Vietnam 

Interest rates to be stable till year end – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The central bank is expected to remain on hold over the coming months to observe the impact of its rate cut on the economy before making further adjustments to its monetary policy. — VNA/VNS Photo HÀ NỘI — Interest rates in the domestic market are expected to remain stable until the end of the year, buoyed by good liquidity and proper credit growth, said Phạm Thanh Hà, director of the State Bank of Việt Nam (SBV)’s Monetary Policy Department. According to Hà, the pressure on domestic interest rates has eased…

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China 

China under increasing pressure to maintain ‘stable employment’ environment amid US trade war

China is under more pressure than ever to maintain a “stable employment” environment as the trade war with the United States and a sluggish economy have hit the country’s jobs market, the top economic planning agency said on Wednesday.The Chinese government has always argued that the job situation in the world’s second largest economy is stable, citing the official indicators complied by the labour ministry and the statistics agency, although evidence is emerging that the unemployment situation… Source link

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Vietnam 

Việt Nam sets plan to build stable export market in China – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Rice packaging line at the Việt Nam Southern Food Corporation (Vinafood 2). — VNA/VNS Photo Đình Huệ   HÀ NỘI Việt Nam wants to work with China to boost export growth, creating a stable market for agriculture products, said Minister of Industry and Trade (MoIT) Trần Tuấn Anh. Speaking at a conference on exports of agricultural products and seafood to China held in Hà Nội yesterday, Anh said the co-operation was expected to help Vietnamese businesses meet stricter Chinese requirements on imports. “The MoIT will work with ministries, sectors, associations,…

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Home 

US should not expect China to keep yuan stable alone, says former senior official with China’s foreign exchange watchdog

US President Donald Trump should not expect China to keep its yuan stable with the US dollar when he keeps rocking market sentiment and provoking disputes, says a former senior official with China’s foreign exchange watchdog.“It (maintaining the yuan’s stability) is a bilateral thing. It is unreasonable that you (US president Trump) insist on provoking disputes, striking market sentiment, while requiring China on its own handle the mission of stabilising the exchange rate,” Guan Tao, a… Source link

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Vietnam 

Industrial production gains stable growth in seven months – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A graphic shows the nation’s industrial production in the January-July period. — VNA/VNS Photo  HÀ NỘI — Việt Nam’s index of industrial production (IIP) rose by 9.4 per cent year-on-year in the first seven months of this year, according to the General Statistics Office (GSO). GSO statisticians said the nation’s IIP ensured a stable growth of more than 9 per cent recorded since the beginning of this year. The processing and manufacturing sector, which accounts for nearly 80 per cent of domestic industrial production, reported a significant IIP increase of 10.7…

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Violent protests are a blot on Hong Kong’s reputation as a stable business hub, says Hopewell’s Gordon Wu

Violent protests will harm Hong Kong’s image as a solid business hub, as investors are worried that the city could descend into anarchy and mob rule, said Gordon Wu Ying-sheung, chairman of Hopewell Holdings, one of the first businessmen to condemn the protesters who stormed and vandalised the Legislative Council.“The violent protests are definitely not good for the city’s business environment,” Wu, 83, told the media on Wednesday. He added that if the law and order situation continues to… Source link

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Singapore 

2 Chinese nationals injured in Jurong fire in stable condition; arrangements made for worker who died, Singapore News

SINGAPORE – The two Chinese nationals who were injured in a massive fire in Jalan Buroh on Friday (June 21) are now in stable condition, and one of them was discharged from the hospital on Saturday morning, the Migrant Workers’ Centre (MWC) said. The non-governmental organisation said in a Facebook post on Saturday that the worker who remains in hospital “should get better with treatment and healing time”. MWC also confirmed that another worker, also a Chinese national, had died in the fire at the liquefied petroleum gas (LPG) facility…

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Vietnam 

Domestic property price to be stable in H2 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Customers look at a real estate project in Hà Nội. The domestic real estate market in the second half of this year will not see large changes in price. Photo kinhtedothi.vn HÀ NỘI – The domestic real estate market in the second half of this year is not expected to witness significant changes in price due to stability in supply, according to experts. During the last six months of this year, the medium- and high-end apartment market would not see any price fluctuations, said Nguyễn Minh Ngọc, the…

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China 

China’s manufacturers enjoy stable May after boost in export orders despite US trade war, survey shows

Manufacturers in China enjoyed a surprisingly strong performance in May, supported by a rebound in new export orders after the announcement by the United States that it would increase tariffs on Chinese imports, a survey showed on Monday.The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI), a gauge of sentiment among the country’s factory operators, came in at 50.2, unchanged from April’s level and above analyst’s expectation of a drop to 50.0, the watershed point between expansion… Source link

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China 

Donald Trump’s threat to increase China tariffs dashes hopes of keeping yuan exchange rate stable

Hopes that China will meet demands by the United States to include a provision to prevent an unfair devaluation in the yuan’s exchange rate is fading rapidly, according to analysts.A demand from the US to limit the yuan’s depreciation and thus the competitive advantage given to China’s exporters was seen as an acceptable condition for Beijing to end the trade war.That helped drive a 1.46 per cent appreciation in the yuan against the US dollar this year, the second best performer among Asia’s 11… Source link

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