BOFIT Foresees 6% Growth for China

BOFIT Foresees 6% Growth for China

The Bank of Finland Institute for Emerging Economies (BOFIT) expects China’s GDP growth to reach around 6% this year due to the opening-up of the economy and last year’s low reference basis. Recovery of the real estate sector should also help increase GDP growth next...
Arcturus Hits India

Arcturus Hits India

India has been hit by a surge of Covid-19 cases, driven by a new sub-variant known as Arcturus. The World Health Organisation (WHO) said it is monitoring this Omicron sub-variant XBB.1.16 strain, which is also found in over 20 countries, including Singapore. It was...
Japan Loses Magnet Battle

Japan Loses Magnet Battle

Japanese government measures to prevent the outflow of manufacturing technology related to high-performance, rare-earth magnets appear to have failed. China, whose firms developed technology and equipment acquired from Japan, now dominates the market for advanced...
ADB Sees Faster Growth in Asia

ADB Sees Faster Growth in Asia

According to Asian Development Bank (ADB), growth in developing Asia will be 4.8% this year and the next. This is up from 4.2% in 2022. The People’s Republic of China’s (PRC) recovery and healthy domestic demand in India will be the region’s main growth...