China 

China’s electronics sector has the most to lose if US-China trade war tariffs increase to 25 per cent

March 2 is a date that is marked clearly in the calendars of every Chinese company that sells to the United States: tariff day.On that day, should negotiators not reach a deal that would end the US-China trade war, tariffs on exports to the US will rise from 10 per cent to 25 per cent, but some will be watching more closely than others.Whereas other sectors – such as textiles, apparel, cars – have had to deal with some import tariffs as a condition of selling into the US in…

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Vietnam 

Central region told to develop tourism as key economic sector – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News THỪA THIÊN-HUẾ — The Central and Central Highlands Region has been told to work harder to make tourism a key economic sector of the whole region. Speaking at a conference seeking solutions for the development of regional tourism, Prime Minister Nguyễn Xuân Phúc urged 19 provinces in this region to work harder for a common plan to boost the growth of tourism. “Tourism [in the region] has seen a slow pace of progresses in both service type and service quality. Operations of the sector…

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Vietnam 

Livestock sector focuses on exports – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — The Department of Livestock Husbandry has said intensive efforts would be made to boost exports of animal products this year. The livestock sector has enjoyed annual average growth of 5-6 per cent for the last two decades. Meat production has more than tripled since 2005 from 1.6 million to 5.3 million tonnes, egg production has almost quadrupled and milk output has increased 18.6 times, it said. Nguyễn Xuân Dương, the department’s acting director, said, for the first time in the…

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Home 

Will trimmed subsidy roll back knock the wind out of Taiwan’s offshore turbine sector?

A retrospective reduction in subsidies for offshore wind power development by Taiwan could take the wind out of international developers’ sails, and erode some of the sector’s attractiveness relative to Japan, mainland China and South Korea as an investment destination. The Taiwan government had proposed an aggressive cutback in subsidies for offshore wind power projects in November 2018, after the ruling Democratic Progressive Party suffered a major election setback at the hands of the opposition Kuomintang Party, which has criticised offshore wind subsidies previously given as too generous. It initially…

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Home 

Could promise of ‘spillover’ revenue make infrastructure investment more attractive for private sector?

The estimated cost of supplying the world – and its fastest growing region of Asia in particular – with infrastructure such as transport, energy and communications systems over the next couple of decades runs into trillions of dollars, and the gap between the finance needed and what is being spent at present likewise amounts to thousands of billions. How is the gap to be closed if economic growth and social welfare are not to suffer? Policymakers have been wracking their brains for decades over this question and are still nowhere…

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Home 

How the People’s Bank of China is changing direction and going all out to save the private sector

While the market is trying its best to guess how many cuts in the reserve ratio requirement to expect in China this year, the Chinese central bank has managed to tweak its strategy. Facing the pressure of a slowdown in the Chinese economy and dissatisfaction among corporations, especially private firms, the People’s Bank of China rolled out two new monetary policy instruments in late January.  On January 23, the Chinese central bank deployed its targeted medium-term lending facility for the first time, with tenors of up to three years and…

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Home 

Trade war or not, China’s pivot to the private sector and return to infrastructure spending are worth watching

While the US-China trade war has yet to be resolved, Beijing is pumping iron to make sure the domestic economy can achieve gross domestic product growth of around 6.5 per cent this year. Keep your eyes on the private sector and infrastructure investments. China’s private sector is being given a long-awaited shot in the arm. The authorities have asked banks to allocate half of their new loans to private businesses by 2021. This addresses Chinese businesspeople’s long-standing gripe that they are unable to get financing from mainstream banks, as state-controlled commercial…

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Home 

Hong Kong loses out to mainland China, Singapore when it comes to marketing, financial sector pay, survey shows

If you are a sales and marketing manager with more than 10 years of experience, then mainland China is where you should be. Average salaries there are at least double that of Hong Kong, according to a survey by recruitment firm Links International. The study polled more than 700 respondents in Hong Kong, mainland China and Singapore. It found the average monthly salary for general managers working in sales and marketing on the mainland was between 200,000 yuan (US$29,769) and 300,000 yuan. Their counterparts in Hong Kong received HK$100,000 (US$12,749)…

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Investment 

Potential white knight waiting in the wings as private sector bond defaulter struggles to restructure debt

China Singyes Solar Technologies Holdings, whose shares fell as much as 72 per cent in Hong Kong last week after a three-month trading suspension, is in talks with at least three potential buyers for its assets. The Zhuhai, Guangdong-based solar farm operator had defaulted on a one-year, US$160 million offshore bond in October and is in danger of defaulting on another two-year, US$260 million offshore bond due next month. China Singyes plunges, highlighting cash flow woes of China’s private companies and solar industry “Since news of our default broke, many…

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China 

Helping private sector top policy priority this year, Guangdong political body says

Guangdong officials have been given a list of priorities for the year – boosting the private economy, pushing forward the “Greater Bay Area” and revitalising its underdeveloped countryside – as China grapples with an economic slowdown amid a trade war with the US. Wang Rong, chairman of the province’s political advisory body, told an annual meeting in Guangzhou on Saturday there was broad consensus among citizens that the private sector should not be allowed to weaken, but must be supported so that it can expand. He said members of the…

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