Chinese consumer spending is set to double by 2030, Morgan Stanley predicts
Chinese consumer spending is set to more than double in 10 years, with an emphasis on services rather than goods, Morgan Stanley analysts said.
CNBC Asia
Malaysia's latest Covid lockdown won't hit the economy as much as last year, finance minister says
The ongoing lockdown is estimated to cost 700 million ringgit ($172.7 million) a day in lost GDP, said Finance Minister Zafrul Aziz.
Carrie Lam hopes Biden administration will give Hong Kong's national security law 'a fair hearing'
The national security law, imposed by Beijing on Hong Kong last year, became one of the issues at the center of worsening U.S.-China ties.
How Covid-19 vaccines can shape China and India's global influence
Both India and China have developed local Covid-19 vaccines while India's Serum Institute is also producing one from AstraZeneca and Oxford University.
Nationalism 'is not the way forward': New Zealand minister calls for more trade relationships
The world needs to build up its "overall security," especially now during the Covid-19 pandemic, New Zealand's trade minister Damien O'Connor said Wednesday.
Asia-Pacific stocks fall; Cathay Pacific shares in Hong Kong drop nearly 10%
Overnight on Wall Street, the S&P 500 wiped out its 2021 gains and dropped into negative territory for the year.
BMW cuts prices for its China-made electric SUV by $10,000
BMW has cut prices for its all-electric iX3 SUV in China, bringing the car into closer competition with vehicles from Tesla and Chinese start-ups like Nio.
From No. 1 to No. 6, Huawei smartphone shipments plunge 41% as U.S. sanctions bite
U.S. sanctions have cut Huawei off from key software like Google Android and critical components like chips which have hurt its sales.
Apple had a record quarter in China with the highest ever number of iPhone upgrades
Apple CEO Tim Cook said the China had a "record number of (iPhone) upgraders during the quarter, the most we've ever seen in a quarter."
This is Asia's top-performing economy in the Covid pandemic — it's not China
Few economies grew in 2020 when lockdown measures around the world to contain the coronavirus brought much economic activity to a halt.
An epic bubble might be building, but it's less frothy in China, investor says
Zhang Yichen, the chief executive of Chinese investment firm Citic Capital, told CNBC that it's still "relatively comfortable" in China.
China reports a growing shortage of factory workers
The government's fourth-quarter list of 100 jobs with the greatest labor shortage showed manufacturing-related positions accounted for 36, or more than a third.
Watch live: White House holds a press briefing on the coronavirus pandemic
Expect 'tough' quarters ahead as chipmakers look to catch up with auto sector demand, Credit Suisse says
It will take months for chipmakers to catch up with a shortfall in supply for the auto sector, predicts Credit Suisse's Randy Abrams.
Goldman Sachs CEO David Solomon gets $10 million pay cut over bank's role in 1MDB scandal
The pay cut for Solomon reflects prior penalties imposed on the bank and not Solomon's own conduct, the SEC filing said.
Asia-Pacific markets mixed as IMF raises global economic growth forecast
The International Monetary Fund now expects the global economy to grow 5.5% this year, a 0.3 percentage point increase from October's forecasts.
Southeast Asia's Gojek wants to expand further outside Indonesia this year, co-CEO says
Gojek started in 2010 with ride-hailing and has branched out into other business areas including food delivery, digital payments and logistics.
India stocks 'quite fully priced' — but watch for the country's vaccination push, says JPMorgan
India's BSE Sensex on Thursday briefly soared to a record high, crossing the 50,000 level for the first time.
Ant Group IPO could get back on track if it resolves issues, China's central bank governor suggests
Ant Group's IPO, which would have been record setting, was pulled by regulators days before it was due to begin trading in Shanghai and Hong Kong in November.
Shares in Asia decline as major stock indexes fall more than 2%
Markets in Australia and India are closed on Tuesday for holidays.
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