Daily Management Review
Economics
Amidst Ongoing Property Distress, China's Industry Activity Unexpectedly Declines

Amidst Ongoing Property Distress, China's Industry Activity Unexpectedly Declines

China's manufacturing production unexpectedly declined in May, reinforcing calls for further stimulus as the country's chronic property crisis continues to undermine investor, corporate, and consumer confidence. China is the world's second-largest economy.   The National Bureau of Statistics...
A Chinese Citizen Is Accused By The US DOJ Of Running The "Largest Botnet In The World," Which Stole $5.9 Billion In Covid Relief Payments

A Chinese Citizen Is Accused By The US DOJ Of Running The "Largest Botnet In The World," Which Stole $5.9 Billion In Covid Relief Payments

Officials from the Department of Justice said on Wednesday that a global malware network that stole $5.9 billion in Covid relief money and was linked to other crimes like child exploitation and bomb threats had been taken down.   YunHe Wang, a 35-year-old Chinese national, was detained by...
With Japan-Style Reform, Chinese Corporations Are Rushing To Increase Dividends And Buy Back Shares

With Japan-Style Reform, Chinese Corporations Are Rushing To Increase Dividends And Buy Back Shares

Even while investors are sceptical about wider governance improvements, Chinese listed businesses are responding to authorities' requests for reform that mirrors initiatives in South Korea and Japan by racing to increase dividends and buy back shares. This has created a pleasant rise.  ...
Japan's Interest In Structural Changes Is Renewed By The Yen's Unrelenting Decline

Japan's Interest In Structural Changes Is Renewed By The Yen's Unrelenting Decline

Persuaded that market intervention will not be sufficient to stop the yen's wider collapse, Japanese officials are focusing on deeper fundamental economic causes that are causing the currency to sink persistently.   Japan is expected to have spent almost 9 trillion yen in late April and...
IMF Raises China's GDP Growth Projections But Cautions About Impending Dangers

IMF Raises China's GDP Growth Projections But Cautions About Impending Dangers

The International Monetary Fund upgraded its prior projection of 4.6% expansion and predicted on Wednesday that China's economy will grow by 5% this year following a "strong" first quarter, even if it anticipates weaker growth in the coming years.   Beijing is stepping up efforts to support...
Miners Struggle In The Post-Halving World Of The Cryptocurrency

Miners Struggle In The Post-Halving World Of The Cryptocurrency

It's been a terrible year for bitcoin miners with mining incentives cut in half, mining difficulty increased, and the shiny new bitcoin exchange-traded funds (ETFs) syphoning off investor wealth.   Two of the largest U.S.-listed miners, Marathon Digital and Riot Platforms, have decreased by...
Hike In Futures Trading With Markets Waiting For Data On Inflation

Hike In Futures Trading With Markets Waiting For Data On Inflation

Following an extended weekend due to the holiday, U.S. stock index futures increased slightly on Tuesday as investors anticipated a significant inflation data later in the week that may challenge the Federal Reserve's monetary policy stance.   Friday marked the conclusion of a successful...
Industry Scepticism Surrounds US Tariffs On Chinese Medical Imports As Substitute Providers Surface

Industry Scepticism Surrounds US Tariffs On Chinese Medical Imports As Substitute Providers Surface

Industry leaders stated that increased tariffs by the United States on Chinese-made medical gloves, syringes, and face masks are unlikely to boost the competitiveness of American manufacturers since other low-cost suppliers will likely jump at the chance to fill the void.   As part of a...
Analysts: Global buyback volume in 2023 down 14% to $1.11 trillion

Analysts: Global buyback volume in 2023 down 14% to $1.11 trillion

The top corporations in the world repurchased $1.11 trillion worth of their own stock in 2018, as show figures by UK-based management firm Janus Henderson. That is $181 billion, or 14%, less than the 2022 estimate.  US corporations topped the repurchase volume charts with $773 billion....
Foreign direct investment in China falls by 27.9% in January-April

Foreign direct investment in China falls by 27.9% in January-April

The continental China's Ministry of Commerce reports that the country's FDI, or foreign direct investment, shrank by 27.9% year over year to 360.2 billion yuan ($49.7 billion) from January to April. This includes the lowest FDI since November, which was 58.5 billion yuan last month. The number...
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