Japanese firms in China are becoming more pessimistic about the world’s second-biggest economy, with about two-thirds saying it’s getting worse and almost half scaling back or halting their investments. About 64% of Japanese companies said the Chinese economy is faring worse than last year, according to the latest survey from the Japanese Chamber of Commerce…
I’m Malcolm Scott, international economics enterprise editor in Sydney. Today we’re looking at signs of stabilization in China’s economy. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. If you think of China’s…
Hong Kong revised growth expectations to the lowest end of its previous forecast, showing mounting pressures from weaknesses in exports and consumption. The city changed its 2024 growth forecast to 2.5% from a range of 2.5%-3.5% estimated in August, the Census and Statistics Department said Friday. The adjustment suggests expansion will slow from last year’s…
Copper is heading for its longest run of weekly losses in more than half a decade, as base metals suffer steep declines on a strong dollar and lingering concerns over Chinese demand. While copper ticked higher on Friday, it has drifted lower since late-September and is poised for its seventh consecutive weekly fall. Prior to…
Federal Reserve Chair Jerome Powell said the recent performance of the US economy has been “remarkably good,” giving central bankers room to lower interest rates at a careful pace. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said Thursday in Dallas. “The strength we…
Supply Lines is a daily newsletter that tracks global trade. Sign up here. China wields new powers as it confronts the prospect of another trade conflict with the US, expanding its retaliatory reach in recent years to include tools capable of wreaking havoc on global commerce and finance. Source link
A strong U.S. dollar unsettled Asian markets on Thursday, as investors assessed a U.S. inflation report that showed price increases. The dollar’s continued rise—particularly against Asian currencies—has intensified economic pressure on the region since the U.S. election. In Japan, the dollar climbed to 156.10 yen from 155.49 yen, reflecting expectations of currency gains linked to…
China’s economy likely gained momentum last month, with early indicators pointing to a rebound after the government began rolling out stimulus measures in late September. Industrial output and retail sales are expected to have grown at a faster pace in October compared to September, according to forecasts by economists in a Bloomberg survey. The government’s…
US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face in trying to bring price pressures fully under control. The so-called core consumer price index — which excludes food and energy costs — increased 0.3% for a third month, Bureau of Labor Statistics figures showed Wednesday. Over the last three months…
Forecasters expect a monthly report on US consumer prices to show a third month of firm underlying inflation, keeping the pace of Federal Reserve interest-rate cuts in the coming months up for debate. The so-called core consumer price index that excludes food and energy is seen rising 0.3% in October while the overall index advanced…