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Economy : Business Times
Jan 15, 2025 · "Japan has slipped into a recession, leading to the loss of its position as the world's third-largest economy-a title now held by Germany. This shift comes as Japan's Gross Domestic Product (GDP) shrank at an annualized pace of 0.4% in the final quarter of 2023, as reported by the Cabinet Office.
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The Business Times is a trusted source of real-time news, intelligence and analysis on the forces reshaping global and national economy. Business Times, is a digital global news publication which initially founded in 2009 and headquartered in Beijing, and moved the operation to New York City in March, 2020.
China’s Q4 GDP Surges 5.4%, Surpassing Forecasts Amid Policy …
6 days ago · China's economy exceeded expectations in the fourth quarter of 2024, growing at a robust 5.4% year-on-year, according to data released Friday by the National Bureau of Statistics. The strong performance, fueled by a series of targeted stimulus measures, allowed Beijing to meet its annual growth target of "around 5%," with full-year GDP growth landing at exactly 5%.
Alibaba Sells Intime Retail for $1 Billion, Recording $1.3 Billion Loss
Dec 18, 2024 · Alibaba Group Holding is set to exit its physical retail business after announcing plans to sell its entire stake in Intime Retail Group for $1 billion, marking a $1.3 billion loss on the deal. The Chinese e-commerce giant's decision reflects its strategic shift to refocus on its core online commerce operations amid mounting competition and challenging market conditions.
Core Inflation Slows to 3.2% in December, Below Forecasts as …
Jan 15, 2025 · Inflation pressures showed signs of easing in December, with the core Consumer Price Index (CPI) rising at an annual rate of 3.2%, slightly below forecasts and marking the first deceleration in the metric since July. The Bureau of Labor Statistics (BLS) data released Wednesday signaled a modest improvement in price stability, even as energy costs surged.
OpenAI Proposes AI Blueprint for U.S. to Stay Ahead of China …
Jan 13, 2025 · OpenAI has unveiled a sweeping set of proposals aimed at ensuring the United States retains its leadership in artificial intelligence, a move designed to counter China's rising influence in the sector. The recommendations, detailed in a document titled the "Economic Blueprint," emphasize the need for federal investment, regulatory frameworks, and international collaboration to solidify America ...
China’s Deflation Concerns Deepen as Inflation Stalls in December
Jan 9, 2025 · China's economy is facing growing deflationary pressures as consumer inflation slowed to just 0.1% in December, raising fresh concerns about the country's economic recovery. Data released by the National Bureau of Statistics showed that wholesale prices also declined for the 27th consecutive month, highlighting the persistent challenges in revitalizing domestic demand despite months of ...
Chinese Manufacturing Growth Slows as New Trade Threats Loom
Dec 31, 2024 · China's manufacturing sector ended the year on a tempered note, with fresh data showing a lower-than-expected reading for December's purchasing managers index. According to the National Bureau of Statistics, the PMI stood at 50.1 in December, a figure just above the expansion threshold but below the 50.3 forecast by economists.
Editorial
Glen has worked as a correspondent and editor in East and Southeast Asia for more than 20 years including stints at the The Wall Street Journal, Dow Jones Newswires and Nikkei Asian Review. He is a keen yet "average" golfer and has developed an interest in hill-country hiking ...