Global 

China’s exporters welcome trade war truce, but worry about long-term outlook

China-based manufacturers have welcomed the news of a truce in the year-long trade war between Washington and Beijing, with a freeze on further tariffs.President Xi Jinping and his US counterpart Donald Trump confirmed the deal – reported earlier in the week – on the sidelines of the Group of 20 summit in Osaka on Saturday. The US will put on hold new duties on US$300 billion of Chinese goods, and the world’s two biggest economies will restart trade talks. Trump also offered to ease… Source link

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CK Asset says impact of protests on Hong Kong’s property market will be minimal, but trade war remains a long-term worry

The massive street protests triggered by the extradition bill will not have as big an impact on the city’s property market as the US-China trade war, according to a top executive of CK Asset Holdings, Hong Kong’s second largest developer.“There were only 20 days for consultation, which was obviously not enough,” said executive director Justin Chiu Kwok-hung on Tuesday, becoming the first major developer to publicly comment on the political issue that galvanised Hongkongers. “[The protests] show… Source link

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Vietnam 

Growing Chinese investment in Việt Nam: time to worry? – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Workers at China’s AKA Homewares Company in the southern Long An Province. VNA/VNS Photo Danh Lam   HÀ NỘI – Chinese companies are accelerating investment in Việt Nam – but some local businesses are voicing concerns.   Foreign investment hit a four-year high of US$16.7 billion in the first five months of this year, up 69 per cent compared to the same period in 2018. Chinese investment made up 42.5 per cent of the total according to data released by the Foreign…

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Hong Kong and China stocks tread lower as investors worry over economic outlook

Hong Kong and China stocks edged lower in early trading on Wednesday as uncertainties over the mainland’s economic outlook resurfaced.The benchmark Hang Seng Index fell 150 points, or 0.5 per cent, to 28,771.56, after rising 400 points gain in the previous session.The Shanghai Composite Index was marginally lower, losing 2.35 points, or 0.08 per cent to 3,057.96. As of Tuesday the index had gained about 23 per cent thus far this year, making it the world’s best performing equity gauge this year… Source link

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China, Hong Kong stocks drift as investors wait for deal on trade war, worry about global growth

Hong Kong and mainland stocks searched for direction in early trading Thursday as global growth concerns returned following cautionary comments overnight from the US and the Organisation for Economic Cooperation and Development.On the mainland, the Shanghai Composite Index eked out gains of 0.05 per cent, or 1.57 points, to 3,103.67, and the CSI 300 slipped 0.18 per cent, or 6.94 points, to 3,841.15.“[China] A-shares are taking a breather. Trump is rushing to have a trade agreement with China,… Source link

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China 

US-China trade war: gloomy exports give Beijing 3 reasons to worry | This Week In Asia

The dramatic and sharp contraction of China’s exports and imports last month has not only confirmed the downward trend of the Chinese economy, but also further raised the risks to its growth prospects amid the uncertainty over a possible full-blown trade war. China’s export growth in US dollar terms tumbled 4.4 per cent year on year in December, from 3.9 per cent growth in November and 14.3 per cent the month before. Meanwhile, imports fell 7.6 per cent from 2.9 per cent growth in November and 20.3 per cent in…

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Brexit chaos adds to global risks, but the No 1 worry comes down to economic growth

There is an academic experiment that demonstrates the “wisdom of crowds”. It consists of placing a large jar of jelly beans on a desk and asking a classroom full of people how many beans are in the jar. Of course, no one has any idea – they have to guess by looking at it.  The experiment reveals that, even though individual guesses may be wild, the average or median of the many guesses usually results in a remarkably close crowd estimate of the actual number of beans in the jar.…

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Why the euro zone is a bigger worry than China’s economic slowdown

For a snapshot of financial market anxiety about a global economic slowdown, look no further than the performance of the Dax, Germany’s benchmark stock market index, on Tuesday. In early morning trading, the gauge shot up in response to Beijing’s pledge of deeper tax cuts as part of its efforts to stimulate China’s economy. As exports account for more than 47 per cent of Germany’s gross domestic product, a recovery in China – Germany’s biggest trading partner outside the euro zone – is crucial to the country’s economic prospects. But…

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Don’t worry about amount raised, get out first – Chinese firms rush to list overseas, avoid 2019 headwinds

Vivien Han’s company went public in New York this summer, grabbing headlines in the Chinese media, and was considered another rising star that had successfully tapped the fast-growing Chinese consumer market. Han and her colleagues, however, did not consider the initial public offering (IPO) a success. “We had to cut the fundraising volume two times … market sentiment was not at its best. We suggested to our boss that maybe we should wait for a better window,” said Han. But the company’s founder insisted that they go ahead, regardless of…

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