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China bad-debt firms plan property support of up to $24 billion

  Bloomberg Chinese financial regulators and the nation’s biggest bad-debt management companies plan to offer as much as 160 billion yuan ($24 billion) of refinancing support to high-quality developers in the first quarter, according to people familiar with the matter. Under the plan first announced on Friday with little details, the People’s Bank of China will channel 80 billion yuan ...

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Taiwan remains semiconductor leader as chip exports rise again

  Bloomberg Taiwan’s exports of integrated circuit chips rose in 2022 for a seventh consecutive year, further solidifying the economy’s leadership status in a global semiconductor industry that has been roiled by US-China tensions and diversifying supply chains. Exports of IC chips — which are pivotal components of electronic appliances, computers and smartphones — rose 18.4% from a year earlier, ...

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Marcos sees Philippine inflation easing

  Bloomberg Philippine President Ferdinand Marcos Jr. said he sees inflation that’s at a 14-year high easing as the government aims to boost agricultural output. “Inflation is high, so we’ll have to bring that down for the rest of the year, and I think it will,” Marcos said, according to a transcript of his media interview in Davos on Sunday. ...

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