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International investors extend their inroads into China’s commercial real estate sector

International investors have extended their inroads into China’s commercial property sector this year, as the largest cities become hunting grounds for office towers, shopping malls and mixed-use projects.Global investors have splashed out 29.2 billion yuan (US$4.35 billion) in the first three months on properties in Shanghai, a huge jump from 9.1 billion yuan a year ago, according to real estate service firm Cushman & Wakefield. In Beijing, offshore investors accounted for 56 per cent of the… Source link

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Vietnam 

Private sector expected to build sustainable aviation sector – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HÀ NỘI — Việt Nam’s aviation industry has seen its strongest growth in the past decades with double-digit growth set in five consecutive years, but it is still faced with sustainable development issues. This was the theme discussed by aviation officials and experts at a conference to seek solutions for sustainable aviation development held by Giao Thông newspaper in the central coastal province of Bình Định last week. The network of domestic airlines has expanded rapidly with the participation of national carrier Vietnam Airlines and budget carriers Viejet, Jetstar Pacific, Bamboo Airways and Việt Nam Air Services Company (Vasco).…

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Cutthroat competition in China’s co-working office sector will see a survival of the largest

Earlier this month, Ucommune, China’s largest home-grown provider of shared office space, reportedly secured 200 million yuan (US$29.8 million) of new funding from the property arm of mainland industrial conglomerate Beijing Xingpai Group. Ucommune (formerly UrWork) will use the proceeds to help finance the construction of new co-working centres as the four-year-old start-up seeks to expand its domestic and international footprint in a fast-growing and fiercely competitive market.Pioneered by… Source link

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Jet Airways in tailspin, nosedive at IndiGo. New Delhi must stop India’s aviation sector crashing – or face election turbulence

When Bhaskar Dahbi booked a last-minute flight from the southern Indian city of Hyderabad to the western city of Ahmedabad to attend his uncle’s funeral, little did he know his 1,200km journey would be in vain. The software developer, 27, arrived at the airport in good time to cover any eventualities and things appeared to be going his way. All around him, flights were being delayed, rescheduled or cancelled but at least the departures board suggested his own flight would be spared the chaos. … Source link

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Zurich-based robotics giant ABB expects Chinese electric vehicle makers and SME sector to keep Shanghai plant busy

ABB Group, the Swiss-Swedish industrial automation and electricity supply technology company, is banking not only on hundreds of electric vehicle start-ups in China, but also millions of small and medium-sized manufacturers in the country, to fill up the order books at a robotics factory it is building in Shanghai.The Zurich-headquartered company, which also has robotics factories in Sweden and the United States, is betting big on further growth in the demand for automation in China – the world… Source link

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What does China’s move to relax residency curbs mean for the property sector?

China’s top economic planner National Development and Reform Commission (NDRC) on Monday released an urbanisation plan that will see cities relaxing residency curbs on domestic migrants. The policy will have huge implications for the property sector that could boost prices in many cities while hardly causing a flutter in others. We break it down for you.What is the policy about?It is China’s urbanisation mission in 2019. The NDRC has ordered all cities with a population under 3 million to … Source link

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China clears entrepreneur Gu Chujun of two charges amid campaign to reassure private sector

Gu Chujun, a champion of private entrepreneurship during the early days of China’s membership of the World Trade Organisation, was cleared of two criminal charges during a Supreme People’s Court hearing in Shenzhen on Wednesday.Gu was in 2005 sentenced to 10 years in prison for inflating registered capital, falsifying financial data and illegal diversion of funds. He was released early in 2012.The court, China’s highest, cleared Gu of the first two charges, but upheld the criminal charge of… Source link

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Boom risks taking Swiss real estate sector off-piste

In a country that prides itself on economic stability, phrases such as “too big to fail” can grab attention in Switzerland, especially when spoken by the head of the financial watchdog.But that warning this week about the country’s mortgage market by Mark Branson, the chief executive of the Swiss market supervisor (Finma), hardly came out of the blue.In recent months, several red flags have emerged about the health of the Swiss real estate sector, as prices for buy-to-let properties have… Source link

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Vietnam 

Tourism property sector has great potential for growth: forum – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A panel discussion at the 2019 Việt Nam Tourism Property Forum held in HCM City on Saturday. — Photo courtesy of the organiser HCM CITY — The tourism property sector has great potential for growth thanks to the rapid growth in the tourism industry, a forum heard in HCM City last Saturday. Hà Mạnh Tiến, chairman of the Việt Nam Association of Corporate Directors, told the 2019 Việt Nam Tourism Property Forum that the tourism industry had been growing at 30-40 per cent annually in recent years, among the…

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Vietnam 

Fisheries sector urged to build brand – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Processing seafood products for export at Cần Tho Seafood Import and Export Co Ltd. — Photo hanoimoi.com.vn Viet Nam News QUẢNG NINH – Deputy Prime Minister Trịnh Đình Dũng has urged the fisheries sector to build a brand with food safety and high quality for seafood products. To that end sector, the sector should increase the quality of products, maintain traditional markets and develop new export markets, while also paying attention to the domestic market, he said. Addressing a ceremony to mark the 60th traditional day of…

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