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China's mortgage-backed securities (MBS) market shrank by 65% due to early repayments in the first half of 2024. This decline, driven by falling interest rates and economic pressures, poses challenges for financial institutions and the broader real estate market.
China's industrial output increased by 5.6% year-on-year in May, driven by strong manufacturing and high-tech sector growth.
China's urban surveyed unemployment rate averaged 5.1% from January to May, down from 5.4% a year earlier, according to the National Bureau of Statistics. May’s rate held steady at 5%, indicating a stable labour market amid ongoing economic recovery efforts.
China's industrial output surged in May, with new energy vehicle (NEV) production up by 33.6% and integrated circuits (IC) rising by 17.3% year-on-year.
According to Deutsche Presse-Agentur, Berlin is pushing to either limit the responsibility of subsidiaries to certain goods or remove them entirely from the package.
Prime Minister Modi highlighted the significance of the India-Japan relationship, stating that strong ties between India and Japan are important for a peaceful, secure and prosperous Indo-Pacific.
The G7 is bolstering sanctions on China due to its support of Russia through critical imports used in the Ukraine war. This coordinated effort aims to curb Beijing's economic assistance to Moscow amid escalating global tensions.
Hong Kong's property market has lost $270 billion in value over five years, marking the longest downturn since SARS. With dwindling property values, homeowners are now considering selling at a loss, a scenario once deemed unimaginable.
The proposed amendments by Hamas represent a significant departure from the original ceasefire framework and could potentially prolong the conflict.
Chinese companies are rapidly entering the U.S. convertible bond market, seeking to raise capital amid favourable conditions.
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