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China's uncompromising Covid policies, poor domestic demand and a real estate sector crash all combined to deal a heavy blow to the country's industrial sector
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Asia Media Digest
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Daily roundup of the best New Economy stories from other media
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Asia Financial TV
IMF director said soaring prices and plummeting currencies have left “several countries at high risk of debt distress”
The bleak data also underlined the impact of fresh Covid restrictions across many Chinese cities including manufacturing hubs Zhengzhou and Guangzhou
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The AF Big Picture
China’s imposition of tariffs and restrictions on metals, food, and energy is worsening the pressure on global inflation
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Oil & GasIndia Is Likely Exporting Refined Russian Oil to the WestIndia’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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Market InsightsFresh snap lockdowns put China’s economic recovery in perilChina’s economy slowed sharply in the second quarter due to widespread lockdowns. Now, a nascent third-quarter recovery in the world's second-largest economy appears in danger of stalling.
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MarketsApple Asks Suppliers in Taiwan to Meet China Label StandardsUS tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
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Real EstateChinese Banks Brace For Massive Hit As Homebuyers Refuse To Pay LoansChina’s homebuyers are refusing to pay mortgage loans and their “stop mortgage repayment” movement has spread to several Chinese provinces
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