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BEIJING (Global Times): China's GDP grew 18.3 per cent year-on-year in the first quarter of 2021, the fastest in three decades since the data was released, with key economic indicators all expanding at over 20 per cent, setting an encouraging start for the whole year that is buoyed by a low base, soaring overseas demand and rebounding consumption at home.
HONG KONG: China's top ride-hailing firm Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its blockbuster IPO and plans to file confidentially for the New York float this month, two people with knowledge of the matter said.
SYDNEY: Asian shares pulled back from a three-week high on Wednesday, dragged lower by Chinese stocks, though investors were still focused on upcoming company earnings for more signs of a global economic recovery.
There are many examples of economies that have managed to break through the middle-income trap which Malaysia can emulate, experts said.
KUALA LUMPUR: The growing tensions between the US and China kept interest in risky assets subdued, leading to cautious trading on Bursa Malaysia.
Bursa Malaysia is expected to trade in a cautious tone next week as investors track the US bond yields performance and the People's Bank of China (PBoC) meeting outcome.
Our survey shows that more than 60% of respondents, which reported that both prices of local and imported raw materials have increased significantly in the second half of 2020, are expecting prices to continue rising in the first half of this year.
TikTok/Douyin overtook Telegram to become the world’s most downloaded app in February, with over 56 million installs. The Chinese owned video platform was also the highest earning app worldwide in the same month, with user spending reaching over US$110mil.