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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Ecommerce 

Amazon will shutter part of its China e-commerce operations to focus on cross-border sales

Amazon will make “operational adjustments” to its China business to focus more on cross-border sales amid stiff competition from domestic operators in the world’s largest e-commerce market.The US e-commerce giant said on Thursday it would stop providing services to third-party merchants on its domestic market place from July 18.“Over the past few years, we have been evolving our China online retail business to increasingly emphasise cross-border sales, and in return we’ve seen very strong… Source link

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Global 

China’s economy dug out by strong excavator and crane sales, as stimulus kicks in

Sales of excavation equipment in China are booming, suggesting that Beijing’s stimulus package is starting to filter into the economy.The country’s 25 leading excavator makers sold 44,278 units in March, the highest monthly sales on record, according to data from the China Construction Machinery Association (CCMA). This was a 15.7 per cent increase on March 2018 and followed 68.7 per cent growth in February.Excavator sales are widely viewed as a “barometer” of the country’s infrastructure… Source link

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China 

Trade war or not, Marvel Studios’ Avengers: Endgame breaks pre-release sales record with millions of China’s movie goers

Walt Disney Studios Motion Pictures’ Avengers: Endgame has broken the record for pre-release ticket sales in China, more than a week before Marvel Studios’ fourth instalment of the Avengers superhero series goes on show in the world’s second-biggest box office market.The blockbuster sold a record 247 million yuan (US$36.8 million) in tickets on Maoyan as of Monday afternoon, a third of which are for the midnight show on April 24 in 3D IMAX format, according to data by China’s largest online… Source link

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Vietnam 

Vietjet opens sales on HCM City-Bali route – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A Vietjet’s mordern fleet. VNS Photo HCM CITY — Vietjet started selling tickets on its newest international flight linking HCM City and Bali (Indonesia) on Friday, making it the first and only airline operating direct flights on the route. The new route will have return flights every Monday, Wednesday, Thursday, Friday and Sunday from May 29 with flight times of four hours. The flight departs from HCM City at 8.05am and arrives at Bali at 1.05pm (local time). The return flight takes off from Bali at 2.05pm (local time) and lands in…

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Home 

China’s vehicles sales fell for ninth straight month in March, fuelling consumption concerns

China’s vehicles sales fell for the ninth straight month in March, a further decline that could dampen the world’s second largest economy’s efforts to bolster consumption and counter slowing economic growth.Total vehicle sales fell to 2.52 million in March, 5.2 per cent down from a year earlier, the China Association of Automobile Manufacturers (CAAM) said on Friday.Meanwhile passenger vehicle sales, which includes sedan, minivans, sports utility and crossover utility vehicles but excludes… Source link

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Vietnam 

Sales of locally-assembled cars down, imported cars sharply up – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  In the first quarter of this year, the sale of imported cars increased by 243 per cent year-on-year, said VAMA. Photo vneconomy.vn HÀ NỘI — The sale of domestically-assembled cars in the first quarter of this year decreased by 8 per cent year-on-year to more than 46,250 units, while sales of imported cars sharply increased by 234 per cent to nearly 32,000 units, according to the latest report issued by the Vietnam Automobile Manufacturers’ Association (VAMA). The report showed that VAMA members sold a total of 78,250 cars during…

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Vietnam 

150 northern cooperatives link agricultural production to sales at Big C – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Consumers now have given preference to the products, particularly domestic ones with clear origin, labels and packaging, meeting domestic and international standards. — Photo laodong.vn HÀ NỘI  — About 150 agricultural cooperatives in 16 northern provinces took part in a conference on connecting agricultural production to consumption at the modern retail chain Big C. The event, organised on Tuesday by several departments of the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development, and Big C, aimed to connect all parties – State management agencies, retailers and cooperatives…

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Home 

Hong Kong’s real estate bull market regains its pace, as sales value of city’s subsidised homes soar to 22-year high

Hong Kong’s property bull market regained pace after a brief falter, extending its reach over to the city’s subsidised housing market as the number of transactions and sales value soared.The number of pre-owned flats sold through the Home Ownership Scheme (HOS) increased 60 per cent to 477 units in March, compared with the previous month, according to data from Centaline Property Agency. Their sales value jumped 64.6 per cent to HK$2.41 billion (US$307.12 million).The monthly transactions were… Source link

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Property 

Home sales rise by 64.3 per cent in Chongqing, the barometer of China’s national market

The sales of new homes in the megacity of Chongqing in southwest China jumped by 64.3 per cent in March to 2.12 million square metres, according to consultancy Cric. It had recorded a cooling in its property market in the second half of 2018.The city, with an area 74 times that of Hong Kong, recorded the sale of 31.23 million square metres of new homes last year and is China’s largest market in terms of area of residential apartments sold. It is also indicative of the overall China market, with……

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