China 

Central bank’s ‘tremendous room’ to adjust policy may be put to test as China’s economy slows

The boast by People’s Bank of China governor Yi Gang this month that he has “tremendous room” to adjust policy could soon be tested as the economy slows, throwing attention on the impact on the nation’s fragile currency and financial markets.Compared to European and Japanese peers, China does have more obvious policy space. Its benchmark one-year lending rate has stayed at 4.35 per cent since 2015, far above zero. The Federal Reserve’s dovish turn also eases the depreciation pressures on the… Source link

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China 

Trade war effects leave China less room to tighten property curbs, say analysts

China’s slowing economy and the ongoing trade war with the US mean it has less room to increase cooling measures in the property sector, one of the most important economic drivers, according to analysts.China’s real estate sector has been rife with rumours the government will further rein in the booming market with measures that may include denying certain developers access to the onshore bond market to curb their aggressive bidding for land being auctioned off.Property sales in May showed… Source link

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Global 

China has ‘tremendous’ policy room if US trade war worsens, central bank governor says

China has “tremendous” room to adjust monetary policy if the trade war with the United States deepens, People’s Bank of China Governor Yi Gang said.“We have plenty of room in interest rates, we have plenty of room in required reserve ratio rate, and also for the fiscal, monetary policy toolkit, I think the room for adjustment is tremendous,” said Yi in Beijing.Asked if his scheduled bilateral meeting with US Treasury Secretary Steven Mnuchin on the sidelines of the Group of 20 gathering of… Source link

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Vietnam 

Room to develop Việt Nam-Shandong ties – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Representatives of businesses from Việt Nam and China’s Shandong Province gather at the conference in Hà Nội. — Photo VNA HÀ NỘI — There is huge potential for co-operation between Vietnamese firms and businesses from China’s Shandong Province, vice chairman of the Shandong People’s Council Wang Liang said on Monday. Liang addressed a business conference in Hà Nội as part of his official trip to Việt Nam, urging the two nations’ businesses to take advantage of the potential to increase collaboration in trade, investment, finance, tourism, heath care and education. According to Liang, Việt Nam is the largest…

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Vietnam 

Việt Nam aquaculture has room to improve – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Fish caught in the central coastal province of Ninh Thuận. The total area of Việt Nam’s fisheries is set to reach 270,000ha with expected marine production of 750,000 tonnes by 2020. VNA/VNS Photo Nguyễn Hữu Thành   HÀ NỘI  Việt Nam’s seaculture area is set to reach 270,000ha with expected marine production of 750,000 tonnes by 2020.   The target is a part of the seaculture development strategy for 2030 with a vision to 2050 developed by the Ministry of Agriculture and Rural Development. According to Trần Lê Nguyên Hùng, head of…

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Vietnam 

Việt Nam, China have room to grow trade ties: experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Container trucks line up for customs clearance at Kim Thanh international border gate Road No II (Lào Cai Province). — VNA/VNS Photo Quốc Khánh HÀ NỘI — Vietnamese and Chinese enterprises are encouraged to tap into the great bilateral trade potential driven by the two countries’ open trade policies, experts said. Việt Nam values and gives priority to strengthening economic and trade co-operation with China, and hopes to receive greater investment from China and the overseas Chinese community, said Nguyễn Nội, deputy director of the Foreign Investment Agency under the Ministry of…

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Singapore 

20 residents evacuated from Jurong East HDB block after living room fire, Singapore News

SINGAPORE – A fire broke out in a sixth-floor unit of a Housing Board (HDB) block in Jurong East on Sunday (April 14), which saw about 20 residents being evacuated. The Singapore Civil Defence Force (SCDF) said that it responded to a fire at about 3pm. The fire involved the contents of the living room. The SCDF said that it put out the blaze using a water jet. There were no reported injuries. The Straits Times understands that there was nobody in the flat at the time. On online discussion…

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Singapore 

Singapore gym flamed online after discovery of CCTV camera placed near changing room, Singapore News

A gym is in hot water after the questionable placement of a surveillance camera sparked furore online. But what made matters worse was the gym’s cringe-worthy response which left many netizens angry and confused. In a Facebook post on March 15, Virgin Active Singapore addressed concerns of a CCTV placed near what appears to be a changing room. In the post, the gym stressed that the camera “is pointed at a communal area where our female members can pick up a bathrobe to put on” before plugging their gym membership benefits.  The post…

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Singapore 

Baby ‘dumped’ by S’pore couple in Taiwan: Blood samples found in hotel room match newborn’s DNA, Singapore News

Taiwanese police on Monday (March 4) confirmed that blood samples taken from the hotel room of a Singaporean woman, who is alleged to have disposed of her newborn girl, match the DNA of the baby. The confirmation reported in Taiwanese media comes nearly a week after the authorities launched investigations into a Singapore couple suspected of wrapping the baby’s body in a black plastic bag and dumping it in a food recycling bin in central Taipei. Police believe that the body of the baby, which had the placenta and umbilical…

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China 

Trade war with US the elephant in the room as China’s political advisers meet in Beijing

The trade war with the US was the elephant in the room as the annual gathering of China’s political advisers began in Beijing on Sunday.And while it was not directly mentioned in the advisory body’s official work report, the potential impact of trade tensions on the nation’s development could be found between the lines, and on the sidelines, of the meeting.Addressing more than 2,000 representatives of the Chinese People’s Political Consultative Conference (CPPCC), Wang Yang – chairman of the… Source link

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