China 

China slowdown persists as industrial economy posts worst growth since February 2002

China’s industrial production in July grew at its lowest rate since February 2002, with the retail sector also taking a further hit amid a sharpening slowdown sparked by the US-China trade war.Industrial production – a measure of the output of the industrial sectors in China’s economy, including manufacturing, mining and utilities – grew by 4.8 per cent from a year earlier in July. This was down from 6.3 per cent in June, which had spiked up from May’s 5.0 per cent growth rate.The July reading… Source link

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Property 

Correction in Hong Kong property market is over as home prices rise 1.3 per cent in February

Hong Kong home prices rose for a second consecutive month in February, providing further evidence that the property correction is over.The overall price index of pre-owned homes increased at a much faster pace of 1.3 per cent to 365.2 in February, according to data by the city’s Rating and Valuation Department.In January, home prices edged up 0.25 per cent.For the first two months of 2019, Hong Kong home prices have risen 1.6 per cent after having dropped by 9.2 per cent from August to December… Source link

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Property 

China new home prices grew at their slowest pace in 10 months in February, but property market expected to bottom out

Prices of new homes in mainland China grew at their slowest pace in 10 months in February, especially in smaller cities, according to the country’s National Bureau of Statistics.Across 70 cities monitored by the government, prices edged up by 0.53 per cent last month, their slowest pace since April 2018 and down from 0.61 per cent in January, according to a Bloomberg calculation using National Bureau of Statistics data.“Since property market sentiment cooled last August, it will take a while… Source link

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Home 

China vehicles sales falls for eighth straight month in February, damping hopes of economic upturn

China’s vehicles sales fell for the eighth straight month in February, a further decline that could dampen Beijing’s plan to bank on the industry to bolster consumption to stabilise the country’s slowing growth.Sales for all vehicle fell 13.8 per cent in February compared with the same period in 2018, the China Association of Automobile Manufacturers (CAAM) said on Monday.The world’s second-largest economy and biggest car market sold 1.48 million vehicles in February, with CAAM suggesting that… Source link

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Vietnam 

February car imports surge – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The figure of imported car surged in February after importers have met the requirements of Decree 116, especially the Vehicle Type Approval Certificate. — VNA/VNS Photo Viet Nam News HÀ NỘI — Việt Nam’s import of cars reached 14,134 units in February, worth over US$300 million, according to a report from the General Department of Customs. In comparison with the year-on-year import figures, when auto importers faced barriers from the Government’s Decree 116 on the conditions for production, assembly, import and business of automobile warranty and maintenance services…

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China 

China’s new bank lending falls sharply in February from record high

New bank lending in China fell sharply in February because of seasonal factors, and as the government took action to dampen speculative activities after lending hit a record high the previous month.Chinese banks made 885.8 billion yuan (US$131.8 billion) in net new yuan loans in February, only one-third of the record 3.23 trillion yuan in new lending in January, according to data from the People’s Bank of China (PBOC).The February result was below expectations, with analysts polled by Reuters… Source link

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China 

China’s producer price index holds steady in February as deflation stalks economy

China’s producer prices were stable at a very low level in February, with the risk of a fall back into damaging deflation in the coming months hanging over the economy.Producer price inflation (PPI) edged up 0.1 per cent in February from a year earlier but was the same rate as in January, which was a 28-month low. The February result was below expectations of a rise to 0.2 per cent, according to a Bloomberg survey. As in January, the PPI eked out a tiny gain amid broad-based weakness in prices……

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China 

US-China trade decline leads to 20.7 per cent plunge in China’s total exports in February

China’s exports crashed by 20.7 per cent in February, the largest drop in three years, led by a large fall in trade with the United States.The total export decline was much greater than expected, possibly providing the first evidence of the impact of US tariffs on Chinese goods.China imported 19.9 per cent less from the US last month, down to US$7.9 billion from US$9.2 billion in January.It also exported 14.1 per cent fewer US goods, suggesting that trade between the world’s two biggest… Source link

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Home 

China’s box office takes world-record US$1.66 billion in February as Lunar New Year hits like The Wandering Earth pack cinemas

China’s box office receipts soared to a world-record 11.1 billion yuan (US$1.66 billion) in February as film fans flocked to cinemas to catch The Wandering Earth and other blockbusters during the Lunar New Year holiday.The sales figure, provided by Maoyan Entertainment, China’s biggest movie ticketing app, is the highest ever recorded in a single month anywhere, and beats the previous record of 10.1 billion yuan set by China in the same month a year earlier.It was well over three times the… Source link

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Vietnam 

Việt Nam PMI declined to 51.2 in February – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam’s Manufacturing Purchasing Managers’ Index (PMI) in February fell for the third month in a row to 51.2, according to the latest reports from Nikkei and IHS Markit. Though the index was down from 51.9 in January and the lowest since March 2016, it remained above the critical 50-point threshold that separates expansion from contraction in manufacturing output. According to the report, while both output and new orders rose at sharper rates in February, the headline index was pulled down…

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