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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Home 

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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Home 

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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China 

Central bank’s ‘tremendous room’ to adjust policy may be put to test as China’s economy slows

The boast by People’s Bank of China governor Yi Gang this month that he has “tremendous room” to adjust policy could soon be tested as the economy slows, throwing attention on the impact on the nation’s fragile currency and financial markets.Compared to European and Japanese peers, China does have more obvious policy space. Its benchmark one-year lending rate has stayed at 4.35 per cent since 2015, far above zero. The Federal Reserve’s dovish turn also eases the depreciation pressures on the… Source link

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Global 

Australia cuts borrowing rates to historic low as economy slows

Australia’s central bank lowered the cost of borrowing for the first time in three years on Tuesday, hoping to extend a record 28-year-run without a recession amid stiffening headwinds.The Reserve Bank of Australia cut rates by 25 basis points to a historic low of 1.25 per cent, as the pace of growth slowed to levels not seen since the global financial crisis.Australia dodged much of the global economic tumult of the past two decades as Beijing lapped up its vast iron ore, coal and other… Source link

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Global 

China economy slows sharply in April, even before higher US trade tariffs take effect

China’s economy looked to have slowed sharply in April, the last month before new US trade war tariffs take effect, with both industrial production and retail sales growth posting significant declines.The big picture to be gleaned from Wednesday’s data dump is that China’s economy is losing the momentum it gained in the first quarter, at a time when it is being sucked into an ever-intensifying trade war with the US. Over the past week, the world’s two largest economies have exchanged tit-for… Source link

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China 

China bank lending slows more than expected in April, raising concerns about economic outlook

China’s new bank lending slowed more than expected in April, triggering new concerns over the country’s economic outlook and prompting fresh calls for further monetary easing against the backdrop of heightened trade tensions with the United States.Banks made 1.02 trillion yuan (US$150 billion) of new yuan loans in April, lower than market expectations for 1.2 trillion yuan in loans and the 1.69 trillion yuan in new lending in March, according to data released by the People’s Bank of China (PBOC… Source link

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Vietnam 

Đà Nẵng condotel market slows but remains robust – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  In the near future the  supply of condotels in Đà Nẵng will continue to expand, leading to fiercer competition. — Photo batdongsanexpress.vn HCM CITY — Due to the unclear regulations on condotels, the market in Đà Nẵng slowed down in the first quarter, according to Colliers International Vietnam’s Quarterly Knowledge Report. Buyers are becoming more cautious about developers’ promises of lofty returns, and developers themselves are also adopting caution before introducing new products, the report on the first quarter real estate market said. Though the future of condotels is unclear, investors…

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