China 

China tipped to start rate cutting ‘road map’ as early as next week, as economic slowdown deepens

As pressure builds on China’s central bank to contain the impacts of the ongoing US trade war and a broad-based economic slowdown, analysts are tipping it to start an extended cycle of interest rate cuts as early as next week, through its new Loan Prime Rate system.This would bring the People’s Bank of China (PBOC) into line with a global monetary easing cycle led by the US Federal Reserve and the European Central Bank and follows the PBOC’s decision on Friday to pump 900 billion yuan (US$126… Source link

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Jinjiang gets on the map as China’s sports shoe capital as Anta, Xtep and 361 Degrees snap up global athletic brands

Running through the north of Jinjiang city in Fujian province is Xiedulu, or Shoe Capital Road, an 11.5-kilometre artery that reminds visitors they are in the beating heart of China’s production hub for footwear.Here, a wholesale market covering 10 building blocks is packed with thousands of producers, designers, and vendors selling everything needed to cobble together a pair of shoes, from Velcro straps and laces to rubber soles, pattern printers and presses. Four giant, red characters atop… Source link

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Singapore 

LTA welcomes redesigned map from architect, will unveil its own version later this year, Singapore News

SINGAPORE – A redesigned MRT system map that has gone viral online is just the ticket, says the Land Transport Authority (LTA), although it will introduce its own revamped version later this year. Architect Cliff Tan uploaded a redesigned map on Facebook on Monday (April 22) that features a cleaner and more rounded depiction of train lines. The post quickly garnered widespread praise and has received around 5,000 reactions and a similar number of shares. Some respondents provided feedback while a few urged the LTA to consider adapting Mr Tan’s…

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China 

How Japan may offer China road map towards a trade deal with the US

China could use large purchases of US goods, promises of long-term dialogue on structural changes to its economy and active cooperation on infrastructure projects to fashion a short-term compromise that would satisfy the United States and avoid a further escalation of the trade war, an American specialist on Japan said Monday. “I’m moderately optimistic about the prospects for a China-US [trade agreement] by March 1, because the quantitative issues, the large-scale purchases and so on, are certainly possible to reach a accommodation,” said Kent Calder, a professor at Johns Hopkins…

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Tencent-backed mapmaker NavInfo building high-definition map of Singapore for autonomous cars

Singapore’s tree-lined streets may provide much-needed shade and respite from its unrelenting heat, but the same green cover is making it tougher for mapping companies like NavInfo to create the sort of precise maps that cars can use to drive themselves in future. The tree cover obscures satellite imaging, while wayward tree branches and leaves may block road signs and make it harder for the roof-mounted cameras from capturing the surroundings needed to create a 3D hi-definition map, according to NavInfo. Still, Tencent-backed company is working with the authorities in…

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