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Asia's Decent Place in World's Economy After Pandemic

Andrew Tilton, the chief Asia economist at the investment bank, said Asia is in the best status in terms of restoring economies compared to other continents in the worlds. This placement comes as a result of managing the situation after the coronavirus; exceptions include India as well as some regions in southeast Asia. He said China is slow-moving as stimulus plans didn’t focus on income replacement. He added the country has, however, shown a good performance to fight the virus. Tilton emphasized there’s an acceptable global momentum after the lockdown imposed due to the pandemic. He continued latest purchasing indicators saw an improvement from a month ago and the industry sector's growth is still reasonable. Samira H.
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By Samira Hassanzadeh on October 19, 2021

Asia Well Behind Europe in EV

Fitch Solutions recently announced although China is amongst top contributors to electric vehicle (EV) industry, Asia drops behind Europe. Head of Autos Research at Fitch Solutions, Anna-Marie Baisden, said this is because the governments in Europe are taking bigger steps to expand in EV market. When it comes to EV business in Asia, China comes to mind as it supplies roughly 90% of sales, she continued. In Europe, good measures are taken after the pandemic including evolution of infrastructure and national stimulus, she said. On Japan and India, she said, the countries’ slow pace in EV business results from several factors. Lack of incentive plans in Japan in spite of its essential demand is one reason, Baisden added. However, she said, plans are underway to go ahead with financial support to buy locally, especially that Tokyo’s target is to sell all new hybrid or electric cars by the year 2030. She also said despite India’s good capabilities in EV, its demographics might cause problems. Samira H.
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By Samira Hassanzadeh on October 19, 2021

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