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January 26, 2021

Asia Economy

Advisor to Japanese prime minister names 4 conditions for the Tokyo Olympics to go on

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CNBC – For more and to sign up click here A pedestrian wearing a face mask walks past a banner promoting the Tokyo 2020 Olympic Games outside the Tokyo Metropolitan Government building in Japan. Tomohiro Ohsumi | Getty Images SINGAPORE — There has been much debate over whether the Tokyo......

Food shortages, sacked officials: What happened when one Chinese city shut down after a Covid outbreak

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CNBC – For more and to sign up click here Volunteers in protective suits disinfect in a residential area of Tonghua, China on January 24, 2021. Visual China Group | Getty Images BEIJING — One small Chinese city’s rush to control the coronavirus has left some residents without food, and......

China surpasses U.S. as largest recipient of foreign direct investment during Covid pandemic

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CNBC – For more and to sign up click here Employees work on the production line of WEY Tank 300 SUV at a factory of Great Wall Motors on January 19, 2021 in Chongqing, China. VCG | Visual China Group | Getty Images The Chinese economy brought in more foreign......

Op-Ed: Xi is positioning China as the world’s indispensable economy — and Biden’s greatest challenge

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CNBC – For more and to sign up click here A news report on Chinese President Xi Jinping’s New Year’s Eve speech is shown on a public screen in Hong Kong, China, on Thursday, Dec. 31, 2020. Bloomberg | Bloomberg | Getty Images It’s now Biden’s America, but whose world......

China failed to buy agreed amounts of U.S. goods under ‘phase one’ trade deal, data shows

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CNBC – For more and to sign up click here SINGAPORE — China has so far failed to meet its purchase commitments for U.S. goods under the “phase one” trade deal that it struck with the Trump administration. As part of the “phase one” trade deal, China agreed to buy......

Biden’s team talks tough on China as early signs show policies won’t differ sharply from Trump’s

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CNBC – For more and to sign up click here U.S. President Joe Biden delivers his inaugural address on the West Front of the U.S. Capitol on January 20, 2021 in Washington, DC. Rob Carr | Getty Images U.S. President Joe Biden and his predecessor Donald Trump may disagree about......

No question the Biden administration has to appear ‘very tough’ on China, former Singapore diplomat says

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CNBC – For more and to sign up click here SINGAPORE — The Biden administration will likely maintain tough rhetoric against China, a former Singapore diplomat said Wednesday. But it remains to be seen if the administration would listen to other countries in the region before implementing its policies towards......

Oaktree’s Howard Marks says this tax proposal in the U.S. makes investing less attractive

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CNBC – For more and to sign up click here U.S. Treasury Secretary nominee Janet Yellen reportedly said she would consider taxing unrealized capital gains — but billionaire investor Howard Marks said it’s not a practical plan and could hurt sentiment among investor. “I think that would hit sentiment. It......

New map shows where China’s latest virus cases are clustered

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CNBC – For more and to sign up click here Health care worker conducts throat swab test in Shijiazhuang, Hebei province, China on Jan. 18, 2021. Costfoto | Barcroft Media | Getty Images More than half a year since Covid-19 stalled its spread within mainland China, new clusters of cases......

Lockdowns caused by China’s new Covid-19 outbreak are sparking concerns over steel, iron ore

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CNBC – For more and to sign up click here This aerial image taken on June 6, 2019 shows a steel factory in Chengde, China’s northern Hebei province. FRED DUFOUR | AFP | Getty Images A new wave of Covid-19 cases in China’s Hebei province triggered transport restrictions in the......

Foreigners poured money into China as the world struggled with the coronavirus pandemic

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CNBC – For more and to sign up click here A person walks past a Microsoft logo at the Microsoft office in Beijing, China August 4, 2020. Thomas Peter | Reuters BEIJING — Foreigners put more of their money in China last year as the country’s size and growth stood......

China’s V-shape recovery is ‘complete,’ but analysts warn of a slowdown ahead

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CNBC – For more and to sign up click here A man wears a protective mask on February 10, 2020 in Wuhan, China. Getty Images SINGAPORE — China’s economy ended 2020 on a strong note after official data showed activity picked up further in the fourth quarter, but some economists......

China says its economy grew 2.3% in 2020, but consumer spending fell

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CNBC – For more and to sign up click here Employees working on a dry-type transformer production line at an electrical production factory in Haian, in eastern China’s Jiangsu province on Jan. 4, 2021. Stringer | AFP | Getty Images BEIJING — China reported GDP rose 2.3% last year as......

Op-Ed: Trump might have made it easier for Biden to unify the country after shocking Capitol attack

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CNBC – For more and to sign up click here It wasn’t President Trump’s intention, but he did his successor Joe Biden a potentially historic favor through his incitement of the violent insurrection on Jan. 6, for which the House impeached him for an unprecedented second time this week. No......

China is set to report GDP numbers on Monday. Here’s what economists expect

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CNBC – For more and to sign up click here A Chinese flag flies near apartment buildings in Beijing. Greg Baker | AFP | Getty Images SINGAPORE — China’s new economic data next week will likely confirm the country as one of the few economies that grew in 2020 despite......

5 high-end electric SUVs available in China right now

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CNBC – For more and to sign up click here A Tesla charging station in a hotel parking lot. Zhang Peng | LightRocket | Getty Images BEIJING — When it comes to China’s electric car market, the high-end SUV segment is one start-ups and foreign brands alike are competing heavily......

‘No vaccine, no service:’ How vaccinations may affect travel plans in the future

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CNBC – For more and to sign up click here While interest in getting vaccinated for Covid-19 might vary, the desire to travel largely does not. A study released by Hilton last October indicated that 95% of Americans miss traveling. But those who either can’t or won’t take a Covid......

Samsung’s high-end smartphones signal the innovation it has in store for the rest of its products, analyst says

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CNBC – For more and to sign up click here SINGAPORE — Samsung is due to launch its newest Galaxy smartphones on Thursday and these pricey devices are expected to deliver in terms of revenue and margins, an analyst told CNBC. The South Korean tech giant’s high-end flagship devices are......

India to kick off one of the world’s largest Covid vaccination drives this weekend

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CNBC – For more and to sign up click here Bangalore Airport workers transfer carton boxes containing vials of Covishield vaccine developed by the Serum Institute of India in Bangalore, India, Jan. 12, 2021. Stringer | Xinhua | Getty Images SINGAPORE — India is gearing up for one of the......

Biden’s focus on climate change could turn up the pressure on China’s mega infrastructure program

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CNBC – For more and to sign up click here Workers take down a Belt and Road Forum panel outside the venue of the forum in Beijing on April 27, 2019. Greg Baker | AFP | Getty Images SINGAPORE — U.S. President-elect Joe Biden’s pledge to prioritize fighting climate change......

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