Investors in the Asia-Pacific region are keeping a close eye on a couple of big events today. First up is the Bank of Japan's (BOJ) rate decision. Experts think the BOJ will keep rates steady at 0. 25%, but everyone will be scrutinizing the statement for any hints about the next rate hike. Meanwhile
In a surprising turnaround, China’s factory activity expanded for the first time in six months – jumping to 50. 1 in October. This is a promising sign after months of contraction, with September clocking in at 49. 8. Economists had expected a slight improvement, predicting 49. 9. But the actual resu
Chinese automakers are being advised to press the brakes on major investments in European countries that have backed new tariffs on Chinese electric vehicles (EVs). This decision comes as a response to the European Union's (EU) recent imposition of tariffs, which can reach up to 45. 3%, following a
For the first time ever, Chinese electric vehicle (EV) giant BYD has outshone its American rival, Tesla, in quarterly sales. According to a recent report, BYD's revenue for the three months ending Sept. 30 hit 201. 12 billion yuan ($28. 24 billion), a 24% increase from the previous year. This is a s
Last week at the BRICS meeting, India and China agreed to withdraw troops from two points in Ladakh. Some call this historic, but not everyone is so optimistic. This deal doesn't resolve their territorial disagreements in Ladakh and other areas. China claims parts of India, like Arunachal Pradesh. O
China has hit back hard at the U. S. , accusing it of double standards when it comes to spying. The rebuke came after the CIA tried to hire Chinese informants. Chinese Foreign Ministry spokesperson Lin Jian spoke about this at a recent press briefing. He was responding to a report in the Wall Street
Taiwan and the United States are teaming up to boost Taiwan's defenses. Recently, the US has agreed to sell Taiwan $2 billion worth of weapons. This includes an advanced surface-to-air missile system, called NASAMS. It's the first time Taiwan is getting this type of missile. China isn't happy about
The U. S. Treasury Department has implemented a new rule to curb American investments in China's advanced tech sectors like AI, computer chips, and quantum computing. This rule, resulting from President Joe Biden's August 2023 executive order, aims to restrict China's military advancements. The rule
The U. S. Treasury Department has put forth a new rule to prevent American investors from helping China develop advanced military technology. This rule, which will take effect on January 2, 2024, is a follow-up to an executive order issued by President Joe Biden back in August 2023. The goal is to r
In the third quarter of 2024, the iPhone 16 gave Apple a boost in China's smartphone market, helping it secure a spot among the top five vendors. Although Apple's market share dipped slightly to 15. 6%, the new iPhone still made waves. Huawei, on the other hand, is staging a strong comeback. Despite
