This is the first time Beijing has edged past Washington since 2020 when The State of Southeast Asia survey first started asking the question.
KKR says China’s real estate correction may only be halfway done
China’s real estate troubles are likely far from over and industry problems need to be addressed quickly for GDP growth to rise significantly, according to KKR.
Why Japan’s ‘shunto’ wage hikes may not bring cheer to over 80% of its workers
Unionized workers that are expected to receive the pay bump made up just 16.3% of Japan’s workforce — a record low — as of June 2023.
Singapore’s economic losses due to heat stress could nearly double to over $1.5 billion in 2035
Fall in productivity is expected to rise to 14% in 2035, leading to an economic loss of S$2.22 billion ($1.64 billion), after adjusting for inflation.
East Asia’s growth is faster than the rest of the world but China headwinds weigh, World Bank says
Growth in developing East Asia and Pacific is outpacing the rest of the world, but the region will likely see slower growth in 2024, the World Bank says.
India wants to become the top manufacturing alternative to China. But first it needs to beat Vietnam
India is expected to be the biggest beneficiary of the “China plus one” strategy, but the country still has ways to go before it can compete with Vietnam.
Caixin survey shows China’s March factory activity at its most robust in 13 months
The Caixin China manufacturing purchasing managers’ index was 51.1 in March — its strongest since February 2023.
Toyota could introduce electric, plug-in Tacoma and Tundra pickups
Toyota is evaluating an expansion of its U.S. truck lineup that could include all-electric or plug-in hybrid electric versions of its Tacoma and Tundra pickups.
Standard Chartered says Japan ‘very, very close’ to yen intervention
The yen’s 34-year low has prompted market speculation over potential government intervention to support its currency.
China’s Xi tells U.S. CEOs that bilateral relations can have a ‘brighter future’
Chinese President Xi Jinping told U.S. executives that bilateral relations can improve, and pledged that Beijing would keep working to improve the business environment.