Vietnam 

A broader view on Gov’t guarantees required – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News By Võ Trí Thành* For many years, Việt Nam’s Government has been acting as a guarantor for a lot of investment projects. This has increased confidence of both lenders and investors in the implementation and success of the projects. However, experts recently argued that because public debts are rising, private companies should carry out infrastructure projects without Government guarantees. So are the Government’s sovereign guarantees necessary anymore, when the country still needs capital for infrastructure development? It is undeniable that foreign loans have contributed…

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China 

United States view new efforts to rein in China’s ‘mercantilist’ trade practices via WTO as ‘unrealistic’

Negotiating new World Trade Organisation rules to try to rein in China’s “mercantilist” trade practices would be largely a futile exercise, the Trump administration’s trade office said, vowing to pursue its unilateral approach to protect US workers, farmers and businesses. In an annual report to the United States Congress on China’s World Trade Organisation (WTO) compliance, the US Trade Representative’s (USTR) office said it would be “unrealistic to expect success in any negotiation of new WTO rules that would restrict China’s current approach to the economy and trade in a…

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China 

China bulls echo Wang Qishan’s view from Davos: China’s economy is fine

China has just reported its slowest growth in nearly three decades, but some analysts are still confident that the economy is not close to tanking. China bulls are not as common as they used to be, but those that remain echo the views of Vice-President Wang Qishan, who told the World Economic Forum on Wednesday that “growth will continue and be sustainable”. “We believe that we haven’t reached the end, we are actually pursuing more sustainable growth,” Wang told the annual gathering of elites in Davos. China’s 2018 growth weakened…

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Home 

The danger in 2019: markets’ dim view of the economy may become a self-fulfilling prophecy

At the end of a calendar year, it’s natural to take stock of the past year and adjust one’s expectations for the future. At the close of 2018, that process was rather unpleasant for most of us and raised more questions than it answered. Why was 2018 so tough for risk assets? Does the market know something we don’t about the economy in 2019? And, if the economic outlook is relatively stable, but markets are still moving in a risk-averse direction, is there a point at which deteriorating expectations for…

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