ASIA ECONOMY

The fate of Nvidia's powerful H200 artificial intelligence chips in China remained unresolved Friday after Trump's visit to China ended without a breakthrough, according to a new report.

Japan's Nikkei 225, South Korea's Kospi and Taiwan's Taiex have all reached new highs, tracking a broader global rally that has also pushed U.S. indexes such as the S&P 500 and Nasdaq Composite to record territory.

The 8.7% increase was the strongest in 18 months and came as imports rose just 0.5%, falling short of expectations as the Chinese economy slows.

Growth in Southeast Asia's largest economy was 5.05 percent in the second quarter, slightly lower than the previous quarter's 5.11 percent, Statistics Indonesia said.

Asian markets were mixed Tuesday following a drop on Wall Street, though Shanghai and Hong Kong were lifted by a pledge by authorities to boost investment in a range of stocks as they look to staunch a long-running rout.

President Xi Jinping said Sunday the Chinese economy had grown "more resilient and dynamic" in 2023, despite financial figures continuing to disappoint as the post-Covid recovery stalls.

After a two-week visit to Sri Lanka, an IMF team said the South Asian country failed to make enough progress in boosting tax collection and other economic reforms. Despite encouraging signs of improvement, Sri Lanka's recovery is "not yet assured" after the first review of its $2.9 billion bailout.

Once upon a time, China's leadership could swiftly address the country's economic problems. It could quickly turn economic slowdowns into booms.

The agreement, which comes as the world is finding ways to accelerate the adoption of clean energy, is aimed at reducing "the effects of climate change, such as carbon capture, utilization and storage."

The rapid depreciation of the Chinese currency sounds like a paradox. China is still a significant exporter of manufacturing goods with a trade surplus, creating a strong demand for its currency.

China must recognize its youth unemployment problem. It's getting from bad to worse, with the government stopping providing data on it.

China's aggressive expansion into Africa may have solved some of the problems of the old continent while enriching the country's construction companies in the process. But it has yet to help solve China's growing economic problems.

In the last decade, China's role as the factory of the world has been undermined by several factors, including the rising of the country's labor costs due to the Lewis point, the rising geopolitical tensions between China and the U.S. and its allies over several issues and the flaring tech war.

The average Chinese citizen is much better off today than four decades ago when the country's economy was mired in stagnation.

The comeback of China's economy could be a game changer for the commodities market.

India still needs to deploy the advantages it has to attract foreign investment and catch up with China.

Zero interest rates are a policy of the past for most central banks worldwide, but not for the Bank of Japan.

A technological leap is critical for emerging market economies to overcome two problems they encounter after years of reliance on foreign technology and cheap domestic labor for growth: the middle-income trap and the Lewis point.

Is it time for traders and investors to go bargain hunting or wait on the sidelines for the worst yet to come?

China has delayed the release of GDP and trade data ahead of President Xi Jinping's expected third-term confirmation.

Pakistan appealed to the International Monetary Fund to have its debt rescheduled last week.

To catch up with the U.S., China needs much more than a dose of incentives and foreign technology.

Another problem, even more significant than coronavirus, won't go away any time soon: the burst of the housing property bubble.