[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Weaker-than-expected retail sales in November pummeled market sentiment …
Read More »China’s reopening brings both risks and opportunities: ADB
[ad_1] China’s reopening could bring opportunities as well as risks to its economy, Albert Park, chief economist at the Asian Development Bank told CNBC. Although the lifting of Covid restrictions in China would boost growth prospects for the country and other economies, it could also lead to an increase in …
Read More »Who had it good — and who had it bad — in 2022
[ad_1] Police officers step into the vandalized gateway to Sri Lanka’s presidential palace in July. The country has been hit hard by an economic crisis. Abhishek Chinnappa | Getty Images News | Getty Images Curtis S. Chin, a former U.S. ambassador to the Asian Development Bank, is managing director of …
Read More »China’s economy faltered before major Covid policy shift, retail sales and unemployment data show
[ad_1] Hong Kong CNN — China’s Covid-battered economy slumped in November before its leaders abruptly eased pandemic restrictions, paving the way for a reopening that economists say will be bumpy and painful. On Thursday, a series of indicators pointed to a slowdown in economic activity last month. Retail sales declined …
Read More »Biden welcomes African leaders for summit as China and Russia expand influence
[ad_1] Washington CNN — President Joe Biden welcomes nearly 50 leaders from Africa on Wednesday for a summit intended to reset Washington’s commitment to a region where China and Russia are also working to expand their influence. The gathering, coming nearly two years into Biden’s term, will focus on issues …
Read More »Opinion: In China, a knock at the door doesn’t mean what it used to
[ad_1] Editor’s Note: Lars Hamer is the Editor-in-Chief of the China lifestyle magazine, That’s. He has lived in Guangzhou, China since 2018. The views expressed in this commentary are his own. Follow him on Twitter @LarsHamer1. Read more opinion on CNN. Guangzhou CNN — It’s the knock every resident here …
Read More »China’s zero-Covid: Country braces for impact as virus ‘spreads rapidly’
[ad_1] Editor’s Note: A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here. Beijing CNN — China is bracing for an unprecedented wave of Covid-19 cases …
Read More »As the world courts TSMC, Taiwan worries about losing its ‘silicon shield’
[ad_1] Hong Kong CNN — Semiconductor giant TSMC was feted this week by US President Joe Biden and Apple CEO Tim Cook during a ceremony to unveil its $40 billion manufacturing site in Arizona — a huge investment designed to help secure America’s supply of the most advanced chips. But …
Read More »GCAP: Japan, Britain and Italy team up to build sixth-generation fighter jet
[ad_1] CNN — The United Kingdom, Japan and Italy announced Friday they are teaming up to build a sixth-generation fighter jet, designed to rival or eclipse the best warplanes now employed by the likes of China and Russia – and possibly even the United States, the main ally of the …
Read More »China is moving from Covid-zero but it won’t be straight path forward
[ad_1] Passengers wait to board a train at Hongqiao railway station in Shanghai on December 6, 2022. Hector Retamal | Afp | Getty Images BEIJING — As mainland China relaxes many of its stringent Covid controls, analysts point out the country is far from a quick return to a pre-pandemic …
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