China 

Trade war casts shadow over China business prospects for US firms like Apple and Boeing

The business prospects in China for American firms like Apple and Boeing are at risk because the mainland is rapidly becoming less welcoming and profitable, amid dampened consumer confidence, slowing growth, and an increasingly watchful state, analysts said.The Chinese government has repeatedly assured investors from the United States that they will be treated fairly in China and have their legitimate interests protected, but recently Beijing has shown its teeth to those firms that it perceives… Source link

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Vietnam 

VN, Malaysia check out trade, investment prospects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Dato’ Teng Chang Khim, Selangor State Executive Councillor for Investment, Industry and Commerce and Small and Medium Enterprises, speaks at the Gateway into the Malaysia Market seminar in HCM City on Wednesday. — VNS Photo HCM CITY — Trade between Việt Nam and Malaysia has increased dramatically in recent years but they still have great untapped potential, a seminar heard in HCM City on Wednesday (May 22). Speaking at Gateway into the Malaysia Market through Selangor International Business Summit 2019 organised by Invest Selangor Berhad and the Investment and…

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Home 

Nintendo's surge on China entry prospects has not deterred short bets by hedge funds

Nintendo Co. shares have surged this year thanks to a stellar games line-up and potential entry into China. But the hedge funds betting against the company aren’t going away.Nintendo’s stock has rallied 27 per cent this year, the best start since 2015. Still, short sales, or bets the stock will fall, are more than double their level a year ago. Hedge funds even added to those positions last Friday – the day Nintendo shares rallied 15 per cent as China gave a nod to Switch game sales in the… Source…

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Global 

US-China trade war damages export powerhouse Taiwan’s growth prospects, as global demand softens

Taiwan’s growth prospects are edging down, with the US-China trade war placing strain on the export powerhouse’s economy. Sluggish global demand is adding to Taiwan’s poor trade performance, with exports falling 4.4 per cent in March, a fifth straight monthly decline. Exports cover 77 per cent of Taiwan’s gross domestic product (GDP), which the budget office estimates will reach $595 billion this year. That weighting makes the island vulnerable to global demand shifts offshore. The picture… Source link

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Home 

Can China boost short-term growth while maintaining long-term prospects? Li Keqiang may have the blueprint

Premier Li Keqiang’s government work report, unveiled on the opening day of the National People’s Congress, argued that Beijing would do well to safeguard near-term growth without undermining the long-term sustainability of the economy.The question is: can Beijing achieve this daunting task against a challenging local and global backdrop, and with a smaller policy toolkit to deploy compared with five or 10 years ago?Let’s take a look at what has been proposed for the task. First, the government… Source link

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Vietnam 

Rosy prospects for Việt Nam’s steel market in Q1 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The steel sector is expected to grow by a record 10 per cent in 2019. — VNA/VNS Photo Viet Nam News HÀ NỘI — Việt Nam’s steel market was forecast to be in good shape in the first quarter of this year despite high prices, said the Việt Nam Steel Association (VSA).  VSA Vice Chairman Nguyễn Văn Sưa said the price of steel rose from US$70 to $92 per tonne throughout January and February, but has now fallen to $86-87 per tonne.  The sector imported 90-95 per cent…

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China 

Chinese workers’ hopes for a hefty pay rise will be dashed as employers face gloomy business prospects

Employees in China hoping for a substantial pay rise this year will be largely disappointed, even those in the booming tech sector where there is a serious skills shortage, as companies start to feel the effects of a slowing economy, a study has found.According to British recruitment agency Hays, 44 per cent of employees on the mainland expect a pay rise of at least 10 per cent but only 8 per cent of employers plan to offer such a raise.Only 35 per cent of employers, including multinationals,… Source link

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China 

How could a sharp slowdown in China affect growth prospects for the rest of Asia?

The threat of a sharper-than-expected economic slowdown in China could damage Asia’s growth prospects, according to analysts. While optimism is rising over continuing trade talks between the United States and China, they have yet to reach a deal and remain far apart on key structural issues. If the conflict were to intensify, China’s challenge would be to cushion its economy from a fall. China’s latest data on foreign trade, GDP growth and the purchasing managers’ index suggests the economy will continue to slow, at least for the next month or…

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Vietnam 

Prospects look good for VN’s economy in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam has experienced a year of socio-economic achievements. For example, economic growth continues at a high level; the macroeconomic environment remains stable; inflation is under control; the trade surplus is at record levels; and the State budget deficit is stable. The statement was made by Nguyễn Đình Cung, director of the Central Institute for Economic Management (CIEM), at a conference held in Hà Nội on Thursday. “More importantly, the macroeconomic foundation continues to be strengthened, the balance of monetary and fiscal…

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Vietnam 

Profit prospects help VN stocks – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Vietnamese shares gained ground on Friday as investors continued looking for opportunities in firms with high chance of better-than-expected earnings reports while improved sentiment on global markets provided some support. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange was up 0.49 per cent to close at 902.71 points. The southern market index has increased by total 1.72 points in the last three trading days. The VN-Index has gained total 2.47 per cent for the whole week and ended positively…

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