Vietnam 

Provinces to boost shark catfish trade – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — For the shark catfish  industry in the Mekong Delta region to develop sustainably, authorities need to regulate output and quality and the use of chemicals more stringently and prevent unauthorised farming, Lê Hoàng Vũ, head of Đồng Tháp Province’s Sub-department of Fisheries, has said.  The province would push for more co-operation between brood stock producers, fish farmers and processing firms, he said. This year it plans to increase the area of fish farms by 150 ha to 2,600ha and output by…

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Money 

China’s wealth gap widens as more than half of its provinces missed growth targets

China’s economic development gap is widening with tougher times looming after more than half of its provinces missed their economic growth targets last year and the effects of the trade war with the US taking a toll on the domestic economy. Seventeen of 31 Chinese provincial-level divisions failed to meet their gross domestic product growth rate goals in a year where the national economy expanded at 6.6 per cent, its slowest pace in 28 years, according to a review of local annual economic reports by the South China Morning Post.…

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Global 

Trade war sees China’s provinces slash growth forecasts for 2019

From the coastal province of Jiangsu to central Henan, China’s provinces have downgraded their economic growth targets for 2019, as the cold reality of the trade war with the United States continues to bite. As of today, 12 of China’s 31 province-level divisions had published their annual growth targets, with eight of them reducing their growth targets for the year, according to the South China Morning Post’s review of local government reports. The country’s most populous province, Henan, home to the world’s largest iPhone factory, is now targeting gross domestic…

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Vietnam 

South-eastern provinces see growth – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY  — Provinces in the country’s south-eastern region have reported not only high economic growth in 2018 but also a trade surplus. According to figures released by the Bình Dương People’s Committee, the province had a trade surplus of over US$4.8 billion this year, $100 million more than last year. The 27 industrial parks in the province contributed significantly to this achievement. They had total revenues of $28.5 billion and attracted foreign investment of nearly $1.4 billion and domestic investment of VNĐ5.2 trillion…

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Home 

China African swine fever hits two more provinces

The deadly African swine fever virus is continuing to spread through China, with the total number of affected provinces rising to 22, but fears that pork will be in short supply when the country welcomes the Year of the Pig in February are being downplayed. As of Friday, two more provinces had been affected, according to a report by state broadcaster CCTV, on top of the 20 which had reported virus outbreaks as of three weeks ago. The report did not name the two new provinces, but one of them…

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China 

Most Chinese provinces struggling to hit their year-end growth targets

With slightly more than a month left of the year, Chinese provincial officials are running out of time to meet their annual growth targets, even as Beijing advances trillions of yuan from next year’s budget to stimulate local economies. Fully 19 of China’s 31 provinces, autonomous regions and municipalities are behind in meeting their annual GDP targets set earlier this year, based on their economic data from the first three quarters of the year, published by the National Bureau of Statistics. The effects of the central government campaign to cut…

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Investment 

Chinese property stocks hit as housing ministry instructs six provinces to conduct in-depth study of pre-sales

Chinese property stocks fell on Tuesday after a long weekend break amid reports of possible property pre-sale restrictions in Guangdong and five other provinces, while the ongoing US-China trade war continued to hurt the overall market sentiment. The Shanghai Composite Index fell 0.6 per cent, or 16.35 points, to 2,781.14 after the market reopened following the Mid-Autumn Festival public holiday. The index closed trading on Friday with a 2.5 per cent gain to reach a six-week high of 2,797.48. The Shenzhen Composite Index declined 0.5 per cent, or 7.80 points,…

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