NEWSWORTHY
Major Japanese firms expected to report first annual drop in net profits in three years
Japan's major nonfinancial companies are expected to post lower consolidated net profits for the first time in three years for fiscal 2018 ending next month, a survey says. The firms' combined net profit is likely to fall 3.9 percent from the previous year due mainly ...
Alarm bells in China should set off similar warnings in Asia and beyond.
China's trade outlook darkens as Trump raises stakes on tariffs
China's chances of escaping the trade conflict with the U.S. with only minor damage to its economy just got slimmer. U.S. President Donald Trump doubled down Friday on his threats to impose higher tariffs on the nation's goods, saying he's ready to tax all imports ...
China's HNA Group slims down after asset sales but debt concerns remain
Though HNA Group Co. has managed to reduce one of China's biggest debt piles by selling off dozens of assets, the embattled Chinese conglomerate will probably need to get much slimmer before regaining the trust of investors. Total debt fell 9.5 percent to 541.6 billion ...
While the U.S. may be trying to resolve trade disputes quickly, China is prepared for a "protracted war" and doesn't fear sacrificing short-term economic interests, according to Chinese state media. While China has to defend its right to develop, the Chinese people "really want to ...
Japan overtakes China to become world's second-biggest stock market
Japan retakes the No. 2 spot with a valuation of $6.17 trillion as China’s stock market takes a beating from a slowing economy and the trade war with the U.S.
China should do what Trump says on trade
Many of the reforms demanded by the U.S. would help the Chinese economy.
Financial experts warn China not to repeat Japan's foreign exchange mistake of 1980s
China should learn from Japan in the 1980s, and never allow a trade war to become a currency war, says Sheng Songcheng, a senior adviser to the People's Bank of China (PBOC). The current trade spat between the two biggest economies is reminiscent of tensions ...
Liu He, a key economic adviser to China's President Xi Jinping, was elected by parliament Monday to be a vice premier, and vice central bank Gov. Yi Gang was chosen to take over the helm at the People's Bank of China. Liu's promotion telegraphs Beijing's ...
China turning into a scientific superpower
China signals slower growth is acceptable to curb debt, poverty and smog
China can achieve a goal of doubling the size of its economy by 2020 even if annual expansion slows to 6.3 percent, according to a senior Communist Party official, signaling a greater willingness to tackle debt and pollution at the expense of growth. In its ...
After bumper year this year, China's import growth seen tumbling in 2018
The pace of China's import growth is set to slow in 2018 following a boom this year. Inbound shipments will expand just 5 percent in 2018 after surging 14.9 percent this year, according to a Bloomberg survey of economists. Slower infrastructure investment, tighter monetary policy, ...
