China 

China economy off to strong start in 2019 as stimulus steps offset trade war impact

China’s economy is off to a robust start this year, defying fears of a sharp slowdown, with Beijing’s pro-growth efforts successfully offsetting the effects of the trade war with the United States.China’s gross domestic product (GDP) expanded 6.4 per cent in the first quarter compared a year earlier, the National Bureau of Statistics reported on Wednesday, beating analysts’ expectations of 6.3 per cent growth and remaining at the top end of Beijing’s target growth range of 6.0 to 6.5 per cent… Source link

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Impact of low interest rates on Asia-Pacific commercial property prices likely to be limited, says UBS

The pause in US Federal Reserve interest rate increases is unlikely to boost commercial property prices in Asia-Pacific, according to a new report from UBS.Citing historically low rental yields, driven in part by high pricing, the report noted that in Asia-Pacific cities outside Australia, the “marginal benefit from an extended period of low interest rates is very limited”.“Yields across most APAC markets are at their lowest in the last 10 years. Obviously, that does not mean prime yields… Source link

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To understand the impact of digital disruption on business, take German lessons

Asia is a manufacturing powerhouse that has fostered countless fast-growing businesses. In a future that will be shaped by technologies we know – such as artificial intelligence, blockchain and the Internet of Things – and others that are emerging, industrialists, manufacturers and entrepreneurs want to know how their businesses must evolve to compete.The new wave of smarter, highly connected machines used in production is a hallmark of Industry 4.0, the fourth industrial revolution. The term… Source link

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Northern UK property prices humming along as they barely feel impact of Brexit-fuelled decline in London

The Brexit-inspired decline in London’s property values has yet to cause any serious ripples in other areas of the UK.While price-growth and activity may be slowing amid the uncertainty, almost every other major urban area in the country is still experiencing a rising market, according to Acadata. It’s a national divide that is all too apparent to real estate agents in northern England who are not too worried about the UK’s departure from the European Union.“It’s a different world from London… Source link

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Lenovo chief expects quick resolution to Sino-US trade war, sees only minor impact on its global operations

The head of China’s Lenovo Group is optimistic there will be a fast resolution to the ongoing trade war between the world’s largest two economies, though Yang Yuanqing says his company is not suffering much thanks to its large global presence.“We have heard a lot of positive messages or signals about achieving an agreement [between the US and China on trade] so definitely I think there will be good news not just for Lenovo but for most multinational companies,” the chairman and chief executive… Source link

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China 

Donald Trump’s ban on Chinese telecoms equipment would have ‘limited impact’ on China’s economy

US President Donald Trump’s plan to ban Chinese telecommunications equipment from US wireless networks will not have a major impact on China’s economy, analysts have said. However, the ban would be a new blow to the expansionary plans of China’s telecoms giants, which account for the bulk of the country’s exports in this sector. Currently, the US imports a relatively small amount of telecoms equipment from China that could be used in wireless networks. Granular data is not available, but according to the latest available figures from China Customs, the…

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Textual Information and its Impact on Investors

[Sponsored Article] By Allen HUANG, Associate Professor,Department of Accounting, HKUST Business School   FinTech companies complain about disclosures, but investors can find them useful if they understand them. Accounting is fundamentally about information. In addition to the numeric information in the financial statements, there is a large amount of unstructured textual information in companies’ disclosures. For example, publicly traded companies are required to disclose both audited financial statements and textual information in their annual reports. In recent years, some FinTech companies have argued that such disclosure regulations are outdated, do…

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Huawei founder Ren Zhengfei says he does not expect big impact from 5G pushback

The walls appear to be closing in on Huawei Technologies in the US, Europe and elsewhere, but founder Ren Zhengfei said he is not too worried. Speaking to reporters for a second time this week, the 74-year-old said that Huawei has anticipated the growing suspicions over the security of its telecommunication network equipment. “We have anticipated more than a decade ago that we may face such problems as we are seeing today and been preparing for it,” he said in a briefing at the company’s Shenzhen headquarters on Thursday. “These…

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