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Harley-Davidson strikes deal to build smaller bike in China

Harley-Davidson will partner with China’s Qianjiang Motorcycle Co to build a new smaller motorcycle than its trademark “big hogs”, making good on promises to move more production outside the United States that have angered President Donald Trump.Trump last year threatened to impose higher taxes on Harley after it made plans to move production for European customers overseas, part of a longer-term strategy for dealing with lower sales in the US and higher costs because of trade tariffs.The… Source link

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The positive side of trade wars: fewer imports, a smaller carbon footprint and less need for plastic packaging

The trade war raging on between the US and China has hit many businesses. But is it possible that there is a positive side to a reduction in the flow of goods across the world?Some maintain that trade and globalisation open up economic opportunities and give less-developed economies a chance to upgrade and nurture their businesses. Sadly, there is a propensity for richer economies to exploit this. So, potentially, a trade war that halts unfair exchanges would redress the situation.With fewer… Source link

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Could seizure of Baoshang Bank lead to consolidation among China’s smaller banks with assets worth US$9.9 trillion?

China is set to see consolidation among its smaller banks after a rare government seizure of a troubled Inner Mongolia lender in May, as Beijing looks to avert any systemic risk amid a slowing economy and an escalating trade war with the United States.Mergers of weaker small banks with stronger peers is seen by analysts as the best option for a sector reeling from rising bad loans and funding costs, and which Beijing is wary of due to probable knock-on effects should some lenders start to fail… Source link

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China 

Zhenjiang suicide-watch guard is the human face of the economic malaise that afflicts smaller cities amid the US-China trade war

As an out-of-work chemist inJiangsu province, Chen Wei thanked his lucky stars when he found work as a security guard for China’s anti-corruption agency.For 4,000 yuan (US$579) a month, Chen keeps watch with a colleague in six-hour shifts over detainees, some suicidal, who are awaiting investigation by the Communist Party’s organ for policing corruption.The shift work, which pays a third less than his old job making plastic pellets, is mind-numbing – there’s no Wifi-enabled smartphones allowed,… Source link

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China’s smaller cities regain their mojo in March, as homebuyers return in droves, snapping a four-month deceleration in prices

The prices of China’s new homes snapped their four-month consecutive deceleration in March, recording a modest rebound last month as the easing of price-control regulations among the country’s far-flung smaller cities fuelled demand and prices.Prices advanced by 0.61 per cent in March, from February, at a faster monthly pace than the 0.53 per cent gain a month earlier, according to a Bloomberg calculation using National Bureau of Statistics data. New abodes cost more in March in 65 cities out… Source link

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Ecommerce 

JD.com sets strategy to expand into China’s smaller cities, offline businesses

Workers talk as displays show sales data at the command centre at the headquarters of e-commerce retailer JD.com in Beijing, Sunday, November 11, 2018. Online shoppers spent more than $14 billion within the first two hours of China’s annual buying frenzy on Sunday, once again breaking records as the consumer tradition enters its 10th year. (AP Photo/Mark Schiefelbein) Source link

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Declining home sales in smaller Chinese cities during Lunar New Year point to longer term troubles

A country road in Dezhou, in China’s northern Shandong province. Property purchases by residents of a nearby village drove up prices in downtown Dezhou from 4,000 yuan per square metre at the beginning of 2018 to more than 8,000 yuan by year end. With provincial governments around China scaling back slum redevelopment plans and cutting back on cash compensation in 2019, property in cities like Dezhou will become even more unaffordable, according to a prospective buyer. Photo: AFP Source link

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Singapore 

Tightened GST relief, smaller duty-free alcohol allowances: 8 things to know before making purchases abroad, Singapore News

SINGAPORE – In Finance Minister Heng Swee Keat’s Budget 2019 statement, he announced that the goods and services tax (GST) import relief will be tightened for travellers returning to Singapore from Tuesday (Feb 19). In addition, the alcohol duty-free concession will also be reduced from April 1. Not sure how these changes affect your next trip overseas? Here are eight things to note before making your purchases abroad.  1. WHAT IS GST AND WHY DO I HAVE TO PAY GST ON MY PURCHASES OVERSEAS? GST is a local consumption tax.…

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‘Father of Red Chips’ Francis Leung urges exchange officials to bolster trading turnover in smaller companies

The “Father of Red Chips” Francis Leung Pak-to has urged the local stock exchange to encourage retail investors to become more active in smaller companies, or face the risk of reputational damage to Hong Kong’s role as a fundraising hub. Leung, chairman of The Chamber of Hong Kong Listed Companies, said attracting more retail investors to trade in the local markets is a must when Hong Kong Exchanges and Clearing is developing its three-year strategy plan. “While Hong Kong has reclaimed the crown as the No 1 IPO market worldwide…

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