Asia
There are multiple explanations for China’s mediocre productivity performance – an ageing workforce, the slowdown in key export markets after the global financial crisis in 2008, and weak consumption growth.Authorities have also sought to shift the economy away from less productive industries (such as property and traditional infrastructure), but they still account for a much larger share of economic activity than “new productive forces”. In other words, new industries are unlikely to make up for the contraction of traditional industries and the existing overcapacity will limit how much further their share can increase in the next few years.HITTING THE LIMITS…
WASHINGTON: The acting US Navy secretary said Thursday (May 21) that arms sales to Taiwan…
NEW YORK: Goldman Sachs has agreed to pay US$500 million to settle a class action…
His May Day speech announcing a cap on ride-hailing commissions at 8 per cent, down from around 20 per…
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ENERGY SECURITY ABOVE ALLEnergy security above other calculations guides China’s strategic outlook. China needs both Russian…
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Pakistan has emerged as a central mediator between the US and Iran, hosting talks last…
KUALA LUMPUR: Malaysia has ordered TikTok to take immediate steps to improve how it regulates…
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The Philippine Supreme Court’s interim ruling on Wednesday denying the Philippine ex-police chief’s bid for…
RUPIAH’S SLIDE FUELS INVESTOR CONCERNSWhile analysts stress that Indonesia’s economy is far stronger than it…
But routine did not mean insignificance, said analysts.For Moscow, the visit reaffirmed access to China’s…
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