From China to Japan, a deadly cold is gripping East Asia. Experts say it’s the ‘new norm’

Hong Kong CNN – A deadly cold snap sweeping across East Asia has killed at least four people in Japan after sub-zero temperatures and heavy snow wreak havoc on travel over the Lunar New Year holiday, with climate experts warning such extreme weather events are becoming ” The new rule. Japanese officials said all those … Read more

Asia Pacific Markets, Trade Data, Bank of Japan

Singapore Factory Production Contracts rose 3.1%, extending the decline since October Singapore’s annual manufacturing production December fell 3.1%better than Reuters expectations, down 6.9%. The reading marked the third consecutive decline since October, and follows November’s figure of a decline of 3.2%. On a monthly basis, Singapore’s Industrial Production data increased by 3.2%, compared to a … Read more

Australia PMI, Japan Jibun Flash PMI, Lunar New Year holiday

CNBC Pro: These 6 Global Low-Debt Stocks Are Set to Outperform, Bernstein Says Higher interest rates have significant implications for companies with significant debt, as they are likely to face higher costs from increased borrowing. With interest rates still rising, analysts at Bernstein believe stocks with low exposure and high debt quality should outperform. The … Read more

Entrepreneurs Flee China’s Heavy Grip: ‘You Don’t Have To Stay There’

SINGAPORE – They left after the government cracked down on the private sector. They escaped the harsh “zero COVID” policy. They looked for a safe haven for their fortunes and families. They went to Singapore. Dubai United Arab Emirates; malta; London. tokyo; and New York—nowhere but their native China, where they felt their origins and … Read more

Lunar New Year tourism hopes are fading as Chinese stay home

BANGKOK (AP) — A hoped-for boom in Chinese tourism to Asia over the Lunar New Year holiday next week looks set to be more than momentary as most travelers choose to stay within China if they go anywhere. From the beaches of Bali to the powdery ski slopes of Hokkaido, tour operators say, the hordes … Read more

Hong Kong Internet Shout out Gong Hee Fat Choi, week in review

China last night Crane a week in review China released 2022 economic data this week. GDP grew +3.0% while retail sales fell -0.2%, less than expected. Chewy founder Ryan Cohen announces a stake in Alibaba and is calling for more share buybacks based on the company’s low valuation. Global economic leaders gather at the World … Read more

Japanese inflation data, Chinese loan interest rates

Bitcoin falls as Genesis files for Chapter 11 bankruptcy in New York Bitcoin fell nearly 0.5% after cryptocurrency firm Genesis Filed for Chapter 11 bankruptcy in New York. The company has listed 50-99 creditors in a “massive” bankruptcy filing, with total liabilities ranging from $1.2 to $11 billion, according to bankruptcy documents. Genesis is in … Read more

The Netherlands says it will send Patriot aid to Ukraine

WASHINGTON (AP) – Dutch Prime Minister Mark Rutte He said on Tuesday that his country plans to “join” efforts by the United States and Germany to train and arm Ukraine with advanced Patriot defense systems. Rutte signaled Holland’s intentions at the start of a meeting at the White House with President Joe Biden. The Dutch … Read more

Asia Pacific markets are mostly lower as investors digest Chinese economic data

Goldman Sachs: China’s “exit wave” on reopening is negatively affecting the economy Economists at Goldman Sachs said in a report that the “exit wave” that China witnessed during the process of reopening its doors led to a significant decline in the economy. “The current wave of exits on the back of China’s faster-than-expected reopening has … Read more

The application of artificial intelligence in China is ahead of the United States

BEIJING, China – OCTOBER 13: A self-driving robotic taxi drives along a road on October 13, 2020 in … [+] Beijing, China. Baidu launched trial operations of its Apollo Robotaxi in Beijing on Saturday, and passengers can hail a self-driving robotaxe through a mobile app. (Photo by Jia Tianyong/China News Service via Getty Images) China … Read more