Chan Chun Sing: Singapore will not escape economic impact if Hong Kong unrest persists, Singapore, Business News

Prolonged disruption to Hong Kong’s stability will have a “negative spillover impact” on Singapore and the wider region, the Southeast Asian city state’s trade minister warned on Monday. Chan Chun Sing said close trade and investment ties between the two cities meant Singapore would likely be impacted by the anti-government protests in Hong Kong. The southern Chinese city was Singapore’s fifth largest trading partner last year, Chan said, and its fourth largest investment destination at the end of 2017. Trade between the two accounted for an estimated 1.2 per cent…

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China slowdown persists as industrial economy posts worst growth since February 2002

China’s industrial production in July grew at its lowest rate since February 2002, with the retail sector also taking a further hit amid a sharpening slowdown sparked by the US-China trade war.Industrial production – a measure of the output of the industrial sectors in China’s economy, including manufacturing, mining and utilities – grew by 4.8 per cent from a year earlier in July. This was down from 6.3 per cent in June, which had spiked up from May’s 5.0 per cent growth rate.The July reading… Source link

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