International News
Chinese Venture Capitalists Warn IPO Freeze Will Hinder Tech Innovation
Chinese venture capitalists have cautioned that the current IPO freeze is depriving tech startups of crucial funds, keeping market participants locked into existing investments and undermining Beijing’s push to enhance innovation in the economy. At the three-day ChinaVenture Investment Conference in Shanghai, firms voiced concerns over difficulties in recouping investments through traditional initial public offerings. […]
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Analysts Doubt Efficacy of China’s US$43.5 Billion Housing Initiative
China’s latest US$43.5 Billion housing initiative targets the country’s vacant property crisis, but analysts argue it’s insufficient to resolve the ongoing issues that have plagued the sector for nearly three years. The initiative, announced last Friday, aims to fund bank loans for state companies to purchase unsold housing stock, but concerns remain about the measure’s […]
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China Boosts Exports to 7.6% in May Amidst US, Europe Tightening Chinese Import Tariffs
China’s exports jumped by 7.6% year-on-year in May, providing a crucial boost to the world’s second-largest economy amid ongoing property market woes and subdued domestic demand. This significant rise, reported by the country’s customs office on Friday, outpaced April’s 1.5% increase and exceeded economists’ expectations of a 6.0% growth, according to Nikkei Asia on 7 […]
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EU Cracks Down on Unsustainable Supply Chains with Landmark Directive
The European Union (EU) has taken a significant step towards promoting ethical and sustainable practices in global supply chains with the adoption of a new directive on corporate due diligence. This legislation, applicable to large companies within the EU, mandates stricter accountability for environmental and human rights issues throughout their operations and supply networks, according […]
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To Counter US, China Invests Big in Domestic Chip Production with US$47bn Fund
In a bold move to bolster domestic chip manufacturing and counter US restrictions on advanced technology, China launched a new state-backed semiconductor fund worth a staggering 344 billion yuan (US$47 billion), according to Asia.nikkei on May 27, 2024. This substantial investment, known as the China Integrated Circuit Industry Investment Fund Phase III (Big Fund Phase […]
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Dubai Issues Golden Visa: A Luxury House Costs US$24m, Still Cheap for Chinese Buyers
Dubai’s Booming Market and Golden Visa Scheme Lure Investors from Mainland China and Hong Kong Fuelled by a thriving real estate market and a fast-track residency program, Dubai is rapidly becoming a top destination for property investors from mainland China and Hong Kong, according to industry experts. This shift in investor focus comes after years […]
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Beijing Invests US$42bn to Revive Struggling Real Estate Sector, but Analysts Warn Insufficient
In a bold move to stabilise the struggling property market, the People’s Bank of China (PBOC) is establishing a nationwide program offering a staggering 300 billion yuan (US$41.5 billion) in loans, as reported by CNN, 17 May 2024. Industry experts estimate this initial injection could ultimately translate into 500 billion yuan (US$69 billion) worth of […]
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Japan’s Exports Surge in Value 8.3%, Led by Autos and Chips, Despite Volume Decline 3.2%
Japan’s export value surged by 8.3% to reach 8.9 trillion yen (US$57 billion) in late April, marking the fifth straight month of growth, according to official data released by the Japanese Ministry of Finance on Wednesday. However, export volume saw a decline of 3.2% compared to the previous year, as reported by NikkeiAsia on 11 […]
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Asian Countries Do business with China, Lose More Than Profit, but Still Cannot Leave China
In a significant turn of events, the United States has surpassed China as the premier export destination for South Korea and Taiwan, marking a pivotal shift in Asia’s trade landscape. This development, observed in December, underscores a broader trend where Asian economies are exporting less to China as a percentage of their total exports, while […]
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Thai Gov’t Raises Threshold for Reduced Transaction Fees on Property Priced from US$90k to US$258k
The Thai government has unveiled a series of initiatives aimed at revitalising the country’s real estate sector. Among these measures is the approval by the Thai cabinet to increase the minimum tax rate on home and condominium transactions to 7 million baht, approximately US$209,000, as reported in a government statement released on Tuesday 9 April […]
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