, Kevin Liptak Organizations: Hong Kong CNN, America, Apple, Intel, House, Communist Party of, ASEAN Business Council, CNN, United, Atlantic Council, Rabobank, White House, United State, Monetary Fund, “, Netflix, Boeing Locations: Hong Kong, Vietnam, Washington, Hanoi, China, Asia, India, Communist Party of Vietnam, United States, Hanoi Nguyen Huy Kham, United, Beijing, The California, Ho Chi Minh City, Asia underwhelms

"There is a significant risk in the short term of financial crisis or other degree of economic crisis that would carry very substantial social and political costs for the Chinese government. By the time the global financial crisis hit in 2008-09, it had already met most of its investment needs for its level of development, economists say. To keep growth high, China in the 2010s doubled down on infrastructure and property investment, at the expense of household consumption. China has since backed away from major financial market liberalisation while plans to rein in state behemoths and introduce universal social welfare never quite materialised. "But at the same time there's a great fear of the short-term political and social risk, especially of provoking an economic crisis."

Persons: Xi Jinping's, William Hurst, Chong Hua, there's, Max Zenglein, We're, Logan Wright, Alicia Garcia Herrero, Hurst, Liangping Gao, Kevin Yao, Kripa Jayaram, Marius Zaharia, Sam Holmes Organizations: Development, University of Cambridge, International Monetary Fund, Asia Pacific, China's, Reuters Graphics, Thomson Locations: BEIJING, China, Japan, Beijing, Natixis

☆ Why China has few good options to boost its faltering economy
▼ + stars: | 2023-08-06 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Fiscal stimulus, for instance, amounted to just a third of the aid offered in the United States, with no nationwide cash handouts. “A comprehensive policy mix — covering monetary and fiscal stimulus, including infrastructure, property, and consumption, alongside structural reforms,” would be helpful to rebuild confidence, they said. It was seen as a success and helped boost Beijing’s domestic and international political standing as well as China’s economic growth, which soared to more than 9% in the second half of 2009. China’s debt woes have only deepened during the Covid-19 pandemic, when three years of draconian restrictions and a real estate downturn drained the coffers of local government. “An infrastructure-led fiscal stimulus would need to be much bigger to have the same economic impact,” she said.

Persons: they’ve, ”, Robert Carnell, Craig Singleton, Alicia Garcia, Herrero, China “, wouldn’t, Zhu Min, Garcia, Xi Jinping, Derek Scissors, Singleton, “ Organizations: Hong Kong CNN, CNN, ING Group, Foundation for Defense of Democracies, Manufacturers, Asia Pacific, UBS Global Wealth Management, International Monetary Fund, Bloomberg, American Enterprise Institute Locations: Hong Kong, China, Asia, Pacific, Washington, “, Beijing, United States, China’s, Tianjin

☆ Analysis-China's stubborn savers risk precipitating liquidity trap
▼ + stars: | 2023-08-04 | by ( Winni Zhou | Rae Wee | ) www.reuters.com time to read: +5 min

“Based on Japan’s experience in the 1990s, there is the risk that China is entering a liquidity trap due to the risks of balance-sheet recession,” said Natixis’s chief economist for Asia Pacific Alicia Garcia Herrero. Fan Gang, a prominent economist and former adviser to the central bank, told a forum in June that China faces a liquidity trap but not a Japan-style deflationary morass. Yet about 180 domestic A-share companies say in their stock filings that they have invested in CDs this year. China’s 220 million retail stock investors, equivalent to Brazil’s population and the biggest drivers of daily moves, have kept to the sidelines this year. “I wouldn’t pour money into the stock market any time before I see a clear rising trend,” he said.

Persons: Florence Lo, ”, Asia Pacific Alicia Garcia Herrero, “, Byron Gill, ‘, ” Gill, Betty Wang, Wu, ” Wu, John Organizations: REUTERS, Companies, Asia Pacific, Pacific Opportunities Fund, U.S, Bank, ANZ, Eastroc Beverage, China Merchants Bank, Bank of Ningbo’s Locations: SHANGHAI, SINGAPORE, Japan, China, Bank, Shanghai

Analysts see the same lack of confidence in today's Chinese households and companies that Japan grappled with in the 1990s. But in China's case there is a key difference; there is no deflationary threat yet, nor have banks switched off lending. Fan Gang, a prominent economist and former adviser to the central bank, told a forum in June that China faces a liquidity trap but not a Japan-style deflationary morass. China's policymakers have cut rates and encouraged banks to lend more in efforts to revive economic growth after the pandemic. China's 220 million retail stock investors, equivalent to Brazil's population and the biggest drivers of daily moves, have kept to the sidelines this year.

