Chinese factory, consumer activity slow amid economy struggles
China’s economy showed further signs of weakness last month, with key data Monday revealing factory output and consumption rising at their weakest pace for around a year. Beijing has struggled to fully reignite the world’s number two economy since the end of the Covid-19 pandemic, with the once-booming property sector mired in a debt crisis […]
Asia stocks tumble after Trump tariffs
Asian markets tumbled on Tuesday after US President Donald Trump heaped tariffs on Chinese imports and warned levies on Mexico and Canada could not be averted. Japan’s Nikkei and Hong Kong’s Hang Seng saw the biggest drop, tumbling more than two percent and 1.5 percent respectively. It comes after the White House said Trump had […]
Toyota announces Lexus EV plant in Shanghai
Japan’s Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand, at a time when many foreign car companies are struggling in China. The world’s top-selling automaker made the announcement as it hiked its annual net profit forecast to almost $30 billion as well as its revenue projection. […]
