Global use of RMB growing steadily
The latest data showed that the renminbi is now next to the US dollar, euro, Japanese yen and pound sterling in terms of foreign exchange trades.
Economic Affairs
China faces growing risk of weakening external demand in Q4
It comes as monetary tightening across the world to contain red-hot inflation is curbing global economic growth.
Vietnam aims to become developed, high-income country with modern industrial base
A new plan sets out the future development of the country, with strong infrastructure and measures in place to protect the environment, among others.
Digital economy aids high-quality, green and integrated development
Implementing the No 1 project on digital economy, Pingxiang has attracted many to accelerate the development of 5G, big data centres and industrial internet.
Dashed dreams: Young Koreans’ leveraged investments backfire
When stock and crypto markets were hot and borrowing costs were cheap, many younger South Koreans, dabbled in leveraged investing but are now suffering.
$165 million funding for R&D to safeguard S’pore’s food security
The second phase of the national R&D programme on food will place greater emphasis on addressing food security challenges, which includes intensifying sustainability and enhancing…
Vietnam among the fastest growing economies despite difficulties: Economists
Due to a broad-based recovery, domestic demand is back on track, and manufacturing and exports continue to roar.
South Korea’s tech giants tighten belts amid uncertainties, bleak outlook
Korea's business index has hit the lowest point in 20 months, according to data from the Bank of Korea.
Indonesia’s FDI growth highest in decades, but outlook ‘bleak’
2023 has been called a “political” year as parties prepare for the 2024 general elections, which may prompt businesses and investors to hunker down with a wait-and-see stance.
Hong Kong’s exports value down 9.1% in September
The value of imports of goods also decreased 7.8 per cent for the same period, creating a visible trade deficit of $44.9 billion.