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In a Trumpian world, Japan may have little choice but to accept a stronger yen

Policymakers in Japan won’t welcome the prospect, but currency markets may be on the cusp of delivering a materially stronger Japanese yen. While such a move would only further complicate Japan’s efforts to kindle inflation, there’s precious little that Tokyo could do to obstruct the rise of the yen.  Admittedly, Masatsugu Asakawa, who until last Friday was vice finance minister for international affairs at Japan’s Ministry of Finance, said last month that “if exchange rates are moving rapidly… Source link

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Chinese builders face a tough choice: sacrifice profit now to generate cash or wait for better times

Chinese developers are increasingly being forced to sell their new units at losses, or close to cost, in order to get buyers into their showrooms and generate cash, amid a clampdown on financing that forms part of the government’s campaign to pare back debt.The huge discounts involved have been drawing hoards of potential buyers, who have in turn shunned more expensive lived-in homes and new units that are charging market rates.Yanlord Riverbay, a project in downtown Chengdu by Singaporean… Source link

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Why high streets like Chicago’s North Michigan Avenue will remain as the destination of choice for shoppers and retailers

North Michigan Avenue seems a little less magnificent lately.Retail rents fell in 2018 after soaring in recent years, and Chicago’s undisputed top shopping destination has faced a long slog in filling high-rent flagship spaces.The Magnificent Mile’s transition is indicative of a broader trend, as “high streets” – the world’s most prestigious places to buy and sell goods – grapple with massive changes in consumer habits.The explosive growth of e-commerce and waves of retailer bankruptcies,… Source link

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The Protestant Work Ethic Effect on Consumer Choice

[Sponsored Article] Do Costly Options Lead to Better Outcomes: How the Protestant Work Ethic Influences the Cost-Benefit Heuristic in Goal Pursuit CHENG, Yimin | MUKHOPADHYAY, Anirban | SCHRIFT, Rom Y.  Journal of Marketing Research, 2016    The Protestant Work Ethic (PWE) is a belief system which includes the idea that hard work will breed success. According to the sociologist Max Weber, who introduced the idea, this belief system explains the development of Europe during the Industrial… Source link

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Stephen Moore was Donald Trump’s latest choice to join Federal reserve board. Now he’s withdrawn

FILE – In this June 20, 2014 file photo, Herman Cain, CEO, The New Voice, speaks during Faith and Freedom Coalition’s Road to Majority event in Washington. President Donald Trump said Wednesday, April 10, 2019, that Cain is a “wonderful man,” but it will be up to him to decide whether to go forward with a nomination to the Federal Reserve’s seven-member board. (AP Photo/Molly Riley, File) Source link

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Vietnam 

Việt Nam to become “sustainable supplier of choice” for textiles and apparel – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vũ Đức Giang, chairman of the Việt Nam Textile and Apparel Association (VITAS), speaks at the Global Textile and Apparel Supply Chain Conference held yesterday in HCM City. — VNS Photo Bồ Xuân Hiệp HCM CITY — Việt Nam could become a “sustainable supplier of choice” in the textile and apparel industry if the country continues its efforts to ensure environmental protection in manufacturing, an official said at a global industry meeting held yesterday in the city. Speaking at the 2019 Global Textile and Apparel Supply Chain Conference, Vũ Đức Giang,…

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MTR to sell choice lot at Hong Kong’s gargantuan Lohas Park by end of month

Rail operator MTR will soon put up for sale a prized lot in what eventually will be Hong Kong’s largest residential estate, likely setting off a bidding war as land for private development hits a 10-year low.The lot – to go up for sale by the end of the month – is at phase 11 of the gargantuan Lohas Park. When completed in 2025, Lohas Park will become Hong Kong’s largest residential community, with 58,000 residents in 21,500 units.The Tseung Kwan O development in the New Territories is being… Source…

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China 

‘No second choice’: Liu He, China’s man on the front lines of the trade war talks with the United States

Nine months ago, Liu He, the top economic aide to President Xi Jinping, told state media that China and United States had agreed during talks in Washington not to fight a trade war.His words were short lived as only a few days later US President Donald Trump unexpectedly decided to impose trade sanctions on China and start a prolonged economic battle between the world’s two largest economies.Last week, Liu, carrying the title of special envoy in addition to those of chief trade negotiator and… Source link

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US entrepreneurs make a choice: rewards of doing business in China often outweigh risks of losing trade secrets

Growing up in the suburbs of Philadelphia, Chris Alonzo never imagined he would end up training Chinese farmers halfway around the globe how to grow mushrooms. But two years ago, when he met his Chinese partner, he saw an unexpected opportunity that could help his business grow. China wants to improve its mushroom production and safety. It has the capital, and Alonzo, who operates the largest indoor mushroom-growing facility in the US, has the know-how. In exchange for a minority stake in the joint venture, the 48-year-old farmer agreed to…

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How China’s yuan can gain ground against the US dollar and the euro as a global reserve currency of choice

Everyone wants to knock the US dollar off its throne as the world’s leading currency. Europe has tried and failed, with the euro’s hope for global forex glory badly dented by the European debt crisis. Beijing would love to see the yuan leapfrog into pole position but it is losing the hearts and minds campaign to win over markets and build confidence in the yuan as a credible dollar alternative. Beijing has its work cut out if it is going to steal the dollar’s crown before the 21st century is…

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