China 

Shanghai speeds up IPO process for government assets as city’s economy slows sharply

Shanghai has stepped up the process to launch IPOs of 14 government-owned companies after the city reported lacklustre economic growth in the first half.Bai Tinghui, head of Shanghai State-owned Assets Supervision and Administration Commission, said on Thursday that a drastic reform to modify the share structure and management style of these companies was under way as the city embarks on an ambitious plan to building a word-class free-trade port at Lingang.“We are making plans for each of the… Source link

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China 

‘Shallow recession’ likely in the US as economy slows, trade war weighs on global growth, CLSA says

The United States is likely headed towards a “shallow recession” and world trade could turn negative next year as a slowing economy and an escalating dispute with China weighs on global growth, according to Eric Fishwick, chief economist at Hong Kong-based investment bank CLSA.If world trade growth contracts in 2020, it would be the first protracted period of negative growth since 2008 and 2009, the height of global financial crisis, he said.“We are already at the weakest point in terms of… Source link

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Home 

Can Trump keep the US stock market bubble from popping as the world economy slows?

It is now clear that no deal is likely in the US-China trade war. As the rivalry morphs into a cold war, the close economic ties between the two are simply untenable. However, US President Donald Trump is still talking up a deal, if not this year, then in 2020. He is trying to keep the US stock market bubble afloat. If the market stays up, he is likely to be re-elected. If not, it is “Adios, Trump”. The US market has gone through another convulsion over recession prospects. Both the…

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Vietnam 

HCM City industrial production slows down – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A supermarket in HCM City. The city’s total retail sales of goods and services increased by 12.7 per cent in the first half of the year. — VNS Photo HCM CITY — HCM City’s industrial production grew by 7 per cent in the first half of the year, almost exactly the same as a year ago, according to the city Department of Industry and Trade. However, the index of industrial production (IIP) of the city’s four key sectors, food processing, chemical–rubber-plastics, mechanics, and electronics, saw an increase of 5.5 per cent, much lower…

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Vietnam 

Aviation sector growth slows – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Passengers make check-in procedures at the Nội Bài International Airport. — VNA/VNS Photo Việt Hùng HÀ NỘI — The air travel market grew in the first half of this year, however the growth rate slowed down compared to the same period last year, according to the Civil Aviation Authority of Vietnam (CAAV). A CAAV report on aviation service quality in the first half of this year found that aviation sector, including local and international airlines, transported 38.5 million passengers, up 9.4 per cent year-on-year. Vietnamese airlines operate 48 domestic routes…

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China 

Chinese graduates encounter tougher job market as economy slows

China’s economic growth is the lowest in a decade, a trade war with the US drags on with no end in sight, and in this uncertain environment the country’s largest-ever batch of college graduates is hitting the job market.Even the best and brightest among the record 8.3 million graduates this year are struggling to land the prestigious jobs they had hoped for. More than 20 students from top Chinese and overseas universities told Bloomberg News they are pessimistic about the job market.Some have… Source link

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China 

Bull run in China’s home prices continues for 50 straight months in June, but growth slows as curbs kick in

China’s new home prices rose for 50 months in a row in June, but the pace of growth slowed as a range of cooling measures initiated by the government kicked in.The average cost of a new home increased by 0.6 per cent in June, slowing from 0.71 per cent jump in May and 0.62 per cent in April, according to calculations based on National Bureau of Statistics data released on Monday morning.“The government has launched policies targeting developers one after another, which have cooled down the… Source link

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China 

China’s service sector growth slows to lowest level in four months as trade war hits orders, sentiment

Speaking at a media briefing on Tuesday, Wang Bin, deputy director of the Ministry of Commerce’s market operation department, said retail sales growth for the first half of 2019 could rise 8.2 per cent, a slight increase from the 8.1 per cent recorded in the first five months. Photo: Simon Song Source link

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As the global economy slows, spare a thought for the world’s poorest

The global economic mood is souring. At their meeting in Fukuoka, Japan, earlier this month, G20 finance ministers and central bank governors warned that economic growth remains weak, with risks still tilted to the downside. Just a few days before that gathering, the World Bank had lowered its 2019 global growth forecast to 2.6 per cent – the lowest in three years – and predicted that growth would remain tepid in 2020-2021. These headlines conceal an even gloomier story: the worsening plight of… Source link

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As global growth slows, the world needs a new Marshall Plan, not lower interest rates

Workers at Dazhou railway station in Sichuan province, China, inspect tracks, which serve as part of the Belt and Road Initiative freight rail route linking Chongqing in China to Duisburg in Germany, on March 14. China’s belt and road is a step in the right direction as it invests in infrastructure to boost regional growth. Photo: Reuters Source link

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