China 

What kind of stimulus do China’s half-idle car assemblies need to restart stalled sales in the world’s largest vehicle market?

Word got around last week – while the Auto Shanghai 2019 trade show was in full swing – that China’s economic planning agency was mulling an easier process for drivers to obtain licences in the world’s largest vehicle market.The speculation sent the share prices of carmakers soaring, on hopes that the liberalised procedure would spur drivers to become owners, help clear out showrooms and stem nine consecutive months of declining sales. At least three automotive stocks jumped by their 10 per… Source link

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China 

China’s economic growth unable to boost employment as job market drops to six-year low, says think tank

Despite better-than-expected economic growth in the first quarter, China’s job market performed at its worst level in six years at the start of 2019, according to an industry report published on Friday.The number of jobs seekers normally rises during January to March when many workers look to change jobs and college graduates start looking for career opportunities after their graduation. However, in the first quarter, the number of potential applicants rose to the highest level since 2011 while… Source link

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Vietnam 

Domestic property market stable in Q1 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    The domestic property market showed stable development in the first quarter of this year. – Photo danangz.vn HÀ NỘI — The domestic property market showed stable development in the first quarter of this year with the emergence of potential new property trading regions. So said experts at a press conference on the first-quarter performance of Việt Nam’s property market held by the Việt Nam Association of Realtors (VARS) in Hà Nội on Tuesday. According to VARS, the national real estate market continued its stable development. Potential real estate markets…

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Vietnam 

VN property market unlikely to see big dip, says Savills global chief – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam is one of Asia’s most vibrant property markets and a long-term strategic area for Savills. Mark Ridley, newly appointed Group CEO for Savills, spoke to Việt Nam News reporter Thu Hằng about how to attract foreign investment into the Vietnamese real estate market during a visit to HCM City last week. How do you see Việt Nam’s property market? What factors will help it attract FDI in the next few years? Việt Nam has come a long way since our office opened in 1995. It is now…

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More manufacturers enter e-motorbike market – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HCM CITY – The Vietnamese electric motorbike market is seeing the participation of more and more domestic and foreign manufacturers.   After Vinfast Manufacturing and Trading Company Limited of Việt Nam introduced its Klara bikes last November, hundreds of similar products from foreign names such as Honda, Teera Motors and Pega have appeared in the market. Huỳnh Văn Thành, who owns an electric motorbike shop on An Dương Vương Street in District 5, said that people now prefer the electric motorbike. “It uses modern technology and rarely breaks down. Their appearance…

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Property 

Hong Kong’s pre-owned housing market rips higher, as analysts warn of pause ahead

The recent uptick in the secondary market where buyers kept snapping up homes costing less than HK$6 million (US$765,267) in major estates is expected to take a breather in coming weeks as prices near their previous peaks, analysts said.“The recent rise in home prices has been quite fast, accumulating solid increases. Also, a number of bargains in the market have been snapped up and homeowners have kept asking prices firm,” said Willy Liu, chief executive of Ricacorp Properties.Ricacorp said it… Source link

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Home 

Loss aversion angst grips Chinese developers as Australian housing market fades

Chinese developers who arrived late to the fading Australian housing boom are faced with a curious choice: is it better to cut losses on investments that have turned sour or ride out the slump in the hope of an eventual recovery?One option is take the loss upfront by unloading land to other developers, a move seen as appealing to smaller developers who lack the financial firepower to wait it out in expectation of an eventual recovery.About a half-dozen Chinese developers have expressed a… Source link

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China 

Head of China’s biggest state firm in Hong Kong urges Beijing to deepen market reforms

The head of China’s largest and oldest state-owned company in Hong Kong has recommended that the government should let competitive forces play a bigger role in certain market-oriented industries.The government should continue to dominate industries monopolised by state entities, such as power distribution and transmission, whereas industries that are already populated by private enterprises or quasi-state companies should be allowed to compete.“Let the fittest survive,” said Fu Yuning, chairman… Source link

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Hong Kong’s dollar millionaires swell at the slowest pace since 2014, as trade war-induced bear market crimped fortunes

The ranks of Hong Kong’s US dollar-denominated millionaires grew at their slowest pace since 2014, as the US-China trade war weighed on financial markets and depressed stock values all over Asia, according to a report by Citibank.The number of Hong Kong residents with at least HK$10 million (US$1.27 million) in assets, including property holdings, rose 3 per cent last year to a record 511,000, based on Citibank’s telephone survey and interviews with 4,192 respondents. Of these, the number of… Source link

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Home 

UK property asking prices rise in sign housing market has bottomed out

Asking prices for British homes rose by the most in over a year in the four weeks to April 6, a survey showed, adding to other tentative signs that the housing market may have passed the worst of its slowdown ahead of Brexit.The 1.1 per cent monthly rise in asking prices was a bigger increase than usual at the start of the spring season and reduced the fall in prices in annual terms to 0.1 per cent, property website Rightmove said.Britain’s housing market has stumbled since the 2016 Brexit… Source…

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