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Oxford Economics

Oxford Economics
The latest news and top stories on Oxford Economics. A global leader in economic consulting, UK-based Oxford Economics provides economic forecasts analysis and advisory services. It serves businesses, governments and international organisations worldwide, offering data-driven insights and analytical tools.
A worker shovels coal at the Zhundong open-pit coal mine in Xinjiang. Photo: Xinhua
China consumption

Will minimum-wage increases in more Chinese regions help boost consumption?

Guangdong, Shanxi and Xinjiang have announced plans to introduce increases of 10 per cent or more in the next few months.

Canada

Trump delays 50% US tariffs on Canadian imports for 3 days

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Pakistan

Pakistan, Bangladesh face economic squeeze as US-Iran crisis widens

China trade

Opinion | China’s exports feed the Global South’s industrial engines

Far from stifling development, China’s export portfolio indicates a positive-sum diffusion of industrial growth.

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Illustration: Kaliz Lee
Hong Kong property

Hong Kong first-half home sales to boost developers’ earnings

Despite the brighter residential market outlook, commercial real estate continues to be weighed down by a lack of demand in non-core areas.

US, Israel war on Iran

Trump’s 20% Hormuz toll jolts markets as Asia adapts to oil shock

Alternative trade routes and an AI tech boom are helping the region cushion the blow of a threatened maritime tariff.

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Indonesia

Indonesia’s immigration chief urges rethink on wider visa-free access

Immigration Director General Hendarsam Marantoko says Indonesia ‘does not want visitors who do not contribute positively’ to the economy.

Tourists walk through the Prambanan temple complex in Sleman regency, Yogyakarta, Indonesia. Photo: Khairu Syukrillah/ZUMA Press Wire/dpa
China-EU relations

EU hits ‘make-or-break moment’ as divided leaders confront ‘China shock 2.0’

EU member states poised to confront internal divisions and launch aggressive trade defences against systemic threat posed by Beijing.

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Energy

Oil prices rally on Hormuz talks but will Asia’s energy woes ease?

Analysts say recovery ‘will take a far longer time’, with ship backlogs and damaged facilities weighing on Asia’s energy importers.

Semiconductors

Nvidia ‘likely the most concerned’ as Huawei bets on new chip architecture law

Chip advance marks big step accelerating China’s semiconductor self-reliance push and promises leaps in AI computing power.

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People visit the exhibition area of Huawei at the 10th China-Russia Expo in Harbin, northeast China’s Heilongjiang province, on May 19. Photo: Xinhua
Africa

African Development Bank meets as shrinking aid, Ebola cast long shadows

The bank is pushing to tap Africa’s own financial resources to plug what it estimates is a US$400 billion annual development financing gap.

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French President Emmanuel Macron and Kenya’s President William Ruto pose for a photo with other African heads of state during the closing ceremony of the ‘Africa Forward’ Summit 2026 at the Kenyatta International Conference Centre (KICC), in Nairobi, Kenya, on May 12, 2026. Photo: Reuters
US, Israel war on Iran

Aluminium supply crunch threatens Asia’s clean energy push amid Iran war

Key Gulf plants have been hit by Iranian missiles, causing a drop in output of the metal used in making solar panels and wind turbines.

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Vietnam

Beyond bamboo: Vietnam’s To Lam mounts a diplomacy offensive

The security chief turned paramount leader is chasing the markets and capital required to reach high-income status by 2045.

Artificial intelligence

China’s AI drive seen widening wealth gap, testing ‘common prosperity’ push

With Beijing’s ‘AI-plus’ plan looking to grow the nation’s digital economy, experts warn that hubs could further outpace rural regions, fuelling inequality.

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Chinese students interact with an AI-powered assistant during a class in Zhejiang province last month. Photo: Xinhua
United States

US adds 115,000 jobs in April, but experts warn of hidden weakness

The gains mainly came in the healthcare, transport and warehousing and retail trade sectors.

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Hiring sign for sales professionals is displayed at a US store in Vernon Hills, Illinois. Photo: AP
Vietnam

Vietnam burns red tape but growth may be harder to rekindle

Vietnam’s drive to energise its economy may take time to materialise in the face of rising fuel costs and trade barriers, analysts say.

Pakistan

Pakistan’s IMF-backed recovery under pressure as Iran-US mediation stalls

While Islamabad continues to push for peace, the war threatens to erode its foreign exchange reserves and make financing harder to secure.

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China travel

More bookings, shorter trips: Chinese adjust to pricier fuel for May holiday

Domestic flight bookings up about 8 per cent and domestic package-tour reservations up about 10 per cent, survey finds.

Chinese tourists wearing traditional Thai costumes shield themselves from the sun at Wat Pho, the Temple of the Reclining Buddha, in Bangkok on April 14. Photo: EPA
US, Israel war on Iran

Asian airlines face ‘major headwind’ from jet fuel costs, forcing flight changes

Fuel has jumped from 25 per cent of total operating costs for airlines to nearly 45 per cent in a matter of weeks, analysts say.

US, Israel war on Iran

Asia’s energy supply at breaking point as US blockades Hormuz

Nearly 90 per cent of the region’s crude oil is now at risk as stalled peace talks and a naval stand-off raise the spectre of stagflation.

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China energy security

As war on Iran escalates, Asia scrambles to deal with global energy fallout

China, Japan and South Korea have all taken steps to reduce impact of supply shortages – but analysts warn of spillover.

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This video grab shows fire erupting at an oil depot in Iran’s capital Tehran after the United States and Israel launched strikes against Iran starting on February 28. Photo: AFP
Pakistan

Pakistan imperils its IMF rescue as Afghanistan border violence rages

Without an IMF bailout, ‘Pakistan won’t survive’, one economist says. But financial collapse wouldn’t just be Islamabad’s problem.

A Taliban security guard rides an armed vehicle on the outskirts of Jalalabad, Afghanistan, on February 28. Photo: AFP
US, Israel war on Iran

How is the conflict in Iran affecting Europe’s energy supply and prices?

Analysts urge EU to accelerate green energy transition and reduce reliance on fossil fuel imports.

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Bangladesh

Bangladesh faces daunting post-election challenges in economy, garment sector

A key concern for Dhaka is the upgrade to developing nation status, with the key garment sector set to face stiffer competition.

US-China trade war

At America’s biggest retail show, the China question never really goes away

Tariffs may ebb and supply chains may detour, but US shoppers – and giants like Walmart and Amazon – still rely heavily on Chinese goods.

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Illustration: Lau Ka-Kuen
US-China trade war

Trade reset? China, Canada look to revive ties after US tariffs force rethink

Crude, copper and iron top Canada’s exports to China, as prime minister seeks to mend relationship with Beijing.

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Canadian Prime Minister Mark Carne shakes hands with President Xi Jinping at the start of a meeting in Gyeongju, South Korea, on October 31, 2025. Photo: AP
Vietnam

As Vietnam’s US trade surplus outpaces China, Trump tries to fix ‘imbalance’

Jennifer Wicks McNamara is set to replace Marc Knapper as US ambassador to Vietnam as Hanoi’s trade surplus with US surpasses Beijing for first time.

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Yuan

What China’s global yuan push looks like – and what could hold it back

Currency sees wider use in trade, but high domestic savings and partial capital controls still act as constraints, analysis shows.

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