China 

Why is global investors’ fossil fuel divestment not having the desired effect on China’s carbon emissions?

Western institutional investors who have joined the coal divestment movement are finding it difficult to pressure Chinese companies to reduce their carbon footprint despite Beijing’s commitment to the Paris Agreement.Analysts say there are two main reasons for this: China is yet to implement plans to cap carbon emissions and, more importantly, Chinese miners and power producers do not rely on foreign funding.The Paris accord sets out a global action plan to reduce greenhouse emissions and put… Source link

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China 

China expected to resume role as driver for global economy, BlackRock says

China’s economy, a drag on global growth last year because of a domestic slowdown, is expected to grow more quickly in the second quarter to become the key economic driver for the world, research by BlackRock shows.More expansive fiscal and monetary policies by Beijing have started to show results that may help to reverse a slowdown that has hit Europe and emerging markets particularly hard, researchers at BlackRock Investment Institute, the research unit for BlackRock Inc, said in Thursday’s… Source link

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Vietnam 

VN property market unlikely to see big dip, says Savills global chief – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam is one of Asia’s most vibrant property markets and a long-term strategic area for Savills. Mark Ridley, newly appointed Group CEO for Savills, spoke to Việt Nam News reporter Thu Hằng about how to attract foreign investment into the Vietnamese real estate market during a visit to HCM City last week. How do you see Việt Nam’s property market? What factors will help it attract FDI in the next few years? Việt Nam has come a long way since our office opened in 1995. It is now…

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Vietnam 

“One Commune, One Product” programme seeks global linkages – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Deputy Prime Minister Vương Đình Huệ speaks at the Global OCOP Network Connection Forum held yesterday in HCM City. VNS Photo Bồ Xuân Hiệp  HCM CITY — Deputy Prime Minister Vương Đình Huệ has asked agencies to enhance linkages between cities and provinces nationwide and other countries to form a global network for the One Commune, One Product (OCOP) programme. Huệ said the OCOP programme would help restructure the rural economy, reduce migration of rural labourers to cities, and protect the environment, as well as maintain social stability in rural areas.…

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Home 

China’s small business lending push could equal US$418 billion in new loans, S&P Global says

Beijing’s efforts to boost the availability of capital to the country’s smallest businesses could generate as much as 2.8 trillion yuan (US$418 billion) in new loans if the nation’s banks meet the government’s target to increase business lending this year, according to S&P Global.In March, Chinese Premier Li Keqiang called for the country’s biggest state-owned commercial banks to increase their loans to micro and small enterprises (MSE) by more than 30 per cent this year as China’s economic… Source link

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China 

How China’s swine fever outbreak is upending global soybean markets

Forget Donald Trump’s trade war. It’s a deadly pig disease spreading through China that will really reshape the global soybean market for years to come. Getting rid of the disease and rebuilding the herd in a nation that consumes half the world’s pork will take three to five years, curbing demand for soybeans used in feed, according to analysts. Given China is the largest soybean importer and most of its shipments usually come from the US, the oilseed has been the poster-child for the tit-for… Source link

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Cause for jubilation is very much exaggerated as global markets are sleepwalking in unison toward a cliff’s edge. Here’s why

Just when everyone thought it was safe to come out, along came the International Monetary Fund (IMF) with its dire warning of threatening financial storms ahead, urging everybody to take cover. The markets may be sleepwalking in a convoy toward a potential crisis, the IMF suggested.This may sound too pessimistic, at a time when the global economic outlook appears to be brightening on hopes of a US-China trade deal, a generalised shift toward dovish central bank policies and some pickup in China… Source link

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HSBC warns global growth is slowing, US-China trade war weighing on sentiment

HSBC’s top leaders warned on Friday that global growth is slowing and continuing trade tensions, including a trade war between the US and China, are weighing on economic sentiment.Chief executive John Flint said that “increased uncertainty and risk” in the global economy are related to rising protectionism, questions about the United Kingdom’s exit from the European Union known as Brexit and the future path of interest rates.“This is yet to translate into higher credit losses, but that could… Source link

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Vietnam 

Vietrade, Amazon Global Selling support local businesses – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Vietrade and Amazon Global Selling cooperate to support for local businesses in boosting export via e-commerce.  Photo congthuong.vn HÀ NỘI — The Ministry of Industry and Trade’s Việt Nam Trade Promotion Agency (Vietrade) and Amazon Global Selling announced a plan on Thursday to help Vietnamese businesses boost exports and develop brands through e-commerce. Speaking at the ceremony, Vietrade director Vũ Bá Phú said the two sides had decided to set up a long-term partnership with an array of activities.  They will work on programmes on global exports and brand name development via e-commerce as…

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Vietnam 

Joining in global value chains helps improve firms’ brand names – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Rubber latex processing line at the factory of Chư Păh Rubber Co Ltd in central highlands province of Gia Lai. — VNA/VNS Photo Vũ Sinh HÀ NỘI — Global value chains were an indispensable way for local firms to build and develop brands, said Lê Hoàng Tài, deputy director of the Việt Nam Trade Promotion Agency (VIETTRADE). Tài told the conference that international trade had seen the establishment of global value chains with active participation of not only developed countries but also developing ones and emerging economies. “With developing countries like Việt…

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