Asia Economy


  • China's 'Ghost Cities' Warn of Property Bubble: Chanos Thursday, 7 Mar 2013 | 11:08 AM ET
    Residential apartment buildings stand in the new district of Kangbashi in Ordos, Inner Mongolia, China.

    Avoid investments that depend on the Chinese real estate market because the bubble there is getting "bigger and bigger," hedge fund manager Jim Chanos told CNBC.

  • Japan’s New Leader Dares to Challenge Old Order Wednesday, 6 Mar 2013 | 7:51 PM ET
    Japanese Prime Minister Shinzo Abe.

    Just two months into office, Prime Minister Shinzo Abe is showing an increasing willingness to take on some pillars of Japan's establishment in an aggressive attempt to finally breathe some new life into Japan's listless economy. The New York Times reports.

  • China's Planners Push Urbanization as Main Growth Driver Wednesday, 6 Mar 2013 | 12:31 AM ET

    China's planned urbanization drive will be main engine of growth for domestic economic activity in the years ahead, giving the government scope to boost domestic demand and infrastructure investment.

  • Australia Extends Growth Run to 21 Years Tuesday, 5 Mar 2013 | 9:44 PM ET

    Australia's economy grew at a moderate pace last quarter as a long-awaited surge in resource exports helped offset softness elsewhere.

  • US, China Reach Deal on North Korea Sanctions Tuesday, 5 Mar 2013 | 6:14 AM ET

    The U.S. and China have struck a tentative deal on a sanctions resolution that would punish North Korea for its third nuclear test, which it conducted last month, U.N. diplomats said on Monday.

  • China Puts Focus on Consumers to Drive Growth Monday, 4 Mar 2013 | 11:50 PM ET

    China put its fast-growing consumer class at center-stage as outgoing Premier Wen Jiabao set out a reform plan on Tuesday to spread the fruits of economic growth more evenly.

  • China HSBC Services PMI Falls From 4-Month Highs Monday, 4 Mar 2013 | 9:01 PM ET

    China's services sector cooled in February after new business receded from eight-month highs, a private survey showed on Tuesday.

  • Can China Break Out of Its IPO Freeze? Monday, 4 Mar 2013 | 7:11 PM ET

    China's IPO action has been locked in ice since October by China Securities Regulatory Commission (CSRC) officials intent on boosting investor confidence and improving scrutiny of stock market hopefuls. CaiXin Online reports.

  • China's Monetary Policy Baffles Investors Monday, 4 Mar 2013 | 4:10 AM ET

    Since markets got back online after the week-long Lunar New Year holiday last month, the benchmark Shanghai Composite Index has fallen as much as 4 percent or gained as much as 2.25 percent in a single session.

  • A Two-Speed Global Economy, Led by China Monday, 4 Mar 2013 | 1:48 AM ET

    As central banks in Europe edge closer to deciding that their flagging economies need yet more monetary stimulus, they cast an envious eye towards China.

  • Japan Consumer Prices Dip for Second Month Thursday, 28 Feb 2013 | 9:31 PM ET

    Japan's core consumer prices fell 0.2 percent in December from a year earlier, government data showed on Friday, down for a second straight month.

  • Bankers Fear Chinese Push to Head ADB Thursday, 28 Feb 2013 | 8:48 PM ET

    Now that Haruhiko Kuroda will leave the Asian Development Bank, bankers are braced for the Chinese to launch efforts to install one of their own as Kuroda's successor.

  • China Factory Growth Cools to Five-Month Low Thursday, 28 Feb 2013 | 8:15 PM ET

    Growth in Chinese factories cooled in February to a five-month low after domestic and foreign demand slackened, missing market forecasts and underscoring China's patchy economic recovery.

  • China Plans Bond Overhaul to Fund This $6 Trillion Plan Thursday, 28 Feb 2013 | 6:51 PM ET

    China plans major bond market reform to buoy economic growth and close a chasm between the country's urban rich and rural poor.

  • Will India's 'Do-No-Harm' Budget Cheer Investors? Thursday, 28 Feb 2013 | 5:24 AM ET

    India's much-awaited annual budget failed to deliver on the hype sending the nation's equity markets lower on Thursday, with one economist calling Finance Minister P Chidambaram - who has the tough job of reining in the fiscal deficit while spurring growth – simply a "firefighter."

  • India Budget Increases Spending, Taxes the Rich Thursday, 28 Feb 2013 | 3:52 AM ET
    India's Finance Minister Palaniappan Chidambaram

    India unveiled higher-than-expected spending for fiscal 2013/14 on Thursday, aiming to fund it with higher revenues - including new taxes on the rich and large companies - in a budget aimed at reviving growth amid the country's worst slowdown in a decade.

  • Evidence of Japan Pickup: Industrial Output Rises Wednesday, 27 Feb 2013 | 7:52 PM ET

    Japan's industrial output rose for a second straight month in January, offering some evidence that the export-reliant economy may be emerging from a mild recession due to a pick-up in global demand.

  • Plastic Surgery, 'Gangnam-Style' Wednesday, 27 Feb 2013 | 2:34 AM ET

    Plastic surgery is a lucrative trade in South Korea, with citizens edging out Greece, Italy and the US as the most cosmetically enhanced people in the world. The GlobalPost reports.

  • Desperate Hunt for Day Care in Japan Wednesday, 27 Feb 2013 | 1:00 AM ET

    Japan subsidizes day care for families of varied incomes, but as more women work, they find themselves forced into an annual competition for coveted slots for their children. The New York Times reports.

  • Key China Think-Tank Sees 8% GDP Growth in First Quarter Wednesday, 27 Feb 2013 | 12:39 AM ET
    Shopping district in Beijing, China

    China's gross domestic product will grow at annualised rate of about 8 percent in the first quarter of 2013 while the consumer price index will rise around a yearly 2.6 percent, the China Securities News said.

Contact Asia Economy


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