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Across Asia

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Articles

  • Menor demanda global provoca caída en exportaciones e importaciones de China

    1 month ago | apnews.com | Across Asia |Zen Soo

    HONG KONG (AP) — Las exportaciones de China aumentaron 2,3% en enero y febrero en comparación con el año anterior, un crecimiento menor al esperado, mientras que las importaciones cayeron más de 8%, en un lento comienzo de un año marcado por la incertidumbre sobre los aranceles de Estados Unidos y otras políticas. Los economistas habían pronosticado que las exportaciones aumentarían 5% interanual y que las importaciones tendrían un leve incremento.

  • China's exports and imports weaken in Jan-Feb as demand slides amid global trade uncertainty

    1 month ago | apnews.com | Zen Soo |Across Asia

    HONG KONG (AP) — China’s exports rose a less-than-expected 2.3% in January and February from a year earlier while imports fell more than 8% in a slow start to a year dogged by uncertainty over U.S. tariffs and other policies. Economists had forecast that exports would rise 5% year-on-year and that imports would edge higher. China’s overall trade surplus grew to $170.52 billion in the first two months of the year.

  • Hong Kong recortará miles de empleos públicos e invertirá en IA para enfrentar un déficit creciente

    1 month ago | apnews.com | Across Asia |Zen Soo

    HONG KONG (AP) — Hong Kong recortará miles de puestos de trabajo en la administración pública y aumentará el gasto en inteligencia artificial en un intento por atajar el creciente déficit, informaron las autoridades el miércoles. El secretario de Finanzas, Paul Chan, dijo durante un discurso presupuestario que habría una “reducción acumulativa” del 7% en el gasto recurrente del gobierno desde ahora hasta el ejercicio 2027-2028.

  • Hong Kong is to cut thousands of civil service jobs and invest in AI to tackle a rising deficit

    1 month ago | apnews.com | Zen Soo |Across Asia

    HONG KONG (AP) — Hong Kong will cut thousands of civil service jobs and boost spending in artificial intelligence as it seeks to tackle an increasing deficit, authorities said Wednesday. Finance Secretary Paul Chan said during a budget speech that there would be a “cumulative reduction” of government recurrent expenditure by 7% from now until 2027-2028.

  • China's Alibaba sees revenue surge on back of artificial intelligence, e-commerce

    2 months ago | apnews.com | Zen Soo |Across Asia

    HONG KONG (AP) — Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in more than a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China. Alibaba said Thursday that its revenue for the quarter ended December grew 8% to 280.2 billion yuan ($38.38 billion) compared to the same period last year. Net income surged to 48.9 billion yuan ($6.71 billion). Alibaba’s New York-traded stock was up over 12% following the earnings results.

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