OVER THE past half-century, China has conjured vast wealth out of widespread poverty. Now comes the vexing part: how to pass it on to the next generation. For China, this poses a new and underappreciated risk. On its current trajectory, the first great intergenerational transfer in China’s modern history will widen inequality, cement privilege and…
Last Updated:March 05, 2026, 10:09 IST Presenting the annual work report, Chinese Premier Li Qiang said the government will aim for growth between 4.5% and 5% this year and will strive for better results in practice. China’s latest growth target signals one of the most cautious economic outlooks in recent years. China on Thursday lowered…
Hong Kong’s finance chief has confirmed an early operating account surplus driven by strong financial market performance and stock trading stamp duty revenue, as he addressed calls for more elderly welfare measures at the first public forum for the coming budget. Financial Secretary Paul Chan Mo-po vowed on Saturday to make “utmost” efforts to address…
China‘s factory activity in November contracted slightly as production growth came to a halt and new orders slowed, a private-sector survey showed on Monday. The RatingDog China General Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped to 49.9 in November from 50.6 in October, missing analysts’ expectations of 50.5 in a Reuters poll….
Sure, maybe AI enthusiasm is creating a stock market bubble. But if the Federal Reserve is set to continue slashing rates, one might be tempted to ask: so what? In other words, even with valuations elevated, the old maxim of “don’t fight the Fed” may prove to be prudent advice in the near term. When…
President Donald Trump’s approval rating on his handling of the economy has hit a new low, according to a new poll from Quinnipiac University on Wednesday. Why It Matters Trump’s sliding grade on the economy comes as Americans have reported increased anxiety over the rising costs of living, a softening job market, and a protracted…
HONG KONG (AP) — China’s economy expanded at the slowest annual pace in a year in July- September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand. The July-September data was the weakest pace of growth since the third quarter of 2024, and compares with a 5.2% pace of…
President Donald Trump is now facing a crisis of confidence on the economy, according to a new poll. The latest CNBC poll, conducted between October 8-12, shows that Trump’s approval rating on the economy stands at 42 percent, with 55 percent disapproving. The -13 net approval on the economy is the lowest of any CNBC…
One of the winners of this year’s Nobel economics prize, France’s Philippe Aghion, on Monday warned Europe that it must not let the United States and China dominate technological innovation. Aghion shared the Nobel with American-Israeli Joel Mokyr and Canada’s Peter Howitt for work on technology’s impact on sustained economic growth. “I think European countries…
Prime Minister Keir Starmer is being urged by senior members of his government to reassess his policy toward China and take a tougher stance on the risks it poses to UK national security in the wake of a collapsed espionage case. Several cabinet ministers are concerned that Starmer has taken too generous an approach to…