Persons: Florence Lo, Asia Pacific Alicia Garcia Herrero, Byron Gill, Gill, Betty Wang, Wu, John, Winni Zhou, Rae Wee, Vidya Ranganathan, Shri Navaratnam Organizations: REUTERS, Companies, Asia Pacific, Pacific Opportunities Fund, U.S, Bank, ANZ, Eastroc Beverage, China Merchants Bank, Bank of Ningbo's, Thomson Locations: SHANGHAI, SINGAPORE, Japan, China, Bank, Shanghai, Singapore

☆ Pig cooling pads and weather forecasts for cows are high-tech ways to make meat in a warming world
▼ + stars: | 2023-07-30 | by ( ) www.cnbc.com time to read: +5 min

More intense summer heat resulting from emissions-driven climate change means animal heat stress that can result in billions of dollars in lost revenue for farmers and ranchers if not properly managed. But technology often insulates livestock in richer countries — another way global warming exacerbates the gap between wealthy and poor nations. Their cows are already showing signs of improved welfare, like chewing more cud, and there's more heat ahead this summer. "We're going to do what's best by our cows no matter what is or isn't going on with climate change," said Megan McAllister, a sixth-generation dairy farmer. As part of his work with Kansas State, Redmond gives presentations to producers and the general public, and he said that climate change has come up in conversations.

Persons: Farmer Ken Ries, Atul Jain, Mario Herrero, McAllister, Megan McAllister, Michelle Schack, they've, let's, Schack, Gerald Nelson, Nelson, Chip Redmond, Redmond, Jackie Boerman, Boerman Organizations: Livestock, The University of Illinois, Cornell University, University of Illinois, USDA, Kansas State University, Kansas State, Purdue University Locations: Ryan , Iowa, U.S, The University of Illinois Urbana, Champaign, United States, New Vienna , Iowa, Arizona, University of Illinois Urbana

☆ Artist-Designed Party Hats, and How to Recreate Them
▼ + stars: | 2023-07-27 | by ( Coco Romack | ) www.nytimes.com time to read: +2 min

In the United States, party hats — those ubiquitous, cone-shaped signifiers of children’s birthdays and summer picnics — have their roots in a less celebratory phenomenon: the pointed dunce caps used as disciplinary tools in schools throughout the 19th and early 20th centuries. It’s a reminder that even the most unassuming objects can have complex meanings — something that artists, several of whom have turned to party attire for inspiration, have long known. The students of the Bauhaus, the influential German design academy founded in 1919, took their costume parties as seriously as their studies, dressing up as monstrous creatures and mechanical humanoids. And in 1972, the Spanish painter Salvador Dalí designed several fantastical ensembles for the infamous Surrealist Ball, a lavish gathering held at the French estate of the baroness Marie-Hélène de Rothschild. From there, imaginations ran free, yielding headdresses that resemble, among other things, a rainbow-colored palm tree, a coral reef and an otherworldly drinking helmet.

Persons: Salvador Dalí, baroness Marie, Hélène de Rothschild, Audrey Hepburn peered, Faye Toogood, Jolie Ngo, Piotrek, Rakeem Cunningham, Alexia Hentsch, Adam Charlap Hyman, Andre Herrero, Charlap Hyman, Herrero — Organizations: Bauhaus Locations: United States, —, Spanish

"For China, it is 'bad news is good news' at the moment," said Jun Bei Liu, portfolio manager at Tribeca Investment Partners in Sydney. Even before the latest disappointing growth data, a slew of soft economic indicators had shown China's recovery was falling short, slamming the brakes on nascent stock market rallies. Foreign money has been leaving, with worries over China's cyber-security crackdowns and Sino-U.S. flaps over chips and rare metals adding to growth concerns. REVIEWING CHINAGoldman Sachs analysts led by Kinger Lau also believe a 'tactical market recovery' thesis is compelling, and project a 15% 12-month return for the CSI300. "We are conservative about the extent of the policy support down the road," said Alicia Garcia Herrero, chief economist, Asia Pacific at Natixis.

Persons: Jun Bei Liu, Liu, Marcella Chow, CHINA Goldman Sachs, Kinger Lau, it's, Mike Kelly, Alicia Garcia Herrero, Eugenia Victorino, SEB, Victorino, Ting Lu, Jason Xue, Tom Westbrook, Kim Coghill Organizations: Tribeca Investment Partners, CSI, Morgan Asset Management, CHINA, JPMorgan, PineBridge Investments, Nomura, Thomson Locations: China, Sydney, U.S, Asia, Natixis, Shanghai

☆ Cuba: A Russian navy ship docks in Havana as tough times bring the old friends together
▼ + stars: | 2023-07-13 | by ( Patrick Oppmann | ) edition.cnn.com time to read: +5 min

Havana, Cuba CNN —As a series of welcoming cannon blasts rang out from a nearby colonial fort, the Russian navy’s training class ship Perekop sailed into Havana on Tuesday. “We are condemning, we are rejecting, the expansion of NATO towards Russia’s borders,” Cuban President Miguel Diaz-Canel told Russian-controlled network, RT, in a rare interview in May. He also blasted US economic sanctions on Russia, while heralding Russian “projects of cooperation and collaboration” under development in Cuba. But following the collapse of the Soviet Union, Cuba lost its main trading partner and entered a deep economic depression. Despite the high cost of the war in Ukraine and economic sanctions, Russian officials say they are committed to Cuba.

