China 

China economy off to strong start in 2019 as stimulus steps offset trade war impact

China’s economy is off to a robust start this year, defying fears of a sharp slowdown, with Beijing’s pro-growth efforts successfully offsetting the effects of the trade war with the United States.China’s gross domestic product (GDP) expanded 6.4 per cent in the first quarter compared a year earlier, the National Bureau of Statistics reported on Wednesday, beating analysts’ expectations of 6.3 per cent growth and remaining at the top end of Beijing’s target growth range of 6.0 to 6.5 per cent… Source link

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Global 

China economy grows faster than expected in first quarter on strong industrial production

China’s economy grew 6.4 per cent in the first quarter compared to a year earlier, the joint-slowest growth rate since quarterly growth records began to be published 27 years ago, according to official figures released on Wednesday, but beating analysts’ expectations.This beat the median forecast of a Bloomberg survey of economists, which predicted gross domestic product (GDP) growth would slow to 6.3 per cent for the quarter.However, it falls within the government’s growth target range of… Source link

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Global 

China’s economy dug out by strong excavator and crane sales, as stimulus kicks in

Sales of excavation equipment in China are booming, suggesting that Beijing’s stimulus package is starting to filter into the economy.The country’s 25 leading excavator makers sold 44,278 units in March, the highest monthly sales on record, according to data from the China Construction Machinery Association (CCMA). This was a 15.7 per cent increase on March 2018 and followed 68.7 per cent growth in February.Excavator sales are widely viewed as a “barometer” of the country’s infrastructure… Source link

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Home 

Uber CEO acknowledges self-inflicted wounds as company reveals strong growth, huge losses ahead of listing

Uber is providing a look into its business in the lead-up to its hotly anticipated debut on the stock market, revealing strong growth but an ongoing struggle to overcome huge losses and repair its reputation.Documents released overnight on Thursday offered the most detailed view of the world’s largest ride-hailing service yet. The massive filing shows Uber has been generating the robust revenue growth that entices investors, but also racked up about US$8 billion in losses over its 10 years in… Source link

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Vietnam 

SMEs’ online trading activities to see strong development – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Online import and export activities of small- and medium-sized enterprises (SMEs) are expected to develop further in the future. – Photo congthuong.vn HÀ NỘI – Online import and export activities of small- and medium-sized enterprises (SMEs) are expected to develop further due to the low number of them currently embracing e-commerce, according to experts. The Việt Nam e-business index report showed that 32 per cent of Việt Nam’s SMEs have established businesses with foreign partners through online channels. Joining B2B (Business to Business) e-commerce…

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Home 

Wary of a strong yuan, China has reason to rue yen and euro weakness

The renminbi might be in for a further period of broad strength but that will be driven as much by the unattractiveness of other currencies as by any inherent allure. Other currencies – though perhaps not the US dollar – just don’t look that appealing.Given Washington’s preoccupation with the US dollar/yuan exchange rate, realpolitik may dictate that a settlement of the US-China trade war will incorporate some subsequent renminbi appreciation versus the greenback. But if that was accompanied by… Source link

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Vietnam 

VN manufacturing sector continues to remain strong – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The manufacturing sector continued to expand at the end of the first quarter, with signs of growth picking up during March, a survey released on Monday by Nikkei and IHS Markit said. The Manufacturing Purchasing Managers’ Index (PMI) rose to 51.9 in March from 51.2 in February, signalling an improvement in the health of the sector for the 40th successive month. Although registering below the 2018 average, the index was comfortably above the 50.0 no-change mark at the end of Q1.…

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Vietnam 

VN mattress market set for strong expansion: experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Việt Nam’s strong economic growth and rapid increase in per capita income has driven demand for a better quality of life, thus the development of the interiors market, including for mattresses, according to experts. In its Việt Nam mattress market report, Ken Research Company of India said the market saw compounded annual growth rate of 7.6 per cent in the 2011-16 period. It is expected to reach US$291 million by 2021, it said. Growing demand from the residential and commercial…

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Vietnam 

Convenience stores have strong development in the future – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Convenience stores with many advantages are expected to dominate the local retail market, according to experts. Many famous retail brands have entered Việt Nam market like Circle K of the US opening its stores in Việt Nam from August 2008 or Shop & Go of Singapore opening its stores from 2005. At present, in the two big cities of Hà Nội and HCM City, Circle K has more than 300 stores while Shop & Go has more than 160 stores, reported…

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Home 

What inflation? In the US, a strong dollar, steady oil prices and low wage growth are keeping it low – for now at least

It wasn’t the immediate threat of a US economic slowdown that caused the Federal Reserve to sharply change its policy stance at its March meeting – from forecasting interest rates would rise twice in 2019, to predicting they’d stay put for the rest of the year. Rather, a lack of inflationary pressure in the US economy means the central bank feels it can afford to pause rate hikes and focus on supporting growth. It’s true that the inflation threat isn’t an issue – for now at least. The core… Source link

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