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China needs to "reinvent itself" with economic policies to speed resolution of its property market crisis and boost domestic consumption and productivity, the International Monetary Fund's Managing Director Kristalina Georgieva said on Sunday.
BEIJING (Reuters) -- China needs to "reinvent itself" with economic policies to speed resolution of its property market crisis and boost domestic consumption and productivity, the International Monetary Fund's Managing Director Kristalina Georgieva said on Sunday.
Welcome to Your Week in Asia.
When the weather turned cold in December, Cindy Luo started to wear her fluffy pajamas over a hooded sweatshirt at the office. Wearing cozy sleepwear to work became a habit and soon she didn’t even bother to wear matching tops and bottoms, selecting whatever was most comfortable.
Summer Sonic will come to Southeast Asia for the first time in its second venture outside Japan, with dates set for August 24 and 25 in Bangkok after shows in Tokyo and Osaka, according to Thai government spokesman Chai Wacharonke. Thailand will also be hosting the dance music festival Tomorrowland in 2026, which may be only the first of 10 consecutive editions, Chai said in a statement on Saturday.
The Philippine military said the nearly hour-long attack occurred off Second Thomas Shoal, where Chinese ships have unleashed water cannon and collided with Filipino vessels in similar stand-offs in recent months.
Investors, once eager to pump in billions of dollars in promising Indian tech ventures, are now going slow and cutting smaller cheques. They’ve been burnt by ignominious falls from grace – and valuations – for once-marquee young firms or market debutants of recent years such as digital payment company Paytm.
When it comes to the artificial intelligence that powers chatbots like ChatGPT, China lags behind the United States. But when it comes to producing the scientists behind a new generation of humanoid technologies, China is pulling ahead.