Asia Economy


  • China tourism set for boom like Japan in the '80s Tuesday, 6 Aug 2013 | 9:37 PM ET

    Chinese travelers make up a sizeable group of consumers and talk of a slowdown in the world's second largest economy could make countries dependent on China tourism receipts nervous.

  • China's growth plan 'pretty persuasive': O'Neill Tuesday, 30 Jul 2013 | 9:21 AM ET
    Jim O'Neill, chairman of Goldman Sachs Asset Management

    Just back from China, renowned economist Jim O'Neill told CNBC that the "incessant focus" on whether the Chinese GDP numbers are accurate "seems to be misplaced."

  • Forget growth, China is contracting, experts say Monday, 29 Jul 2013 | 1:04 PM ET
    An investor watches the electronic board at a stock exchange hall on June 24, 2013 in Huaibei, China.

    China's economy may be contracting, investment experts told CNBC on Monday. That's in sharp contrast to China's official growth assessment of 7.5 percent in the second quarter.

  • When one pair of eyelids isn’t enough Tuesday, 23 Jul 2013 | 11:51 PM ET

    Many Chinese graduates believe plastic surgery will improve their job prospects. The FT reports.

  • Now or never for consumption tax: Japan LDP member Sunday, 21 Jul 2013 | 11:33 PM ET
    Japanese Prime Minister Shinzo Abe.

    Japan will move swiftly to hike the consumption tax, a member of the Liberal Democratic Party (LDP) told CNBC a day after Abe's ruling coalition won the upper house elections.

  • China liberalizes bank lending rates in reform push Friday, 19 Jul 2013 | 10:20 AM ET
    A shopper counts Chinese yuan banknotes as he shops for fruit and vegetables at a market in Shanghai, China.

    China's central bank said that relaxing controls on bank deposit rates is a risky process that needs mature market conditions, so it will be carried out gradually.

  • What Sunday’s Japan election means for Abenomics Thursday, 18 Jul 2013 | 7:43 PM ET
    Japanese Prime Minister Shinzo Abe

    If Shinzo Abe's ruling coalition wins Sunday's elections, Japan's prime minister will have a clear mandate to push ahead with his radical economic agenda.

  • IMF keeps bullish forecast for China intact Wednesday, 17 Jul 2013 | 11:11 PM ET

    The IMF is sticking to its forecast for China to grow 7.75 percent this year, but warned that policy makers must address imbalances in the economy to avoid future shocks.

  • China June FDI rises at fastest pace in years Wednesday, 17 Jul 2013 | 3:25 AM ET

    FDI in China in June jumped 20.12 percent from a year ago, the quickest gain since March 2011, showing that investors are still confident about the economy even as growth slows.

  • Chinese Prime Minister Li Keqiang

    China's Premier Li Keqiang is likely to unveil measures in coming months to prevent growth in the world's second largest economy from falling too sharply.

  • Why aren't markets rallying over China's GDP? Monday, 15 Jul 2013 | 1:28 AM ET

    China's highly anticipated second quarter gross domestic product (GDP) data allayed some fears over a sharp growth deceleration, yet cheer was limited in Asian markets on Monday.

  • Will a job market scare push Beijing to act? Sunday, 14 Jul 2013 | 10:47 PM ET

    A slowdown in China's job market is a major risk factor for policymakers, and economists say this could lead them to boost growth if there are further signs of deterioration.

  • Foreign firms in China feel sting amid slowdown Sunday, 14 Jul 2013 | 9:41 PM ET
    Shopping district in Beijing, China

    China's vast market for foreign goods and services, once seen by global companies as a modern-day El Dorado, is becoming a weight around their necks as its growth slows.

  • European leaders agreed on new steps to fight youth unemployment and promote lending to credit-starved small business on Thursday after deals on banking resolution and the long-term EU budget.

  • Norway's Economic Star Begins to Lose Its Shine Thursday, 27 Jun 2013 | 1:37 AM ET

    300 jobs may be gone by September in the town of Tofte, the deadline set by the loss-making oil plant's Swedish owner to find a buyer or close.

  • EU Tries (Again) to Shield Taxpayers From Bank Failure Wednesday, 26 Jun 2013 | 2:04 AM ET

    The European Union will make a fresh attempt on Wednesday to share out the costs of future bank failures, starting a regime to spare taxpayers further bailouts.

  • G-8 Welcomes Japan's Economic Policies, Abe Says Tuesday, 18 Jun 2013 | 8:51 PM ET
    Prime Minister of Japan Shinzo Abe

    Japanese PM Abe said on Tuesday G-8 leaders expressed strong support for his "Abenomics" economic policies and heard no concerns about Japan's super easy monetary easing.

  • US Hiring Outlook Positive, Elsewhere Not So Much Tuesday, 11 Jun 2013 | 7:12 AM ET

    More employers in the U.S. plan to hire workers next quarter than in any period since the fourth quarter of 2008, a survey by Manpower Group found.

  • Global Manufacturing Shrinks, Stoking Fears Monday, 3 Jun 2013 | 12:20 PM ET

    Global manufacturers struggled in May as demand fell, suggesting a world economy that still needs a steady diet of support.

  • China's Grab of US Hogs Stokes Interest on Capitol Hill Thursday, 30 May 2013 | 9:36 AM ET

    China's largest acquisition to date of a U.S. company, Smithfield Foods, is raising eyebrows among market watchers who question China's interest in taking possession of one of America's largest food producers.

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