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China to increase high-quality imports as economy recovers, vice premier says

China will step up imports of high-quality foreign goods and services as the economy makes a steady recovery, vice premier Han Zheng said on Sunday. The world’s No.2 economy, will strengthen macro policy coordination with other countries, Han told the China Development Forum… To read more: https://www.reuters.com/article/us-china-forum-economy-idUSKBN2BD0F8 SOURCE: REUTERS (1)

Malaysia’s current accounts surplus hits nine-year high to RM62.1 bln

Malaysia posted a current account surplus of RM62.1 billion in 2020, the highest in nine years, steered by a favourable performance of the goods account, and narrower deficit in primary income and secondary income, said the Department of Statistics Malaysia (DoSM). Its chief statistician Datuk Seri Dr Mohd Uzir Mahidin said amid the COVID-19 crisis in 2020, […]

India to emerge as most resilient economy after Germany in 2021: PHDCCI

ndia will emerge as the most resilient economy after Germany in 2021 exhibiting a strong “economic resurgence” to the global economic turmoil caused by the COVID-19 pandemic, according to a report. Germany ranks first in the PHDCCI International Economic Resilience (IER) Rank followed by India and South Korea at second and third positions, respectively, according […]

India is on the path to reclaim its title as the world’s fastest-growing major economy

Two years after losing the coveted title, India may soon reclaim its spot as the world’s fastest-growing major economy. The Indian economy will grow at 9.7% in 2021, which will be faster than all of the world’s major economies, according to London-based data and analytics firm GlobalData… To read more: https://qz.com/india/1959086/india-to-beat-china-become-fastest-growing-major-economy-in-2021/ SOURCE: QUARTZ INDIA (10)

China trade: exports surge to record levels, as coronavirus lockdowns return to the West

China’s exports surged at the fastest pace in almost three years in November, bringing the biggest monthly export haul in the country’s history, data released by its customs agency on Monday showed. Exports grew by 21.1 per cent last month from a year earlier, from 11.4 per cent in October and.. To read more: https://www.scmp.com/economy/china-economy/article/3112820/china-trade-exports-sent-rocketing-coronavirus-lockdowns SOURCE: SOUTH […]

China puts supply chain security at forefront to avoid being ‘strangled’ by sanctions, analysts say

On multiple occasions, President Xi Jinping has used the phrase qia bozi, which translates to being strangled by an adversary, in describing China’s risks in the realm of technological competition. That is because China’s inability to produce vital hi-tech components – from computer chips in mobile phones to aeroplane engines… To read more: https://www.scmp.com/economy/china-economy/article/3109082/china-sacrificing-economic-growth-self-sufficiency-strategy SOURCE: SOUTH CHINA […]

State of economy: Why it’s best to reserve conclusion

Most institutional and private forecasts expect the Indian economy to contract at a double-digit rate in the current fiscal year. This, despite the fact that the economy has been showing a sequential (month on month) improvement compared to the situation when it was locked down. However, some high frequency economic indicators suggest that not only […]

China’s economic recovery continues as manufacturing activity rises to highest level since January 2011

The Chinese manufacturing sector continued to show strong activity in October, indicating the nation’s robust rebound from the coronavirus pandemic continued in the first month of the fourth quarter. The Caixin/Markit manufacturing purchasing managers’ index (PMI), rose to 53.6 in October from 53.0 in September, above the Bloomberg survey expectation for… To read more: https://www.scmp.com/economy/china-economy/article/3108008/chinas-economic-recovery-continues-manufacturing-activity (10)

India’s strategy of dealing with COVID-19 paid off, economy set to bounce back: Ficci

Ficci President Sangita Reddy on Sunday said India’s strategy of dealing with the COVID-19 crisis has paid off and the country’s economy is set to bounce back and emerge stronger. She said it was time to take bold actions and push the growth agenda vigorously. Read more at:https://economictimes.indiatimes.com/news/economy/policy/indias-strategy-of-dealing-with-covid-19-paid-off-economy-set-to-bounce-back-ficci/articleshow/78982332.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst (2)

How India’s economy is recovering rapidly from the pandemic

The popular story of the shepherd boy who repeatedly cried “wolf” even though there was none has been heard over many generations now. The story seems to be repeating itself in today’s India but in a different form, with the Opposition constantly painting doomsday scenarios about the economy. However, the emerging economic data, in the […]

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