China 

China’s unsustainable debt levels may trigger large-scale corporate defaults, OECD warns

Risks of large-scale corporate defaults are mounting in China, despite economic growth that “remains robust by international standards”, according to a new report.The Paris-based Organisation for Economic Cooperation and Development (OECD) found that sagging domestic demand and weak export orders have led Chinese authorities to swiftly resort to stimulus measures, through expansionary monetary policy, tax cuts and infrastructure spending.The OECD is an influential intergovernmental economic… Source link

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Home 

The ‘unsustainable’ price of lab-grown diamonds has collapsed 60 per cent, says De Beers, after stunning industry with synthetic stones for jewellery

Wholesale prices for lab-grown diamonds have fallen by up to 60 per cent since De Beers began selling synthetic stones for jewellery in September, CEO Bruce Cleaver said on Thursday, adding margins for the sector would continue to fall.De Beers, part of mining group Anglo American, shocked the diamond industry last year when it announced it was reversing a decades-old policy of selling natural diamonds only for jewellery and synthetic stones for industrial uses.Its Lightbox brand, created for… Source link

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Vietnam 

HCM City real estate market lopsided, unsustainable: HoREA – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The HCM City housing market showed signs of unsustainability in 2018 due to an imbalance between supply and demand. — Photo cafeland HCM CITY — The HCM City housing market showed signs of unsustainability in 2018 due to an imbalance between supply and demand, a property industry business group said. In a review of the market in 2018 and forecasts for 2019, the HCM City Real Estate Association (HoREA) said there was excess supply in the high-end…

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