If the “China shock” of the early 2000s was about China catching up, then “China shock 2.0” is about the country redefining the boundaries of what is economically possible across manufacturing sectors, according to Columbia University professor Adam Tooze. Amid complaints about the trade and industrial policies accelerating China’s rise in many sectors – including aviation, space, artificial intelligence (AI), telecoms, microprocessors, robotics, nuclear and fusion power, quantum computing,...
The manufacturing sector continues to be the principal driver of growth
China’s population is projected to fall by about 60 million over the next decade, threatening economic activity in wealthier coastal provinces and putting growing pressure on the public pension system, according to recent analyst reports. Research firm Rhodium Group estimated that the world’s second-most populous country, after India, could lose the equivalent of nearly France’s entire population over the coming 10 years. In a nation of 1.41 billion people, a decline of this scale would weigh on...
The State registers 10.83% real economic growth rate during 2025-26, according to the recently-released data of the Union Ministry of Statistics and Programme Implementation
The Ambassador to the U.S. said India has experienced consumption products, technology, services and knowledge being restricted for the country’s growth
Asia-Pacific economies are likely to suffer a slowdown in growth this year, as rising costs linked to the US-Israel war on Iran combine with lingering trade uncertainty to threaten global trade flows, according to forecasts by top international organisations. The predictions come despite China showing resilience in the first quarter by posting better-than-expected growth of 5 per cent and finance minister Lan Foan last week stressing that the world’s second-largest economy would remain an engine...
Economic growth across Asia is likely to slow even if oil prices stabilise in the coming months, as the impact of war in the Middle East ripples through industries from manufacturing to tourism, according to the Asian Development Bank. The US and Israeli war on Iran is projected to halt developing Asia’s economic upswing, with the region’s gross domestic product expansion seen moderating to 5.1 per cent this year from 5.4 per cent in 2025, the ADB said in its outlook report on...
Hong Kong’s first five-year plan is expected to guide the city’s future development. Never before has the city attempted a comprehensive plan in the style of mainland China, signalling a major shift in how it approaches long‑term growth. The real question is not why a laissez‑faire economy must adopt a new model but how this transformation will unfold. This exercise is unprecedented on multiple fronts. First, it departs from Hong Kong’s long-standing reliance on market forces and incremental...
S. Krishnan, Union IT Secretary, says with its accelerated growth, the digital economy is expected account for 20% of the Indian economy by the year 2030
The HSBC India Manufacturing Index noted that the new orders and output for manufacturing firms rose at their slowest rates since mid-2022