Vietnam 

European enterprises back early signing of EVFTA – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Minister of Industry and Trade Trần Tuấn Anh (standing) at the meeting with European business associations and organisations on June 18. — VNA/VNS Photo Kim Chung BRUSSELS — Minister of Industry and Trade Trần Tuấn Anh on Tuesday discussed measures to speed up the signing of the Europe-Việt Nam economic agreements with European business associations. At the meeting, the minister provided relevant information about the agreements between Việt Nam and the EU, which are the EU-Việt Nam Free Trade Agreement (EVFTA) and the EU-Việt Nam Investment Promotion Agreement (EVIPA). He told…

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Property 

Protest against controversial extradition bill casts shadow on Hong Kong’s largest property sales since early May

Property sales were disappointing on Sunday in Hong Kong’s biggest offering since early May, as buyers stayed away amid huge protests in the city against a proposed extradition bill, and ongoing concerns over the US-China trade war.Not only is Hong Kong sitting in the middle of a worsening US-China trade war, but also its own political turmoil as protesters took to the streets on Sunday for a third time in a week against a proposed extradition law that would allow suspects to be sent to… Source link

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Home 

Popular Chinese hotpot chain sets its sights on US, to open first outlet in New York early next year

Xiaolongkan, one of China’s largest hotpot chains, will open its first shop in the US in early 2020 and add nine more restaurants overseas in the next two years, the latest indication of the Chinese hotpot industry’s global ambition.The Sichuan-based chain is bringing its famous spicy hotpot to New York as soon as the first quarter of next year, company officials said. It has just signed a lease for a 500 square metre space in a new commercial complex named Tangram located in Flushing, also… Source link

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Home 

Stores close early, security heightened in Central as Hong Kong protesters clash with police

Dozens of retail stores closed their doors and some office workers were given the option to go home early in the Central area of Hong Kong Island as protesters blocked roads and clashed with police over a proposed extradition law on Wednesday.Security was also visibly heightened outside the offices of many financial companies after police fired tear gas to disperse protesters who surrounded Hong Kong’s legislative offices, evoking memories of the Occupy Central movement nearly five years ago… Source link

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Home 

Hong Kong’s new pensions tax break gives early boost to retirement savings

Hong Kong’s new tax incentives for pension contributions have already encouraged more people to save for their retirement, a trend that could help ease the burden of an ageing population, according to regulators and insurers.Several major pension providers including HSBC, Prudential, Manulife and AIA told the Post they had seen a strong response to their new tax-deductible deferred annuity and Mandatory Provident Fund products.HSBC had received 3,500 applications for MPF tax-deductible… Source link

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Home 

Huawei’s mobile chief expects self-developed OS to be ready for market roll-out as early as year end

Huawei Technologies, the Chinese smartphone giant facing a US ban that may prevent it from installing Google services on handsets sold in overseas markets, plans to launch its own operating system compatible with Google’s Android, according to Huawei’s mobile business chief executive Richard Yu Chengdong.Huawei’s self-developed OS will be able to support a range of products and systems within its ecosystem, including smartphones, computers, tablets, TVs, automobiles and smart wear, which will… Source link

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Money 

Hang on, investors – it’s still too early to cheer the start of China’s bull run

Does the stabilisation of growth in the first quarter signal the bottom-up – the lowest point in a growth circle – or a full recovery of the Chinese economy?This is a question investors worldwide are asking as the world’s second-largest economy is now the chief engine of global growth, despite its continuous economic slowdown in the past decade.Indeed, the 6.4 per cent year-on-year growth in gross domestic product (GDP) in the first quarter, released by the National Bureau of Statistics (NBS)… Source link

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China 

Chinese President Xi Jinping could travel to US to sign trade deal as early as June, source says

Chinese President Xi Jinping could meet his American counterpart Donald Trump in Washington as early as June if the two sides can finalise a deal to end the trade war, according to a source familiar with the arrangements.The news comes after Trump said on Thursday that Xi would visit the White House “soon”.The source told the South China Morning Post that Xi was open to the idea of travelling to the US immediately after the two sides reached a deal, so that he and Trump could sign the pact face……

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Singapore 

Blood test for early detection of gastric cancer could be available by year-end, Singapore, Health News

SINGAPORE – A blood test for detecting gastric cancer early may be available by the end of this year. If approved by the Health Sciences Authority, it will be the first such test in the world, according to the expert leading the project. “Gastric cancer is a silent killer as it is often detected late, making it harder to treat and cure,” said Associate Professor Yeoh Khay Guan of the Yong Loo Lin School of Medicine at the National University of Singapore. “This non-invasive blood test will greatly simplify the…

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China 

Chinese police investigating early April Fools’ Day social media financial rumour

Chinese police are investigating an unsubstantiated social media rumour concerning monetary policy easing at the request of the central bank, reflecting Beijing’s resolve to battle fake financial news at a time when the government is increasingly sensitive in managing market expectations.The rumour, which spread on Chinese social media including WeChat and Weibo on Friday, claimed that the People’s Bank of China (PBOC) would cut the required reserve ratio the following Monday. The PBOC denied… Source link

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