A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, January 20, 2023. China may continue to reduce the share of US debt in its overall foreign exchange reserves amid its ramped-up efforts to diversify foreign asset portfolios, experts said on Wednesday. In the short term, factors like changes in monetary …
Asia’s big economies failed to fire during 2022, weighed down by the continuing COVID-19 pandemic and resulting self-imposed restrictions on economic activity, together with rising interest rates and slowing growth globally. In its latest “World Economic Outlook” report, the IMF projected GDP growth for Asia’s second-largest economy of 2.1 percent in 2022 but just 0.9 percent in 2023, below the …
