ASIA ECONOMY

Indonesian Growth Slows In Second Quarter

The driver of an Indonesian bechak, a traditional pedicap, sleeps in front of a market in Surakarta, Central Java. The economy of the country cooled slightly in the second quarter of 2024, according to latest data
Growth in Southeast Asia's largest economy was 5.05 percent in the second quarter, slightly lower than the previous quarter's 5.11 percent, Statistics Indonesia said.
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The lockdown of Foxconn's Zhengzhou factory has highlighted some of the risks of relying on zero-Covid China's manufacturing sector

China's Days As The Factory Of The World May Be Over

In the last decade, China's role as the factory of the world has been undermined by several factors, including the rising of the country's labor costs due to the Lewis point, the rising geopolitical tensions between China and the U.S. and its allies over several issues and the flaring tech war.
The Chinese national flag is seen in Beijing, China

Will China Ever Become A Developed Country?

A technological leap is critical for emerging market economies to overcome two problems they encounter after years of reliance on foreign technology and cheap domestic labor for growth: the middle-income trap and the Lewis point.
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China's Top Problem Isn't COVID

Another problem, even more significant than coronavirus, won't go away any time soon: the burst of the housing property bubble.

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