China economy
Business
Canada’s Unemployment Rate Rises to 6.7% as Jobs Stall; Youth Rate Jumps to 13.7%
Canada’s unemployment rate rose to 6.7% in October as employment stalled after two months of losses; youth unemployment jumped to 13.7%.
Business
Semicon 2.0 Opens for Fab, Equipment and Chip-Testing Projects as India Approves 12 More Component Plants
India opened Semicon 2.0 applications for fabs, equipment and chip assembly, and approved 12 more component projects worth ₹7,503 crore, including the first for copper foil.
Business
China’s Industrial Profit Growth Slows to 4.2% in August as AI-Driven Electronics Boom Masks Weak Demand
Profits at China's major industrial firms rose 15.7% in January-August to 5.27 trillion yuan, but August growth slowed to 4.2%. Electronics profits more than doubled on AI demand and drove 62% of the gain, while utilities and consumer sectors lagged.
Business
China’s August Trade Surges as Exports Rise 25% and Imports Jump 28.2%
China’s August goods trade accelerated, with dollar-denominated exports up 25%, imports up 28.2% and the monthly surplus widening to $119.09 billion.
Asia
Asia Manufacturing AI Boom: China, Japan and South Korea Factories Expand in August
AI hardware demand lifted factory activity across China, Japan, South Korea and Taiwan in August. Here are the PMI, export and risk signals.
Business
China Factory Slump Eases in August, but Weak Services Show Recovery Remains Uneven
China’s official manufacturing PMI improved to 49.8 in August as production and new orders expanded, but weak services, construction and small firms showed that the recovery remains uneven.
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Business
Canada’s Unemployment Rate Rises to 6.7% as Jobs Stall; Youth Rate Jumps to 13.7%
Canada’s unemployment rate rose to 6.7% in October as employment stalled after two months of losses; youth unemployment jumped to 13.7%.
Business
Semicon 2.0 Opens for Fab, Equipment and Chip-Testing Projects as India Approves 12 More Component Plants
India opened Semicon 2.0 applications for fabs, equipment and chip assembly, and approved 12 more component projects worth ₹7,503 crore, including the first for copper foil.
Business
Bank of England Raises Rates to 4% as Middle East Energy Shock Pushes Inflation Towards 5%
The Bank of England raised Bank Rate to 4% by an 8–1 vote, citing energy-driven inflation pressure; it now expects UK inflation to reach around 5% by mid-2027.
Business
US Adds 165,000 Jobs in October; Unemployment Holds at 4.1% and Earlier Months Revised Up
US payrolls rose 165,000 in October, far above the past year’s average, while unemployment held at 4.1% and August–September gains were revised up by 84,000.