Sunday, April 21, 2024

Asia News

Asia is Earth's largest and most populous continent, located primarily in the Eastern and Northern Hemispheres. It shares the continental landmass of Eurasia with the continent of Europe and the continental landmass of Afro-Eurasia with both Europe and Africa.

Chinese Economy Raises Concerns

Concerns over deflation in the Chinese economy are spreading despite various economic stimulus measures. Although commercial banks are encouraging consumption by lowering deposit interest rates due to the authorities' threat, the consumer price index has been in negative territory for...

China turned into a net capital outflow

China turned into a net capital outflow for the first time in five years last year, a report showed. According to the annual data on overseas transactions of bank customers recently released by China's National Exchange Service (SAFE) on the...

China Has Frozen its LPR for 5 Months

China has frozen its loan preference rate (LPR), which is the benchmark interest rate, for five months. Analysts say that although the possibility of deflation (a phenomenon in which prices fall and economic activity stagnate) has increased, the Chinese authorities...

China’s GDP Reaches 5.2% in 2023

China's gross domestic product (GDP) growth rate reached 5.2% in 2023. Although the Chinese authorities' target of "around 5%" growth has been achieved, the future economic outlook is not bright due to external variables such as a slump in the...

Profit of China’s Industrial Sector Increased

In October 2023, corporate profit in China's industrial sector increased 2.7% year-on-year, Xinhua Network,  reported on the 27th. Based on data released by China's National Bureau of Statistics on the same day, the media reported that the gross profit of...

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