South Asia Remains World's Fastest Growing Region, but Should Be Vigilant to Fading Tailwinds
April 10, 2016--Economic growth expected to gradually accelerate to 7.3 percent in 2017 from 7.1 percent in 2016
Led by robust growth in India, South Asia shows resilience in the face of turbulent international markets and remains the fastest-growing region in the world, with economic growth forecasted to gradually accelerate from 7.1 percent in 2016 to 7.3 percent in 2017, a World Bank report said.
According to the twice-a-year South Asia Economic Focus, the region's economic performance prospects remain strong due to its limited exposure to global turbulence, coupled with increasing investment activity.
view the South Asia Economic Focus, Spring 2016: Fading Tailwinds report
Source: World Bank
China's robot army set to surge
April 8, 2016--China's uptake of industrial robots is set to rise rapidly in the coming years as higher labour costs and the heightened aspirations of workers push manufacturers to embrace automation.
The development may add to fears that workers in poorer countries are most in danger of being displaced by automation, with analysis by Citi and the Oxford Martin School, a research and policy unit of the UK university, published earlier this year suggesting that more than 75 per cent of jobs in China are at a "high risk" of computerisation.
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Source: FT.com
BetaShares/ Investment Trends ETF Report 2015
April 6, 2017--A record number of Australian investors are currently using exchange traded funds (ETFs) according to the BetaShares/Investment Trends ETF Report released today.
The BetaShares/Investment Trends ETF Report is the leading quantitative research study of Australian ETF users, based on responses of 9,418 investors and 676 financial advisers. The Report contains insights about the size and growth of the ETF industry in the 12 months to October 2015, including insight into the investment behaviour of retail investors, SMSFs and financial planners.
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Source: BetaShares
BetaShares Weekly Newsletter-Global Market Outlook: April 2016-the Fed rally continues
April 5, 2016--A very cautious United States Federal Reserve has been the major driver of global markets in recent months.
The Fed's "dovishness"-or hesitancy about raising interest rates despite America's ongoing economic recovery-has supported equity returns relative to bonds, and helped push up the Australian dollar.
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Source: BetaShares
Asian Development Outlook 2016-Fast Data
April 1, 2016--Steady growth in Asia: Developing countries in the region are projected to grow at 5.7% in both 2016 and 2017, down slightly from 5.9% in 2015.
Higher prices in Asia: Regional inflation dropped to 2.2% in 2015 but should increase to 2.5% in 2016 and 2.7% in 2017.
East Asia taps the brakes. Growth slowed to 6.0% in 2015 and is forecast to decline further to 5.7% in 2016.
Inflation climbing in East Asia. Inflation fell to 1.3% in 2015 but should rise to 1.6% in 2016 and 2.0% in 2017.
Chinese economic growth moderating. In the People's Republic of China, growth is expected to drop from 6.9% in 2015 to 6.5% in 2016 and 6.3% in 2017.
Booming South Asia. Growth in South Asia accelerated to 7.0% in 2015 and is predicted to increase further to 7.3% in 2017 after dipping to 6.9% in 2016.
view the Asian Development Outlook 2016: Asia's Potential Growth report
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Source: Asian Development Bank (ADB)
SAFE buys into A-share market to perfect forex management
April 1, 2016--Analyst says Wutongshu is playing key role in management of foreign exchange reserves
The State Administration of Foreign Exchange has started to allocate funds through its investment platform in the mainland's A-share market, a move believed to perfect its foreign exchange management and promote the development of the domestic capital market, experts said.
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Source: chinadaily.com.cn
China's muni bond market launches with a bang
April 1, 2016--Concerns remain as to whether initiative can clean up local government balance sheets
Decades of poor supervision and a dysfunctional fiscal transfer system have turned China's gargantuan local government debt into one of the biggest threats to the country's economic growth.
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Source: FT.com
S&P Cuts China's Rating Outlook as Reforms Falter
March 31, 2016--The New York-based international ratings agency Standard & Poor's revised China's sovereign debt outlook down to negative, citing high levels of state and corporate indebtedness, which were mismatched with the country's slower pace of expansion amid Beijing's insufficient progress developing and implementing economic reforms.
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Source: sputniknews.com
Yangon Stock Exchange in Myanmar officially starts trading
Only one company-First Myanmar Investment(FMI)-is listed on the exchange.
March 25, 2016--Myanmar's first modern stock exchange, the Yangon Stock Exchange (YSX), officially started trading on Friday (Mar 25), months after it opened in December.
"We have a very good beginning," Dr Maung Maung Thein, chairman of Myanmar Securities and Exchange Commission and outgoing deputy finance minister, said.
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Source: channelnewsasia.com
International investors welcome Shenzhen and Hong Kong connect
Official confirmation of scheme launch seen as signal to outside world that the Chinese stock market is back to normal
March 24, 2016--Fund managers and brokers welcomed official confirmation that the Shenzhen and Hong Kong stock connect scheme would launch in the second half of this year, citing a desire by both retail and institutional investors to participate in the smaller of the two mainland bourses.
Fang Xinghai, vice chairman of the China Securities Regulatory Commission said last week that the Shenzhen-Hong Kong stock connect programme would kick off in the second half of this year.
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Source: South China Morning Post