China's Crisis of Confidence in Six Charts
Chinese households are losing faith in the nation’s future. Unless Beijing can reassure them, they could drag down the entire economy. Source link
Economic growth
Bank of Korea Stands Pat; Keeps 2023 Growth, Inflation Forecasts
South Korea’s central bank stood pat on interest rates for a fifth straight time as widely expected and maintained its 2023 economic growth and inflation forecasts. The Bank of Korea kept the benchmark seven-day repurchase rate unchanged at 3.50% on Thursday, continuing a pause in its policy tightening amid signs that the economy is cooling, … Read more
Beijing to provide more economic support to boost sluggish post-pandemic recovery
Real estate and tech stocks in Hong Kong and China soared this Tuesday after a Politburo meeting signalled the government would provide more support to the economy. The July meeting is often seen as crucial in setting the tone for economic policy in the country. China says it is on track to reach its 5 … Read more