China will remain the world's No. 1 growth driver, says the Asian Development Bank
China will remain the largest growth engine for the world economy in spite of its slowdown, the Asian Development Bank said.
Development asian news
Amazon CEO Andy Jassy in shareholder letter says he's committed to cost cutting while investing in AI
Amazon CEO Andy Jassy on Thursday published his annual shareholder letter, where he pledged to look for ways to keep costs in check even as the company doubles down on investing in new growth areas like artificial intelligence.
Is China’s recovery a riskier bet than India’s boom? Maybe not
Hardly a day goes by without comparisons being drawn between India and China. Such contrasts are invariably inapt and misleading. Not only is India’s economy one-fifth of China’s, the structure of the two economies and the nations’ development paths and political systems are vastly different.
China to cap 'healthy' developing Asia's growth in 2024, says ADB
MANILA -- The Asian Development Bank projected that growth in developing Asia will slow this year, despite improved domestic demand, owing to headwinds and weaknesses in China's economy.
TSMC posts fastest monthly revenue growth since 2022 on AI chip boom
Taiwan Semiconductor Manufacturing Co. (TSMC), posted a surge in monthly revenue in March, as it cashed in on a continuing artificial intelligence boom powered by high-end chips.
US wants to ‘flip script’, isolate China with allies’ help, says Washington’s ambassador to Tokyo
Rahm flagged the importance of the alliance with Japan in helping the US switch to a more multinational approach to security and economic development. The US has been known for a “hub and spokes” approach to security ties that didn’t require close relationships among its allies.
China insurer Ping An's trust arm misses payment over property downturn
HONG KONG -- A trust arm under Ping An Insurance has acknowledged its failure to make an overdue payment on a product invested in a project by a Hong Kong-listed Chinese property developer, signaling that the country's real estate downturn is taking a toll on the broader financial sector.
Blizzard and NetEase Settle Their Beef, Returning Warcraft to China
The Chinese company NetEase said on Wednesday that it had struck a deal to distribute titles from Microsoft’s Blizzard Entertainment, restoring access to popular video games like World of Warcraft for Chinese gamers.