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Asian Development Bank

This tag is associated with 7 posts

China’s economy is worse than you think


The unreliability of Chinese official economic data has become almost a cliche. A few years before he became China’s premier, Li Keqiang said that the country’s numbers were “man-made” and “for reference only.” If the top economic policy maker of a country says that the numbers aren’t reliable … well, you believe him But how unreliable? … Continue reading

China’s SWIFT alternative (CIPS) and the engineered death of the dollar


Forget all the nonsense and hoopla about the Apple Watch or the GM stock buy-back. Far and away the most important economic story of the week is one you won’t find on the front page of Bloomberg or MarketWatch. New reports indicate that China is ready to launch its SWIFT alternative, and for those who … Continue reading

As China slows down, Philippines stands to win foreign investment


The Philippines, a nation long in need of industrialisation, is taking steps this year to pull investment away from Asia’s manufacturing centre: China. And some multinationals are already giving the Southeastern Asian archipelago a chance. Manila‘s ambition to divert foreign investment intended for China has lured electronic hardware manufacturers such as Seiko Epson (SEKEY) and Lexmark International … Continue reading

Three major nations absent as China launches World Bank rival in Asia


As Japan and the US will not allow China to increase its stake in the Asian Development Bank (ADB) and World Bank, China set has set up a multinational rival bank called the Asian Infrastructure Investment Bank (AIIB). 21 countries in the region, all of them except Japan, Australia, Indonesia and South Korea, attended the … Continue reading

Surging wages threaten Chinese competitiveness


China’s surging wages and costs are showing signs of undermining the competitiveness of the nation’s economy, threatening its growth potential, the Asian Development Bank said. Average inflation-adjusted wages have more than tripled in a decade and non-wage costs for procedures such as hiring and firing have risen since the introduction of a 2008 labor law, … Continue reading

Analysts split over report saying China ‘far healthier’ than America


A report by a top mainland academic institution that suggests China is in a far healthier state than the United States and will soon overtake the world’s only superpower economically has sparked controversy, with some analysts casting doubt on it. China’s “national health” has been better than that of the US since 2007, and its … Continue reading

Cambodia’s low wages lure manufacturers away from China, other countries


Inside a gleaming white-and-blue garment factory in Cambodia stand rows of second-hand Singers — weathered sewing machines transported from a plant in China that closed last year. The Hong Kong-headquartered Top Form, which has 700 workers at the plant, is one of many businesses that have moved to Cambodia, mostly from China, in the past … Continue reading

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