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Singapore, the US, Hong Kong and other developed economies lead the pack in waste. What will we do when the rest of the world catches up?

Eugene Sullivan, who heads the International Finance Corporation’s (IFC) infrastructure and natural resources investment programme in North Asia, knows a lot about waste management projects. The IFC supports US$14 billion-worth of infrastructure projects across the world. And his warning is stark: “When per capita waste-production in the developing world reaches Western levels, we are in real trouble.”Here in Hong Kong, we are already in trouble, with too much waste being dumped, and a limited… Source link

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US-China trade deal could come as world’s two biggest economies slow, T. Rowe Price says

Slowing growth in the United States and China are likely to push the world’s two biggest economies to reach a deal on trade in the coming months, but tensions are likely to linger as there are “much deeper” issues between the two countries, according to T. Rowe Price economist Nikolaj Schmidt.For the moment, Schmidt said that he does not expect the trade situation to escalate further between the US and China, particularly as the US election cycle moves closer and the US and global economy are… Source link

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A trade war truce? The US and Chinese economies need one, but they also need domestic reforms to stave off global catastrophe

The world economy is on the brink of something nasty. Stock market valuations have seemed overstretched for a long time and pessimists have been looking for a good excuse to sell for months. It has been a tough call considering the deluge of cheap money flooding the markets and the bullish riptide dominating sentiment in recent years.It is no surprise that investors are harking back to events leading up to the 2000 and 2008 market crashes. Trade tensions, growth worries and mounting financial… Source link

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Singapore 

Rich economies like Singapore should not be labelled ‘developing countries’, says Trump in call for WTO reform, Singapore, World News

WASHINGTON – Singapore and other rich countries are unfairly taking advantage of their self-declared status as developing countries to gain preferential treatment in the World Trade Organisation (WTO), said US President Donald Trump on Friday (July 26) in a call for the WTO to change its approach on the developing country label. “The WTO is BROKEN when the world’s RICHEST countries claim to be developing countries to avoid WTO rules and get special treatment. NO more!!!” he wrote on Twitter. The WTO is BROKEN when the world’s RICHEST countries claim…

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Global 

As trade war continues, are the US and Chinese economies heading for a messy divorce?

This is the first of four stories examining important issues ahead of the meeting between Chinese President Xi Jinping and US President Donald Trump at the G20 leaders summit on June 28-29 in Osaka, Japan.Like many Americans who manufacture in China, Daniel Krassenstein will be watching Xi Jinping’s meeting with US counterpart Donald Trump on the sidelines of the G20 meeting in Osaka next week very closely.Procon Pacific, Krasserstein’s company, makes 40 per cent of its industrial packaging… Source link

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Business Groups Are Driving Economic Growth in Emerging Economies

[Sponsored Article] Our world is connected. This is true in all walks of life and the business world is no exception. According to a report by Forbes, 69 percent of the 2,533 firms in 26 emerging markets are family-owned. Hutchison Whampoa Limited, owned by famous Hong Kong tycoon Li Ka-shing, is just one example of a powerful business group. “A business group is a collection of legally independent firms that are bound by formal economic ties such as ownership, financial and commercial… Source link

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Vietnam 

Large FDI inflows to make Việt Nam among APAC’s fastest growing economies – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Stephen Schwartz Positive changes to Việt Nam’s macroeconomy have been recognised by international rating organisations, with the latest sovereign upgrade announced by Fitch Ratings last month. On the sidelines of the “Fitch on Việt Nam” event held in Hà Nội on Tuesday, Stephen Schwartz, head of Fitch Ratings’ Asia-Pacific Sovereigns, talks with Việt Nam News reporter Thu Hà about the impacts of the revision on Việt Nam’s economy and key drivers to help the country sustain its growth momentum. Why did Fitch Ratings decide to…

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Stock indexes retreat in mainland China, Hong Kong as trade war between world’s two largest economies spread to technology

Stock indexes in Hong Kong and mainland China fell for the second day, as caution dominated the equity markets amid intensifying worries over the US-China rivalry on technology, with tech stocks leading the decline.The Shanghai Composite Index fell 0.3 per cent to 2,905.81, having hovered around the 2,900 level for more than three weeks since the US-China trade war flared up after a fruitless attempt at a resolution, and tit-for-tat tariffs kicked in.Shenzhen’s Composite Index retreated 0.6 per… Source link

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Opinion | South Korea’s economic slump a bad sign for Asian economies dependent on exports to China

Hyundai Motor vehicles bound for export await shipment at a port near Hyundai’s plant in Ulsan, South Korea, on January 22. Short on natural resources of its own, South Korea’s economy is heavily dependent on exports, making its economy particularly susceptible to changes in its trading partners. Photo: Bloomberg Source link

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Global 

US-China trade war is the ‘biggest threat’ to Asian economies as growth forecasts slashed

The US-China trade war is the biggest risk to the Asian economy, with the prolonged conflict threatening to “undermine investment and growth in developing Asia”, the Asian Development Bank has said.The bank’s chief economist Yasuyuki Sawada downgraded his growth forecasts for the region to 5.7 per cent this year and 5.6 per cent next year, down from 6.2 per cent in 2017 and 5.9 in 2018.The Asian Development Bank (ADB) report, launched in Hong Kong on Wednesday, cited “uncertainties stemming… Source link

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