Global 

China ‘smoothing’ of economic data is distorting global growth and policy responses, study says

China’s official economic data over the past four years has been “too smooth to be realistic”, given the significant volatility in key industries over the same period, according to a new study by Rhodium Group, a US-based economic research house.A new report claims that this unrealistic data has led to distortions in global economic growth estimates, which in turn has affected economic policy decision-making throughout the world, with China paying the highest price.Beijing has always… Source link

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China 

China’s household debt has grown so much that trade war stimulus is largely ineffective, study shows

China’s household debt has risen to a such a high level that government stimulus designed to boost consumer spending would likely be ineffective, an international research group said.The country’s household debt-to-income ratio rose to 92 per cent at the end of last year, a sharp increase from only 30 per cent in 2008, the Washington-based Institute of International Finance (IIF) wrote in a research note.The ratio is higher than the 86 per cent in Germany and close to the levels of 97 per cent… Source link

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Home 

E-commerce giants Alibaba and JD.com by far the dominant retailers in Asia-Pacific, Euromonitor study finds

Chinese e-commerce giants Alibaba Group Holding and JD.com were Asia-Pacific’s top retailers by sales last year, with combined revenues of US$444.5 billion, dwarfing Hong Kong’s GDP of US$363 billion. According to the Top 100 Retailers in Asia-Pacific report by global market research company Euromonitor International, Alibaba generated sales of US$243.5 billion last year, up by about a quarter from US$196.9 billion in 2017. Alibaba owns the South China Morning Post. JD.com, China’s second… Source link

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China 

China’s courts ‘biased’ towards state giants due to political pressure, study shows

Chinese courts are under political pressure to protect state-owned enterprises as a new study found 63 per cent of legal cases involving such companies were suppressed by the government.The Chinese judiciary disclosed details of only 37 per cent of cases involving state-owned enterprises (SOEs) in a sample of mandated disclosures involving 5,370 cases between 2008 and 2016, according to the Chinese University of Hong Kong.Disclosures in the remaining cases were suppressed by the government,… Source link

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China 

China will need more than 35 years to upgrade to hi-tech manufacturing industry, study finds

China will only turn into an advanced manufacturing powerhouse in over 35 years at the current rate of progress despite the magnitude of the government’s industrial policy support for new domestic industries, according to a study by Renmin University of China in Beijing.Excess use of industrial subsidies, particularly by local governments, as well as poor implementation of anti-pollution standards, and the inability of the government to help small, private firms deal with short term operational… Source link

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Global 

China’s loans to rest of the world worth US$5 trillion, 6 per cent of global economy, new study reveals

The world’s debt to China grew tenfold between 2000 and 2017, according to new estimates from a German think tank, at a time when there are growing concerns about Beijing’s influence over global finance.As of 2018, the world owed more than US$5 trillion worth of debt to the government of China, or around 6 per cent of global economic output, according to a report published by the Kiel Institute for the World Economy last week.This is a huge increase from the US$500 billion owed in the early… Source link

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Property 

‘Unimpeachable’ study calls foreign ownership the primary culprit for housing unaffordability in Vancouver, a favourite destination for Chinese funds

A study has found long-sought evidence linking foreign ownership to extreme housing unaffordability in Vancouver, a Canadian city that has attracted waves of Chinese capital and millionaire migrants.The white paper by Josh Gordon, an assistant professor at Simon Fraser University’s school of public policy, found a near-perfect 96 per cent (or 0.96) correlation between various metro Vancouver municipalities’ price-to-income ratios (a common measure of unaffordability), and the proportion of… Source link

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China 

Shenzhen takes economic top spot – again – but Hong Kong is more liveable, study finds

Shenzhen was the most economically competitive city in China in 2018 for a fifth consecutive year but Hong Kong leads the pack in living environment, business environment and development sustainability, according to an annual ranking by a Beijing-based think tank.Shenzhen overtook Hong Kong as the most economically competitive Chinese city in the rankings for 2014 and has held on to the top spot since, with Hong Kong second.The list is compiled by the National Academy of Economic Strategy at… Source link

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Home 

Soy milk, toothbrushes and hair conditioner are biggest winners as more Chinese consumers opt for premium brands, says study

What do soy milk, electric toothbrushes and hair conditioner have in common? They are among the biggest beneficiaries of China’s consumption upgrade, according to global consultancy Bain & Company.The shift in spending by China’s expanding middle class towards more expensive, premium goods has led to a large increase in sales of these and other items, the firm said in a report based on research by Kanta Worldpanel China, which tracks of 40,000 Chinese households’ spending.Soy milk, made from… Source link

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Singapore 

Trying for kids? Wifi devices lower your chances, new study shows, Singapore, Health News

Hong Kong – A new study has found that exposure to Wifi connections lowers male fertility rates and reduces couples’ chances of having children by killing sperm, adding to mounting evidence that electromagnetic waves are harmful. The Japanese study, carried out between August and November last year on 51 men, is reportedly the first such trial that focuses on the effects of electromagnetic waves from Wifi devices such as mobile phones and home routers on sperm motion and death. Researcher Kumiko Nakata, from the Reproductive Medicine Research Centre at Yamashita…

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