Persons: Perekop, “, Miguel Diaz, Canel, Patrick Oppmann, Jorge R, –, Russia –, Yamil Lage, Barack Obama, Donald Trump, Joe Biden, Biden, ”, Ric Herrero, ” Herrero, “ There’s, ” Benjamin Ziff, Chargé d’Affaires, Sergey Shoigu, Alvaro Lopez Miera, ” Shoigu Organizations: Cuba CNN, Prensa Latina, Cuban, Soviet, NATO, CNN, University of Texas, Austin Energy Institute, Russian, Getty, Trump, Cuba Study, US Naval, Russian Defense Locations: Havana, Cuba, Russian, Soviet Union, Ukraine, Cuban, Moscow, Russia’s, Russia, USSR, AFP, Trump, Spanish, Guantánamo, East, West, “ Cuba

☆ Europe will need about 10 years to reduce its rare earth dependency on China, says economist
▼ + stars: | 2023-07-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope will need about 10 years to reduce its rare earth dependency on China, says economistAlicia Garcia-Herrero, chief economist of Natixis says that Europe will need about 10 years to reduce its rare earth dependency on China.

Persons: Alicia Garcia, Herrero, Natixis Locations: China, Europe

Email us at matterofopinion@nytimes.com or leave us a voice mail message at (212) 556-7440. Follow our hosts on Twitter: Michelle Cottle (@mcottle), Ross Douthat (@DouthatNYT), Carlos Lozada (@CarlosNYT) and Lydia Polgreen (@lpolgreen). “Matter of Opinion” was produced this week by Phoebe Lett, Sophia Alvarez Boyd and Derek Arthur. Mixing by Pat McCusker. Original music by Pat McCusker, Sonia Herrero, Isaac Jones and Carole Sabouraud.

☆ China's domestic travel recovery marred by anti-spending 'special forces'
▼ + stars: | 2023-05-17 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +4 min

[1/2] Passengers wait to board trains at Shanghai Hongqiao railway station ahead of the five-day Labour Day holiday, in Shanghai, China, April 28, 2023. To get to the ancient temples, pagodas and grottoes she wanted to visit, she walked roughly 30,000 steps a day. "I can control the expenses, to go to many places for the least amount of money, but it is really tiring." "Maybe I didn't wear the right shoes, but my feet started to hurt after walking more than 10,000 steps," she said, joking that she exemplified "the battle-scarred version of special forces travel." ($1 = 6.9121 Chinese yuan renminbi)Reporting by Casey Hall and Shanghai newsroom; Editing by Marius Zaharia and Lincoln Feast.

Stephanie Joyce and Isaac Jones , Pat McCusker , Sonia Herrero andRepublican-led legislatures have recently made it clear what they don’t want taught in public school classrooms: sexuality, gender identity, structural racism. But when it comes to what they do want, one approach frequently arises: classical education. The central tenet of classical education is that students should focus on the Western canon, usually starting with the ancient Greeks. In 2015, he founded a company that developed the Classic Learning Test, or CLT, as an alternative to the College Board’s SAT. (A full transcript of the episode will be available midday on the Times website.)

Kaari Pitkin , Stephanie Joyce and Isaac Jones , Sonia Herrero , Pat McCusker andDaniel Ellsberg fully expected to spend the rest of his life in prison after he leaked the Pentagon Papers to The New York Times and The Washington Post in 1971. The documents revealed decades of government lies and mistakes in about the war in Vietnam, and eventually, they helped end it. The charges against Ellsberg were ultimately dismissed but, he had a secret: The Pentagon Papers were only supposed to be the beginning. Alongside the documents about Vietnam, he’d copied thousands of pages of other documents about America’s nuclear war planning that he believed would shock the public conscience. Now, after revealing a terminal cancer diagnosis in March, Ellsberg is reflecting on his life, the secrets he wasn’t able to reveal and threats to the world he’s leaving behind.

☆ Analysis: China's 'atypical' deflation cycle gives central bank a headache
▼ + stars: | 2023-04-19 | by ( Kevin Yao | ) www.reuters.com time to read: +5 min

China GDP"China is entering an 'atypical' deflation cycle, which means deflation amid economic recovery," said Jinyue Dong, senior economist at BBVA research. China's new bank lending hit an all-time high in the first quarter. The central bank cut lenders' reserve requirements ratio (RRR) for the first time this year in March. But analysts say that is largely due to last year's low base caused by COVID-19 curbs that hit consumers the hardest, rather than underlying household demand. Reuters GraphicsNew household loans, mainly mortgages and consumer loans, accounted for 16% of total new loans in the first quarter, despite a jump in mortgages in March, while corporate loans made up for the rest.

☆ Asian central banks should be relieved U.S. Fed continued to hike interest rates, economist says
▼ + stars: | 2023-03-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAsian central banks should be relieved U.S. Fed continued to hike interest rates, economist saysAlicia Garcia-Herrero of Natixis says it's better for Asia's central banks to know that the U.S. Federal Reserve is "on top of inflation."

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