China 

Global recession less likely thanks to loosening monetary policy, Credit Suisse CIO says

Fears that an escalating trade war between the United States and China may push the global economy into a recession in 2020 are rising, but that outcome is far from a certainty, according to Credit Suisse.Loosening monetary policy by central banks and the likelihood that the US Federal Reserve will cut rates this summer have “pushed back” the possibility of a severe economic downturn, said John Woods, Credit Suisse’s chief investment officer for Asia-Pacific.The bank does not expect a recession… Source link

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Fear not, Hong Kong: trade talks, monetary loosening and the Greater Bay Area point to better times for the economy

Hong Kong may only have managed an expansion of 0.5 per cent in the first quarter, the smallest increase since 2009, but markets shouldn’t necessarily overreact. There remains every possibility Beijing and Washington could resolve their trade differences while potential developments in US monetary policy may work to Hong Kong’s advantage. Last Friday, meeting Slovakian Prime Minister Peter Pellegrini at the White House, US President Donald Trump nevertheless felt the need to reference US trade… Source link

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China stocks lose ground for a third day on concern government to pare policy loosening

China’s stocks dropped for a third consecutive trading day, with a 2.1 per cent gain on the benchmark evaporating, as concerns that the government will scale back policy easing countered credit growth that exceeded analysts’ estimates.The Shanghai Composite Index fell 0.3 per cent, or 10.84 points, to 3,177.79 at the close on Monday. The ChiNext gauge of small companies declined 1.7 per cent. Hong Kong’s Hang Seng Index slipped 0.3 per cent to the lowest level in almost two weeks.Equities… Source link

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Haikou city imposes fresh housing restrictions, dampens hopes of policy loosening in China’s property market

Haikou city in China’s southern Hainan province introduced a fresh round of restrictions on the sale of homes on Wednesday, weeks after three cities on the mainland eased their housing policies amid headwinds. According to Shanghai Securities News, companies cannot buy homes and only residents who moved to the city before April 22, 2018 can buy more than one home. Official documents also reiterate strict compliance to prices agreed by the government. The Haikou government did not respond to requests for comment. Easing restrictions at the national level, not city…

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