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Hong Kong developers ramp up sales as buyers cheer signs of easing in US-China trade tensions

Property developers are preparing to accelerate the marketing of new projects, taking advantage of brightening market sentiment after an apparent warming in relations between the US and China following weekend talks at the Group of 20 summit in Japan.At last weekend’s sales, buyers snapped up almost 700 flats at projects that included Wheelock Properties’ Grand Montara in Tseung Kwan O and Wing Tai Properties’ Oma Oma in Tuen Mun.Agents attributed the buoyant reception to improved prospects for… Source link

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Vietnam 

HCM City signs deal with Cuba on science-technology co-operation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The People’s Committee of HCM City and the Ministry of Science, Technology and Environment of Cuba on Friday signed a Memorandum of Understanding (MoU) on co-operation in development and managing science-technology zones.  HCM CITY — The People’s Committee of HCM City and the Ministry of Science, Technology and Environment of Cuba yesterday signed a memorandum of understanding (MoU) on science-technology zones.  Under the MoU, the two sides will share knowledge and best practices in setting up, managing and developing scientific-industrial parks and incubators. They will also exchange information and…

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Singapore 

‘Look up’: Ang Mo Kio tackles distracted phone zombies at road junction with new signs, Singapore News

SINGAPORE – By 7.30am, commuters were rushing across the busy junction of Ang Mo Kio Ave 3 and 8 on Friday (June 28), but with about one in every eight still looking at their mobile phones. Barely a few feet away from the passing cars, on the edge of the pavement, pedestrians stood transfixed by their devices as they waited to cross. Now the authorities hope something else will catch their eye, and remind them to be aware of road safety. Strategically pasted on the pedestrian ramps on the corners…

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Global 

G20 overshadowed by gloomy mood as world economy turns to central banks to address red warning signs

Central banks are resuming their first-responder role as the world economy runs into trouble even if they lack the firepower they once had at their disposal.With Australia cutting interest rates on Tuesday for the first time in three years and India likely to follow on Thursday, monetary policymakers are again seeking to shore up weak growth and inflation.US Federal Reserve chairman Jerome Powell signalled an openness to loosening if necessary, and European Central Bank officials are poised on… Source link

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Shanghai, Hong Kong stocks slip as traders await any signs of progress in edgy US-China relations

It wasn’t a pretty first trading day of June.Shanghai markets fell for the third straight day, while Hong Kong slipped for fourth consecutive session, as traders awaited any news of progress in US-China trade relations.That gloomy start to June came after a painful May, when the Shanghai Composite posted its second straight month of losses and Hong Kong’s Hang Seng Index recorded its first monthly loss of the year.“It is politics, not just economics. It is difficult to anticipate what is next,”… Source link

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Chinese start-up Neolix bets on robo-vans for deliveries, signs up JD.com and Huawei as customers

Forget drones. The future of deliveries may be robo-vans.A Chinese start-up called Neolix kicked off mass production of its self-driving delivery vehicles on Friday – saying it’s the first company globally to do so – and has lined up giants such as JD.com and Huawei Technologies as customers. Neolix expects to deliver a thousand of the vehicles, which resemble tiny vans, within the first year as it broadens out.The implications are potentially huge: Billionaire Jack Ma predicts there will be 1… Source link

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China 

China showing signs similar to Japanese housing bubble that led to its ‘lost decades’, expert warns

China must exercise extreme caution in handling its housing sector because it is showing signs similar to those witnessed during Japan’s bubble period of the 1980s that contributed to the collapse of Japanese asset prices and its subsequent “lost decades” of weak economic growth and deflation, a Japanese financial system expert warned.The parallels between China’s current landscape and Japan’s two decades ago are readily apparent, stemming from a loose monetary policy that laid the foundation… Source link

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Vietnam 

Positive signs in Việt Nam’s socio-economic situation: PM – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Prime Minister Nguyễn Xuân Phúc speaks at a regular cabinet meeting in Hà Nội on Saturday.— VNA/VNS  Photo HÀ NỘI – Việt Nam’s socio-economic situation in April 2019 witnessed many positive signs with macroeconomic stability and surging aggregate demand, Prime Minister Nguyễn Xuân Phúc told a regular cabinet meeting in Hà Nội on Saturday. PM Phúc noted with pleasure that a large number of new businesses were established while the country saw a record in attracting foreign direct investment (FDI) with many large-scale projects. The agriculture sector yielded bumper crops and…

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China 

China’s white-collar workers earned less in first quarter of 2019 despite signs of economic recovery, survey finds

The average salary for white-collar workers in China fell in the first quarter of 2019 despite an economic recovery, according to a report by a major Chinese job website on Tuesday.In the first three months of 2019 the average monthly salary dropped to 8,050 yuan (US$1,195) from 8,096 yuan in the fourth quarter of 2018 due to increased competition for vacancies, according to Zhaopin.com after a survey of job data on its platform covering 37 cities.The results of the survey offer far less… Source link

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China’s outbound investment shows signs of life in first quarter, but analysts are wary

Outbound investment by Chinese companies picked up slightly in the first quarter, though overall momentum remains tepid amid economic headwinds and uncertainties arising from the ongoing US-China trade war.Chinese firms and institutional investors have closed 65 outbound deals worth 168.8 billion yuan (US$25.12 billion) for the three months ending in March, reflecting a gain of 4.8 per cent from the same period a year ago, according to the Hurun China Cross-Border Merger & Acquisition Report… Source link

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