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China’s smaller cities regain their mojo in March, as homebuyers return in droves, snapping a four-month deceleration in prices

The prices of China’s new homes snapped their four-month consecutive deceleration in March, recording a modest rebound last month as the easing of price-control regulations among the country’s far-flung smaller cities fuelled demand and prices.Prices advanced by 0.61 per cent in March, from February, at a faster monthly pace than the 0.53 per cent gain a month earlier, according to a Bloomberg calculation using National Bureau of Statistics data. New abodes cost more in March in 65 cities out… Source link

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China’s vehicles sales fell for ninth straight month in March, fuelling consumption concerns

China’s vehicles sales fell for the ninth straight month in March, a further decline that could dampen the world’s second largest economy’s efforts to bolster consumption and counter slowing economic growth.Total vehicle sales fell to 2.52 million in March, 5.2 per cent down from a year earlier, the China Association of Automobile Manufacturers (CAAM) said on Friday.Meanwhile passenger vehicle sales, which includes sedan, minivans, sports utility and crossover utility vehicles but excludes… Source link

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China 

China’s exports recover in March, but imports crash again, as trade war deal nears

China’s exports sector enjoyed a strong recovery in March, after a poor start to the year, but imports continued to slump, suggesting weak demand in the world’s second largest economy.Exports grew by 14.2 per cent, a big jump from the 20.8 per cent fall in January and February, the data for which was combined due to the Lunar New Year holiday in February.This was higher than a survey of economists by Bloomberg, which had forecast growth of 6.5 per cent.Imports, however, shrank by 7.6 per cent,… Source link

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China 

China’s African swine fever epidemic drives up inflation in March

China’s consumer price inflation rose sharply in March, as the country struggles to contain the impact of an African swine fever epidemic that has sent pork prices soaring.Consumer price inflation (CPI) rose 2.3 per cent year-on-year, a large increase on February’s figure, when consumer prices rose by 1.5 per cent.This was in line with than a poll of economists done by Bloomberg, which had predicted a 2.3 per cent rise.According to the National Bureau of Statistics (NBS), which released the… Source link

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Vietnam 

Investors open many new accounts in March – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Investors tend to flock to open new accounts when VN-Index touch its peak. — Photo ndh.vn HÀ NỘI — As many as 21,265 new accounts of domestic investors were opened in March, the highest number since April 2018 when the VN-Index reached its peak of 1,200 points. According to the Việt Nam Securities Depository Center (VSD), the number included 21,176 individual accounts and 89 organisational accounts. In March, the market experienced fairly positive movements, including the time the benchmark VN-Index on the Hồ Chí Minh Stock…

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China 

China’s foreign exchange reserves hit seven-month high of almost US$3.1 trillion in March

China’s foreign exchange reserves rose for a fifth straight month in March, with the increase exceeding expectations, as growing optimism about the prospects for a US-China trade deal offset concerns over slowing economic growth.Chinese reserves, the world’s largest, rose by nearly US$9 billion in the month to US$3.099 trillion, its highest since August, according to central bank figures released on Sunday.Economists polled by Reuters had expected the reserves to rise by US$5 billion to US$3… Source link

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Australia home prices continue to decline in March, but deflation slows

Australian home prices fell again in March as credit conditions remained tight and investors stayed away, though the pace of decline slowed as more auctions found buyers.Monday’s report from property consultant CoreLogic showed home prices nationally fell 0.6 per cent in March, from February when they dropped 0.7 per cent. That was the smallest monthly fall since October. Values were down 6.9 per cent on a year earlier.The index has fallen in 15 of the past 17 months, wiping out more than two… Source link

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Vietnam 

HNX collects over $75 million in March auctions – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Over 5.8 million shares were put up for sale at the remaining two auctions of share purchasing rights, but up to over 10.2 million shares were ordered, 1.75 times more than the offered amount. — Photo baodautu.vn Viet Nam News HÀ NỘI — The Hà Nội Stock Exchange (HNX) organised six auctions in March with total transaction value of nearly VNĐ1.76 trillion (US$75.45 million). Three auctions for divestment were held for the Lilama 18 Joint Stock Company, Lilama 69-1 Joint Stock Company and Viglacera Corporation – Joint Stock Company. …

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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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China 

China’s services activity quickens in March – official PMI

China’s services industry saw faster growth in March, while its factory activity in China recovered as well, according to an official survey released on Sunday.The official non-manufacturing purchasing managers’ index (PMI) rose to 54.8 in March from 54.3 in February, well above the 50-point mark that separates growth from contraction.The fast-growing services sector accounts for more than half of China’s economy and has helped buffer the impact of slowing manufacturing. But it softened late… Source link

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