Back in 2017, when Turkey’s economy was booming faster than China’s, Renaissance Capital’s Charles Robertson predicted that it would not end well. Less than a year later, the lira crashed under an …
Bank of Japan Shares End Their Puzzling Rally, Dropping by Limit
The Bank of Japan’s head-scratching surge this week came to a halt on Friday, as the stock erased earlier gains to fall by its limit.The shares traded at 44,000 yen as of 10:50 a.m. in Tokyo, dropping …
China sets ‘low bar’ for GDP growth, pledges more jobs
China on Friday set a modest annual economic growth target, at above 6%, and pledged to create more jobs in cities than last year, as the world’s second-biggest economy planned a careful course out of …
Indonesia’s Sicepat raises $170m in series B round from Falcon House, others
With the fresh capital, Sicepat will expand in Southeast Asia and invest in its logistics services and infrastructure.
China to Strengthen Risk Assessments for Financial Innovation Products: 2021-2025 Plan
China plans to strengthen the risk assessment procedures for financial innovation products, including by suspending the operation of some products, the government said on Friday in its development …
China to Strengthen Risk Assessments for Financial Innovation Products: 2021-2025 Plan
China plans to strengthen the risk assessment procedures for financial innovation products, including by suspending the operation of some products, the government said on Friday in its development …
China sets GDP growth target of over 6% in 2021
Beijing is looking to rebound from the coronavirus pandemic after dropping growth targets last year. It plans to become more self-reliant in technology.
China to increase annual R&D spending by more than 7% in next five years: work report
China will increase its annual research and development spending by more than 7% every year over the next five years, the government wrote on Friday in its work report from the Fourth Session of the …
China rebounds with economic growth target above 6%
China is aiming for an economic growth rate above 6% in 2021, after scrapping its target last year. China’s Premier Li Keqiang announced the target on Friday at the opening of this year’s National …
China’s Defense Budget Climbs 6.8% as Economy Recovers
China projected defense spending growth of 6.8% this year, the largest increase in two years, amid tensions with the U.S. and key neighbors.