Vietnam 

Malaysian firms explore investment in VN’s car manufacturing industry – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A view of a VInFast plant, expected to go operational in June. — Photo vneconomy.vn HÀ NỘI — Fifteen Malaysian firms are visiting Việt Nam to explore investment opportunities in the country’s car manufacturing industry. Malaysian Ambassador to Việt Nam Dato Mohd Zamruni Khalid said at a workshop held on Thursday to discuss business opportunities between Việt Nam and Malaysia in the automobile component industry that Việt Nam was an attractive market for car manufacturing given its young population and favourable investment policies. He said Malaysian firms expected to co-operate with partners in…

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Global 

US-China trade war mean it’s ‘too soon to predict a turnaround in fortunes’ for regional manufacturing

Analysts warned that it was still too early to predict a turn in fortunes for the region’s manufacturing sectors because uncertainties continue to linger on the US-China trade talks, despite the first signs of stabilisation after a sluggish start to the year, as activity bounced back in several Asian economies in March.China’s Purchasing Managers’ Index (PMI) from both the official government data and the Caixin/Markit private survey beat economists’ forecasts. The official manufacturing PMI… Source link

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Vietnam 

VN manufacturing sector continues to remain strong – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The manufacturing sector continued to expand at the end of the first quarter, with signs of growth picking up during March, a survey released on Monday by Nikkei and IHS Markit said. The Manufacturing Purchasing Managers’ Index (PMI) rose to 51.9 in March from 51.2 in February, signalling an improvement in the health of the sector for the 40th successive month. Although registering below the 2018 average, the index was comfortably above the 50.0 no-change mark at the end of Q1.…

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China 

China manufacturing bounced back in March, in unexpected good news for economy

China’s manufacturing sector unexpectedly returned to growth for the first time in four months in March, in a sign that government stimulus measures may be gaining traction and amid indications of progress in US-China trade talks. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI), a private business survey released on Monday, expanded at the strongest pace in eight months in March. It rose to 50.8 from 49.9 in February. It was the first time in four months that it rose above… Source link

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Home 

Stocks Blog: Terrific China manufacturing data set to boost markets

Investors at a stock brokerage in Hangzhou on February 11, 2019. Contrary to global conventions, China’s stock market uses red to denote gains and advances, choosing to illustrate declines and losses in green. A wall of red is a welcoming sight for Asia’s largest capital market, which spent 2018 as the world’s biggest loser. In the first quarter of 2019, stock indexes of Shenzhen, Shanghai and Hong Kong were among the world’s biggest winners. Photo: Xinhua Source link

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Home 

Beijing to increase support for manufacturing upgrade even though Made in China 2025 omitted from government work report

In delivering his 2019 government work report to the National People’s Congress in Beijing on Tuesday, Chinese Premier Li Keqiang said the country would “work faster to make China strong in manufacturing” despite no mention of “Made in China 2025” in the government work report for the first time in three years.The phrase “Made in China 2025” (MIC2025), the Beijing blueprint for tech supremacy that has aroused suspicion in the US and Europe, was not mentioned at all in China’s 2019 government… Source link

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China 

China manufacturing stabilised in February, but ‘too soon to call bottom of current economic cycle’

The pick up in the metric was somewhat at odds with the official manufacturing PMI released by the National Bureau Statistics on Thursday, which dropped to 49.2 from 49.5 in January, meaning that the contraction of China’s factory activity intensified last month. Photo: Reuters Source link

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China 

China economy slows further as manufacturing sector PMI contracts for third straight month

China’s economy slowed further in February with manufacturing activity contracting for a third straight month, while services and construction activity eased further.The composite purchasing managers’ index, published by China’s National Bureau of Statistics on Thursday, fell to 52.4 in February from 53.2 in January.The latest reading is the lowest since the bureau started publishing the index in January 2017.The decline was led by factory activity, which fell further into negative territory in… Source link

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Home 

China stocks sway on weakest manufacturing PMI data in three years

China stocks wobbled in early trading Thursday after February data showed the weakest factory activities in nearly three years.Traders were also assessing signals from the newly appointed securities watchdog chief, who met with reporters after the Wednesday close and discussed the readiness of a proposed new stock board to rival Nasdaq for fundraising by China’s best tech start-ups.The Shanghai Composite see-sawed and was last down 0.1 per cent at 2951 as of 10:36am. It rose as much as 0.3 per… Source link

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Global 

China PMI data expected to show manufacturing slumped for third month in a row

Activity in China’s manufacturing sector is expected to have contracted for a third straight month in February, suggesting the economy is still slowing, despite government efforts at stimulus.The National Bureau of Statistics purchasing manufacturing index (PMI) is expected at 49.5 in February, unchanged from January, according to a survey of economists by Bloomberg.A reading below 50 indicates a contraction in the manufacturing sector while a reading above 50 represents expansion.The official… Source link

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