China 

Can China’s emerging cities help counter the economic slowdown and US-China trade war?

For 2019, Chinese investment firm and retailer Five Star Holdings is projecting a 50 per cent increase in revenue, even though China is fighting an economic downturn and a trade war with the United States.The company’s optimism stems from the strong revenue growth it has experienced in the past few years, half of it from China’s smaller cities and the rural regions where spending growth has surpassed that of major cities.Five Star, which has annual sales of about 50 billion yuan (US$7.4 billion… Source link

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Nansha, an emerging marine hub in the Greater Bay Area

  Blue economy, backed by hi-tech and services industries, is a new economic growth engine in future for China. The maritime economy in the country grew by 7.5 per cent annually on average in the past five years to reach 7.8 trillion yuan in 2017. Beijing expects the maritime industry to be worth 10 trillion yuan by 2020 and account for around 15 per cent of gross domestic product GDP by 2035. Located at the center of the Greater Bay Area, the country’s biggest economic power, Nansha in Guangzhou, is…

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Vietnam 

VN looks to achieve emerging market status – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Viet Nam’s securities market has plenty of opportunities to be promoted from a frontier market to an emerging market this year. In June last year, Việt Nam’s equity market failed to be added to Morgan Stanley Capital International’s (MSCI) watch list – the US independent provider of research-driven insights and tools for institutional investors, for classification review for a possible lift from a frontier market to an emerging one. However, according to the latest report released by the State Securities Commission…

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China 

Fed pause could reignite ‘wall of money’ for emerging markets, trade group says

A pause in tightening by the US Federal Reserve could be a boost to emerging markets as investors look beyond China-related securities for growth, according to the Institute of International Finance. In a new research report, Robin Brooks, the trade group’s chief economist, and associate economist Jonathan Fortun said that much of the pickup into emerging markets stocks and bonds this year has been driven by China, but that has broadened in recent weeks, particularly in equities. The Fed’s recently changed stance on further rate hikes could “reignite a wall…

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Emerging businesses rose swiftly in Nansha, the pearl of the Greater Bay Area

[Sponsored Article] Emerging businesses such fields as modern logistics, cross-border e-commerce and parallel import goods are intended to become key industries of Nansha in Guangzhou, the biggest of the three pilot free trade zones (FTZs) in the Greater Bay Area (GBA), the country’s biggest economic power. Nansha FTZ, as a testing ground for looser rules governing currency conversions and foreign direct investment, would further upgrade its financial, logistics, foreign trades and tourism sectors as part of the GBA economic circle. It will also give foreign companies greater access to the…

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Why the emerging market rally may run out of steam despite a strong start to the year

What a difference a year makes. At the start of last year’s World Economic Forum in Davos, Switzerland, the International Monetary Fund hailed what it called “the broadest synchronised global growth upsurge since 2010”. Yet this year’s outlook, which the IMF presented on Monday, is decidedly downbeat, warning of “softening momentum” and “high uncertainty” in the global economy stemming from a plethora of risks, ranging from the trade war to the threat of a sharper deterioration in market sentiment. One of the dangers highlighted by the IMF is the possibility…

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Emerging market stocks may be at a turning point in 2019, BlackRock manager says

Emerging markets may be at a turning point in 2019 as interest rate tightening around the world pauses and sentiment improves, a BlackRock portfolio manager said. Gordon Fraser, a manager for BlackRock’s global emerging equities portfolios, said valuations among emerging markets stocks are quite attractive right now, particularly when compared to developed markets. BlackRock is the world’s largest asset manager, and had U$5.98 trillion in assets under management as of the end of 2018. “The liquidity environment is improving. In our view, liquidity drives asset prices, particularly in emerging markets,…

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Emerging industries have transformed Nansha, the pearl of the Greater Bay Area

Besides outstanding development in artificial intelligence sector, taking abundant land resources and gorgeous supportive measures granted by its Free Trade Zone status, Nansha now is becoming a new powerhouse in the Greater Bay Area for emerging tech and innovation industries. Last year, nearly 6,000  high-tech enterprises were newly created their headquarters or branches in Nansha, where is only half an hour by high-speed train from Hong Kong. Late last year, Nansha announced a total of 30 billion yuan to fund its six strategic industries, including next generation of information technology,…

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Vietnam 

VN’s bond market remains smallest in emerging East Asia – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam remained the smallest local currency bond market among nine economies of emerging East Asia, according to the latest edition of the Asian Development Bank’s (ADB) Asia Bond Monitor. The report, which was released on Tuesday, revealed that Việt Nam’s bond market registered growth of 5 per cent a quarter and 15.7 per cent a year to reach a size of US$53 billion as of the end of September, a reversal from the quarterly contraction of 1.4 per cent in the…

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Despite the emerging market stock rout, Europe has fund managers more concerned

Another week, another sign of the vulnerability of emerging market equities. On Tuesday, Asian technology stocks came under further strain in response to the sharp decline in the shares of Apple as investors become increasingly concerned that demand for the company’s iPhones has peaked. With the tech sector accounting for 27 per cent of the market capitalisation of the benchmark MSCI Emerging Markets Index, “tech-centric fear” in US stocks, as Bloomberg puts it, is giving investors another reason to remain bearish on developing economies. Yet, while emerging market shares have taken…

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