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China's economy grows by 6.9% in 2017
January 18, 2018--China's economy grew by 6.9% in 2017 according to official data-the first time in seven years the pace of growth has picked up.
The figure beats Beijing's official annual expansion target of about 6.5%.
China is a key driver of the global economy and so the better-than-expected data is likely to cheer investors around the world.
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Source: bbc.com
China fake data lead to hidden economic rebound
Recovery's true scale not recorded because numbers were inflated to mask earlier slowdown
January 15, 2018--China,s carbon emissions are rising, foreign executives report they are seeing strong growth and luxury cars form long lines outside top hotels in cities where coal is king.
But the country's economic growth for 2017, due for release on Thursda,, is unlikely to reflect the revival because previous data never...
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Source: FT.com
Renminbi strengthens 0.6% as China's central bank flags drop in liquidity
January 15, 2018--China's renminbi firmed as much as 0.6 per cent to the strongest level in more than two years on Monday as the country's central bank loaned out nearly Rmb400bn ($62.2bn) in response to what it described as a "relatively large" decrease in the banking system's liquidity.
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Source: FT.com
China Premier Li says 2017 GDP growth expected around 6.9 percent
January 10, 2018-- China's Premier Li Keqiang said the economy is expected to have grown around 6.9 percent last year, the official Xinhua news agency reported, accelerating from a 26-year low the year before.
In the past year, China's economy has maintained a steady and favorable trend, with the overall situation better than expected, Li said at the Mekong-Lancang Cooperation Forum on Wednesday.
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Source: Reuters
World Bank-Global Economic Prospects in South Asia: Broad-Based Upturn. For How Long?
January 9, 2018--Recent developments: Growth in South Asia slowed to a still strong 6.5 percent in 2017, in part reflecting businesses' adjustment in India to the country's new Goods and Services Tax and to the adverse impacts of natural disasters across the region.
India is estimated to grow 6.7 percent in fiscal year 2017/18, which ends March 31, slightly down from the 7.1 percent of the previous fiscal year. This is due in part to the effects of the introduction of the Goods and Services Tax, but also to protracted balance sheet weaknesses-including corporate debt burdens and non-performing loans in the banking sector-weighing down private investment.
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Source: World Bank
World Bank-Global Economic Prospects: East Asia and the Pacific
January 9, 2018--Recent developments: Growth in developing East Asia and Pacific strengthened slightly in 2017 to 6.4 percent from 6.3 percent in 2016. The pickup reflected better-than-expected external conditions-an expansion of global activity and trade, a recovery of commodity prices, and benign financing conditions.
The region accounted for more than a third of global growth in 2017, mostly due to China. Investment in the region, excluding China, showed signs of a cyclical upturn following several years of weakness. Trade flows recovered markedly across the region, and regional financial markets remained stable.
Growth in China advanced modestly to 6.8 percent in 2017, mainly due to an acceleration of exports as global demand solidified. China’s economic rebalancing continued, with consumption growing faster than investment and services faster than industry.
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Source: World Bank
The First Public Issuance of Belt and Road Panda Cooperate Bonds Launched by SZSE
January 9, 2018--Recently, China Securities Regulatory Commission ("CSRC") granted permission to the public issuance of the Belt and Road Cooperate Bond of Puluosi Luohua China Overseas Holdings (Hong Kong) Co., Ltd. ("Puluosi Belt and Road Bond") following the pre-approval of the issuance by Shenzhen Stock Exchange ("SZSE"), marking the launch of the first Belt and Road panda cooperate bonds.
The launch of the panda corporate bonds was a significant step taken by SZSE, as guided by CSRC, in response to the national strategic arrangements, to orderly expand the opening-up of the financial market, steadily push forward the internationalization of RMB, optimize the allocation of financial resources and enhance the capability of the capital market to serve the real economy.
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Source: Shenzhen Stock Exchange (SZSE)
IMF Country Focus-For Vietnam, Greener Growth Can Reduce Climate Change Risks
January 9, 2018--Higher global temperatures, rising sea levels, and more frequent and more intense extreme weather events are taking its toll on the Vietnamese economy and its people, as seen by the recent November flooding caused by Tropical Cyclone Damrey. How the country adapts and develops innovative solutions to mitigate the impact of climate change will be key.
By 2100, climate change could impact more than 12 percent of the Vietnamese population and reduce growth by 10 percent. The Vietnamese government considers the response to climate change a vital issue and has implemented environmental policies to better cope with these risks.
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Source: IMF
Thailand's Regulators Allow Bitcoin Futures Trading
Investors in Thailand can now trade bitcoin futures listed on the Chicago Mercantile Exchange and the Chicago Board Options Exchange.
The country's financial authorities say that these instruments should be offered in Thailand and one company is already offering them to their customers.
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Source: news.bitcoin.com
Hang Seng Indexes launches Hang Seng SCHK New Economy Index
January 8, 2018--Hang Seng Indexes Company Limited ("Hang Seng Indexes") today launched the Hang Seng SCHK New Economy Index.
The index aims to reflect the performance of companies available for southbound trading under the Stock Connect scheme that operate in 'New Economy' industries.
The new index provides a reference benchmark for investors who are interested in companies focusing on services and innovative technology.
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Source: Hang Seng Indexes Company Limited
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