Home 

Guangzhou-based Yuexiu Property warns of tougher times ahead after Beijing tightens screws on housing sector, slowing economy

Mainland developer Yuexiu Property posted a 63.2 per cent jump in first half core net profit, but warned that the outlook remains tough against the backdrop of a slowing Chinese economy and property cooling measures.“The government has been very clear that they want to steady the property sector and the price of land. Rising US-China trade tensions has also made the property market nervous,” Lin Zhaoyuan, chairman of the Guangzhou-based company, said at a news conference to announce the interim… Source link

Read More
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

Read More
China 

Beijing can take a tougher stance in trade talks with US at G20, Chinese economists say

China’s strong economic resilience means trade negotiators will be able to take a harder line during upcoming talks with Washington, according to researchers at a Chinese think tank.But they warned that Beijing should not go too far with retaliatory measures because the ultimate aim was to “bring the US back to the negotiating table”.The comments came just days before Chinese President Xi Jinping and his US counterpart Donald Trump are due to meet during the Group of 20 summit in Japan to try… Source link

Read More
Vietnam 

Exporters of farm produce face tougher standards in China – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Speakers chat during a break at a meeting on imports and exports of agroforestry products between Việt Nam and China held yesterday in HCM City. — VNS Photo Bồ Xuân Hiệp HCM CITY — Vietnamese exports of agricultural products must meet food safety, quality and traceability requirements to China which now requires that exports be sent through official channels only, speakers said yesterday at a meeting held in HCM City.  Trần Thanh Nam, deputy minister of Agriculture and Rural Development, said that Vietnamese producers must change their mindset about China and improve production to meet new market requirements. He noted that…

Read More
Singapore 

Peeping Tom caught filming in NUS hall shower: Thousands sign petitions calling for tougher action, Singapore News

Almost 30,000 people have signed two separate online petitions calling for the National University of Singapore (NUS) and the police to take tougher action against the man who filmed undergraduate Monica Baey in a shower at student residence Eusoff Hall last November. The first petition, which has more than 21,600 signatures and was started last Saturday (April 20), urged NUS to impose stiffer punishments on those who commit sexual offences on university campuses. The petition also called for the university to expel the man who filmed Ms Baey, and to…

Read More
Home 

From stocks and bonds to currencies, a sizzling first quarter can mean only one thing – tougher times around the corner

With Hong Kong’s biggest sporting event the Rugby Sevens starting on Friday, it would be churlish not to have a column on the sport played in heaven.  Nor would it be right to skip mention of one of the most interesting investment quarters in this economic cycle – for the bruising tackles and the breathtaking sidesteps of the game have been reflected in the emotional turbulence of the financial markets in the past three months. The quarter kicked off with very low expectations. The world… Source link

Read More
Home 

Chinese, Southeast Asian company executives more ready than their European peers to face tougher data-privacy regulation, study finds

Company executives in China and Southeast Asia are more confident than their European counterparts when it comes to how ready they are to face stricter rules over the use of consumer data, according to a new study by The Economist Intelligence Unit.American executives, however, believe they are the most prepared to tackle the challenges of rapidly evolving data-privacy regulations despite differing approaches “across states and industry sectors,” according to the survey.On a 1-to-10 scale, US… Source link

Read More
Home 

Chinese direct investment in US and Europe falls by 73 per cent to a six-year low as firms face tougher scrutiny

China’s direct investment into North America and Europe fell by almost three quarters in 2018 to a six-year low of US$30 billion, according to international law firm Baker McKenzie. One of the main reasons for the huge drop was the high number of deals that were cancelled or blocked by foreign regulators amid heightened scrutiny of Chinese firms’ acquisitions. Regulators pulled the plug on 21 Chinese takeovers last year, seven in Europe and 14 in North America, worth a combined US$5.5 billion, according to a report released by Baker McKenzie…

Read More
Property 

Chinese big spenders are curbing their offshore property shopping as tougher capital controls bite

Chinese property buyers are spending less in their offshore purchases in Sydney, London and New York, as a tightening of China’s draconian capital control regulations in the past year has reduced the amount of money they can remit overseas, sales agents said. “People who may have been looking for a 20-million pound (US$25.7 million) property are now looking to spend 12 million pounds, while people who were looking at 6 million pounds are now looking at 4 million pounds,” said Lulu Egerton, senior director at Strutt & Parker, the UK…

Read More
Home 

Asia faces tougher times than in previous two financial crises, warns Asian Infrastructure Investment Bank chief

The US-China trade war and rising global borrowing costs have brought headwinds more formidable than those during the two financial crises that hit Asia in the past two decades, according to the head of Asian Infrastructure Investment Bank (AIIB). Beijing and Asian governments must take measures to deal with the impact that has yet fully reveal itself, Jin Liqun, the president of the Beijing-based multilateral development bank backed by 87 member countries and territories, told the FT-AIIB Summit in Hong Kong on Tuesday. We certainly hope the trade war will…

Read More