China’s Xi expects 2024 GDP growth of around 5%, state media says
BEIJING (Reuters) – China’s gross domestic product is expected to grow by around 5% in 2024, President Xi Jinping said on Tuesday, state media reported. This post appeared first on investing.com
Chinese youth flock to civil service, but slow economy puts ‘iron rice bowl’ jobs at risk
By Laurie Chen BEIJING (Reuters) – A record 3.4 million young Chinese flocked to the civil service exam this year, lured by the prospect of lifetime job security and perks including subsidised housing as an economic slowdown batters the private…
Asia shares dip as high yields test valuations
By Wayne Cole SYDNEY (Reuters) – Asian shares edged lower on Monday as high Treasury yields challenged lofty Wall Street equity valuations while underpinning the U.S. dollar near multi-month peaks. Volumes were light with the New Year holiday looming and…
Dollar reigns with the support of higher yields
SINGAPORE (Reuters) – The Japanese yen traded around five-month lows on Monday against a dollar underpinned by rising U.S. yields as thin year-end liquidity kept most currencies in tight ranges. The yen was changing hands at 157.71 with only the…
Philippines’ Marcos signs into law record $109 billion budget for 2025
MANILA (Reuters) – Philippine President Ferdinand Marcos Jr. signed the 2025 budget into law on Monday, saying a planned 10% increase in government spending to a record 6.33 trillion pesos ($109.2 billion) would support economic growth and reduce poverty. The…
China’s Dec manufacturing activity seen expanding for third month – Reuters poll
BEIJING (Reuters) – China’s factory activity likely expanded for a third straight month in December, offering a glimmer of optimism to officials trying to steady the world’s No. 2 economy as they brace for further U.S. trade tariffs under a…