The world’s second largest economy tumbled double digit in January with exports dropping 11.2% year-on-year to $177.5 billion and imports plummeting 18.8% to $114.2 billion. The figures are worse than the speculated 1.9% drop in exports and 0.8% drop in imports by the analysts. On the other hand, yuan-denominated data shows exports fell 6.6% in
Amazon is expanding its logistics services into mainland China and other major shipping hubs to reduce costs, as it seeks to expand into the cross-border e-commerce market. This would see it take on domestic market leader Alibaba Group in the global cross-border e-commerce market, which is projected to reach $1 trillion by 2020, according to
Japan’s economy contracted in the final three months of 2015, adding to a string of setbacks for the government’s economic reform policy. Between October and December, it shrank by 0.4% compared with the previous quarter. Weaker domestic demand together with slower investment in housing contributed to the disappointing numbers. On an annualised basis the economy
The US Federal rein in banks and protect taxpayers. Neel Kashkari, head of Minneapolis Fed, is of the view that while the 2010 Dodd-Frank financial reform law has made significant progress in strengthening the financial system, it did not go far enough. He has announced the launch of an initiative in his new role as
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