Asia Economy

Most apartments in China are sold before developers finish building them. Pictured here on June 18, 2022, are people selecting apartments at a development in Huai'an, Jiangsu province, near Shanghai.Future Publishing | Future Publishing…

The number of 5G subscribers in India is expected to grow to 500 million by 2027, according to a report. Mobile phones in the vast country have become almost indispensable even among rural Indians, with a farmer here seen taking a selfie…

The Asian Development Bank has cut its growth forecast for China due to concerns over the country's zero-Covid approach and strict lockdowns, which put even more pressure on the real estate sector.Gross domestic product growth for the…

There is a wild mismatch between the salaries of the CEOs of Indian Information Technology companies and lower and mid-level employees, the latter seen here going about their business at the headquarters of India's best-known technology…

The western province of Gansu is one of the hardest hit by China's summer Covid outbreak. Pictured here is a Red Cross volunteer spraying disinfectant in Dingxi, Gansu.Vcg | Visual China Group | Getty ImagesBEIJING — China's daily Covid…

Ukraine said Russia appears to be regrouping for an offensive towards Sloviansk, a symbolically important city held by Ukraine in the eastern region of Donetsk.Scott Olson | Getty ImagesRussia is preparing for the next stage of its…

The weakening of Philippine currency the peso combined with a current account deficit will make rising inflation a feature of the economy in fiscal year 2022, according to an expert.Jun Pinzon / Eyeem | Eyeem | Getty ImagesA weakening…

The spider web rice fields in Flores, Indonesia. The United Nations' Food and Agriculture Organization Food Price Index shows international rice prices creeping up for the fifth straight month to reach a 12-month high, according to the…

India will need to make a "growth sacrifice" to contain inflation, a JPMorgan economist told CNBC on Thursday.On Wednesday, the Reserve Bank of India raised the repo rate, or the rate at which banks borrow from the central bank, by a…

People walk past the Reserve Bank of Australia building in Sydney. On May 3, 2022, Australia's central bank raised interest rates for the first time in more than a decade to curb soaring consumer prices.Saeed Khan | AFP | Getty…