China 

Why there’s no reason to be bearish about China’s slowing economy – just look at the big picture

China’s economic growth rate has been disappointing for those who had anticipated a strong upswing. However, many analysts and commentators have focused on China’s slowdown but ignored the enormous size of the economy and the various implications.Anyone who wants to understand the Chinese economy must first deconstruct their analysis into two distinctive components: structural and cyclical. Structurally, China’s natural rate of economic growth has been falling for years, as the size of the… Source link

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Home 

Companies looking to list in Hong Kong await sunnier days, have held back IPOs but aren’t abandoning market

Companies looking to list in Hong Kong have put their initial public offerings on hold amid a year-on-year decline of as much as 40 per cent in the valuations of new share offerings in some cases, making the market Asia’s cheapest after Pakistan.Protests in the special administrative region and the ongoing US-China trade war have rattled investor confidence. The average price to earnings (PE) ratio in Hong Kong currently stands at 10.46 times – its lowest in recent years. Last year, the ratio,… Source link

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Global 

Donald Trump’s trade war tariffs on China failing to bring jobs and manufacturing back to the US

This story is part of an ongoing series on US-China relations produced jointly by the South China Morning Post and POLITICO, with reporting from Asia and the United States.When Nikki Haley, then-governor of South Carolina, went to an opening ceremony for Kent International in 2014, the bicycle company had grand plans for expansion at its assembly plant to enable it to make its products in the United States.This was two years before US President Donald Trump promised that his steep tariffs on… Source link

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Vietnam 

Shares up on banking, energy stocks – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Oil transmission pipes at the PV Oil Corporation. The increase of world oil prices has helped local oil and gas stocks advance. — VNA/VNS Photo Huy Hùng  HÀ NỘI — Vietnamese shares advanced on Wednesday with the two main stock indices rising, largely on the strength of a handful of banking and energy blue-chips. The VN-Index on the Hồ Chí Minh Stock Exchange rose 0.99 per cent to end trading at 994.38 points. The southern market index rose 0.37 per cent to end Tuesday at 984.67 points. On the Hà Nội…

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China 

China to throw huge public relations bash to woo global investors turned off by US trade war

China plans to stage a big public relations event this autumn to send a message to multinationals that the country remains open to businesses, despite a deepening trade war with the United States.China’s Ministry and Commerce and the Shandong provincial government announced the event on Wednesday, which will be held in Qingdao in October. It is the latest addition to a long list of government-sponsored events in China to woo trade and investment flows and attempt to present a friendly face to… Source link

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Home 

Henderson posts second straight drop in interim revenue, as one of Hong Kong’s largest developers falls victim to real estate slump

Henderson Land Development reported its second consecutive double-digit percentage decline in interim revenue, as one of Hong Kong’s largest developers fell victim to the city’s slowing property market.Turnover fell 38 per cent to HK$8.12 billion in the six months ended June, while first-half underlying profit, excluding revaluation gains on investment properties, dropped to HK$6.7 billion. Revenue from real estate sales plunged 68 per cent to HK$2.7 billion during the period, said Henderson,… Source link

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China 

Facebook’s Libra set to face competition as China races to launch digital currency, official media says

China’s central bank is racing to release its own digital currency ahead of Facebook’s Libra, according to mainland Chinese media.China Daily reported on Tuesday that the time is “almost ripe” to introduce a government-backed digital currency, citing experts close to the People’s Bank of China (PBOC).Yang Dong, director of the Research Centre of Finance Technology and Cyber Security at Renmin University of China, told the state-backed newspaper that China’s digital currency is inspired by… Source link

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Investment 

Singamas plans to widen the use of its shipping containers into vessels for chemicals, solar power and even modular data centres

Singamas Container Holdings said it is pursuing a diversification, as its mainstay business of making dry-freight shipping containers suffered from shrinking commerce in the year-long trade war between the two largest economies on the planet.Revenue fell 39.7 per cent to US$584 million in the first half, causing Singamas’ net loss to balloon 17-fold to US$50.7 million, as the price of shipping containers plunged due to a glut in the worldwide market.Faced with declining sales and mounting… Source link

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Home 

Weak earnings led by Xiaomi keep gains in check in Hong Kong as investors await trade war developments

Weak earnings by Chinese smartphone giant Xiaomi as well as Hong Kong and China Gas weighed on the Hang Seng Index, with the ongoing US-China trade war being blamed for at least part of their difficulties.Even so, the Hang Seng Index managed to eke out a small gain on Wednesday, closing ahead 0.15 per cent, at 26,270.04.The Shanghai Composite also held on to a teensy gain – a mere 0.01 per cent, which left it at 2,880.33. The Shenzhen Composite Index ended down a bit, by 0.09 per cent, at…

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Singapore 

Over half of Singaporeans believe there’s life after death: Survey, Singapore News

Of all the polling data Singapore has on hand — from the salary increment expected when switching jobs to what we think of doing nothing — we now have one on death and the afterlife. It’s official: most Singaporeans believe there’s life after death. Fifty-six per cent of the 1,106 Singapore citizens polled by research firm YouGov might not agree on the same form of afterlife, but they do share the sentiment that our existence does not end with our final breath. Published on Aug 19, the results revealed that more than half of the respondents reckon…

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