Policy rates may reach 6.25 percent in the first half of 2023, which would negatively impact home lending rates and increase the strain on a sector that must also address the increased costs of construction and logistics caused by supply-chain issues. Nonetheless, more optimistic projections ...
Analysts said that Spring Festival spending has been a barometer of China's consumption vitality, and the recovery of consumption will become the main force boosting China's economic rebound in 2023."The Spring Festival is the traditional festival that Chinese people attach the most importance to, ...
Economic activity is picking up in the US but remains lackluster abroad Policy uncertainty has surged since the US national elections. Recent turnaround in US economic surprises leading to increases in rate-cut expectations The outlook has brightened in the US, while it has dimmed for other major...
"It was a great report, but you didn't see the market move much because GDP is backward-looking. It told us what happened in October and November and December," North said. "It's great for historical patterns, but it doesn't really tell us much about where...
"It was a great report, but you didn't see the market move much because GDP is backward-looking. It told us what happened in October and November and December," North said. "It's great for historical patterns, but it doesn't really tell us much about where we're h...
The Bottom Line and The Good News The U.S. economy is in for a bumpy 2023. Businesses should be prepared, and as always, also be prepared for those unexpected events that come out of nowhere. The good news is that 2022 is shaping to end strong, with growth in the fourth quarter proj...
"In the future, we will move towards an era of intelligent interaction, where people and machines are more seamlessly connected and machines are better equipped to help us accomplish greater tasks," said He Xiaodong, head of JD Explore Academy. "AI large models will eventually shift to multimod...
Editor's note: The Chinese economy has maintained growth and resilience in 2023, as the country expands high-level opening-up and emphasizes high-quality development. How do multinational executives evaluate the performance of their companies, their industries, as well as China's business environment...
Moderna signed a memorandum of understanding and a land deal with Shanghai’s Minhang district government on Wednesday to mark the US drugmaker’s first investment in China. Moderna will set up its Chinese headquarters in Shanghai to promote the research, development, production, and sales of me...
In addition, although the number of international flight routes has gradually risen, they still haven’t returned to pre-pandemic levels, partly explaining the sluggish recovery of outbound travel. For instance,less than 6 percent of flightsbetween the US and China that existed prior to the pa...