Economy

A man walks past the People’s Bank of China (PBOC) building on July 20, 2023 in Beijing, China. (Photo by Jiang Qiming/China News Service/VCG via Getty Images China News Service | China News Service | Getty Images China bonds rallied with yields hitting record lows after the People’s Bank of China on Tuesday announced that […]

Striking Boeing workers hold rally at the Boeing Portland Facility on September 19, 2024, in Portland, Oregon. Jordan Gale | AFP | Getty Images Boeing on Monday sweetened its contract offer and said it was its “best and final” proposal for its more than 30,000 machinists as their strikewhich has halted most of the aerospace […]

Pan Gongsheng, governor of the People’s Bank of China, delivers a speech during the 2024 Lujiazui Forum on June 19, 2024 in Shanghai, China. Vcg | Visual China Group | Getty Images BEIJING — China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio or RRR […]

Oktoberfest is a worldwide phenomenon, a Bavarian beer festival celebrated in countries around the globe. But many say nowhere is it more fun than in its original home of Munich. The festival attracts some six million celebrants every yearaccording to a festival website operated by Munich’s Department of Labor and Economics. As a non-Bavarian German […]

A job fair in China’s southwestern city of Chongqing on April 11, 2023. Str | Afp | Getty Images China’s youth unemployment rate in August rose to the highest level since the new system of record-keeping began in December, driven by an economic slowdown and restrictive hiring policies, according to analysts. The jobless rate for […]

An office worker studying electronic diagrams on a computer at control-panel maker in Japan. Bloomberg | Bloomberg | Getty Images Japan has ramped up its push for companies to adopt a four-day workweek, but those efforts face steep challenges in a country famous for its workaholic culture. The Japanese government recently initiated a “work style […]

Local residents with umbrellas walk out of a metro station in rain during morning rush hour on September 20, 2024 in Beijing, China. China News Service | China News Service | Getty Images BEIJING — More economists are calling for China to stimulate growth, including those based inside the country. China should issue at least […]

A Chinese national flag, left, and an Indian national flag are arranged for a photograph. Bloomberg | Bloomberg | Getty Images India’s commerce minister rejected the idea of joining the Regional Comprehensive Economic Partnership, the world’s largest trade deal, maintaining that it is not in the country’s interest to be part of a free trade […]

An aerial view of the city of San Francisco skyline and the Golden Gate Bridge in California, October 28, 2021. Carlos Barria | Reuters It’s time for some of my reflections on a week in San Francisco talking to dozens of executives and workers in tech. It was a grueling trip, but a necessary one […]

Are you prepared?That was the question that many in the travel industry asked following China’s surprise reopening announcement in the final days of 2022.Many assumed that a torrent of travelers would be lining up to venture outside of China after three years of harsh “zero-Covid” policies.    Yet, many residents stayed home — either because they… […]