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China flags supply chains, population as top policy priorities

BLOOMBERG China is expected to roll out new policies to protect supply chains and boost its birth rate, after President Xi Jinping led a high-profile meeting that established these areas as top economic priorities. Economists at Goldman Sachs Group Inc and Oversea-Chinese Banking Corp (OCBC) say the government could announce new specific measures on how to address those challenges in ...

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BYD to make electric vehicles in Vietnam in Southeast Asia push

BLOOMBERG BYD Co plans to produce electric vehicles (EVs) in Vietnam and expects support from the country’s government to do so, the Southeast Asian nation said following a meeting between Deputy Premier Tran Hong Ha and the automaker’s chairman and founder, Wang Chuanfu. Wang expects Vietnam to create “favourable conditions” for BYD to complete investment procedures so it can quickly start ...

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Brutal heat continues to grip Asia in warning for the world

BLOOMBERG Asia remains in the grip of a blistering heat wave, chiming with predictions from climate scientists that 2023 could be the world’s hottest year. In an ominous sign ahead of the northern hemisphere summer, an emerging El Nino weather pattern is pushing the mercury to unprecedented levels in southern parts of the continent. Vietnam reported its highest ever temperature ...

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