'Developing Asia' to shrink for first time in six decades: ADB

'Developing Asia' to shrink for first time in six decades: ADB

The coronavirus pandemic will cause economic output in 'developing Asia' to shrink for the first time in nearly six decades in 2020 before it bounces back next year, the Asian Development Bank said on Tuesday. "Developing Asia", which groups 45 countries in Asia-Pacific, is expected to contract 0.7% this year, ...

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China seeks a new army of consumers

China seeks a new army of consumers

(ATF) With the disasters of coronavirus, climate change, the world's economic slowdown, trade wars, human rights issues, Communist Party infighting, and dramatic pivoting from external to internal markets, ‘Socialism with Chinese characteristics’ is taking on another hue. Under the leadership of Deng Xiaoping and subsequent presidents Jiang Zemin and Hu ...

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How Indian corporates can take advantage of low global rates

How Indian corporates can take advantage of low global rates

(ATF) The Covid-19 crisis has led to central banks around the world easing interest rates to all-time lows and unprecedented liquidity injections to restore order in financial markets. This excess liquidity has intuitively found its way to the Emerging Markets (EM), given their relatively higher yields and improved external balances. ...

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Reform hopes rise as China focuses on domestic economy

Reform hopes rise as China focuses on domestic economy

Chinese reform advocates are hoping President Xi Jinping's proposed new economic model, expected to be the centrepiece of a key conclave next month, is an opportunity to quicken changes to spur domestic demand and tackle structural woes. The new development model will be discussed at a meeting of the ruling ...

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Wheels within wheels

Explainer: What we know about China's 'dual circulation' economic strategy

BEIJING: China has unveiled a "dual circulation" strategy to cut its dependence on overseas markets and technology in its long-term development, a shift brought on by a deepening rift with the United States. WHAT IS THE 'DUAL CIRCULATION' MODEL? Chinese President Xi Jinping first raised the idea in May and ...

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China factory deflation, retail inflation ease

China factory deflation, retail inflation ease

(ATF) China's factory gate prices softened further and declined for the seventh straight month, but the deflationary pressure eased as prices of commodities recovered amid expectations of improving global goods demand. The Producer Prices Index fell 2.0% from a year earlier in August, the National Bureau of Statistics (NBS) said ...

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Oil falls after Saudi cuts prices, China slows imports

Oil falls after Saudi cuts prices, China slows imports

LONDON: Oil prices fell on Monday after Saudi Arabia made its deepest monthly price cuts to supply for Asia in five months and as uncertainty over Chinese demand clouds the market's recovery. Brent crude was trading at $42.03 a barrel, down 63 cents or 1.5%, by 1555 GMT, after earlier ...

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