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The retirement age for men is 60, five to six years below most developed economies, while for women it is 50 or 55. The move will ease a soaring pension budgets crisis
The PBOC cut rates on its seven-day reverse purchase agreements, leading to a similar drop in its loan prime rates (LPR), pulling bond yields down across the curve
Beijing faces a credibility deficit on its 'old' policy agenda and will need to act with urgency if it wants to lift business and consumer sentiment, economists say
TSMC's shares had been on a roll until US Republican presidential candidate Donald Trump accused Taiwan of stealing American chip business and asked the island to 'pay for its defence'
Notes from the plenum had no details on how Beijing plans to reach its goals, such as getting consumers to spend more when resources go mainly to producers and infrastructure
The absence of concrete stimulus promises out of China’s key leadership summit added to an air of pessimism across the region’s bourses
Outage led to US airlines ordering all planes grounded amid communication issues, plus big impacts on media, banks, retailers and telecom companies around the world
Google and Microsoft both offer server rental services outside of China, raising security concerns for Biden’s administration
Bosses also cited a lack of technological expertise and concerns about reliability for avoiding using artificial intelligence
The United States has reportedly told allies it is considering using the most severe trade curbs available if companies continue giving China access to advanced chip tech
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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