Friday, April 18 2014 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
WASHINGTON - The US Treasury Department has again said that China cannot be ruled as a currency manipulator, but that the pace of RMB's appreciation has been insufficient. According to the latest US Treasury report, the yuan appreciated by 2.9% against the US dollar in 2013, and China's current account surplus declined to 2.1% of GDP in 2013, down from 2.3% of GDP in 2012 and from a peak of more than 10% in 2007.
BEIJING - While China’s first quarter GDP growth moderated to 7.4% y/y from 7.7% in the previous quarter, in line with expectations, in sequential terms, the slowdown was more pronounced, at 1.4% q/q sa from 1.7% q/q sa in Q4, according to BBVA Bank. “The weak GDP outturn reflects subdued exports,” BBVA said.
JAKARTA - In a dramatic turn of events, Indonesian politics finds itself in state of flux ahead of crucial Presidential elections on July 9. Early poll tallies, often a reliable indicator of actual outcomes, of Indonesia’s April 9 Parliamentary elections point towards a likely fragmented make-up in the House of Representatives, one characterised by a hotchpotch of Coalition parties.
NEW DELHI - The BJP-led NDA coalition, of which Narendra Modi is the Prime Ministerial candidate, has increased its lead further in the most recent polls, which now point to a potentially strong, Modi-led Coalition government, even though they will still have to partner with some large regional parties after final results are posted on May 16. In an update on the polling, ANZ Bank says it does seem likely that a BJP-led NDA coalition will form Government.
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Australia-China Business Week 2014 – Guangzhou (May 26-28), Shanghai (May 29-30) - Hilton Guangzhou Tianhe Hotel
Organised by Australian Business Forum, ACBW 2014 Guangzhou-Shanghai is supported by the NSW Government, Austrade, the Department of Foreign Trade and Economic Co-operation of Guangdong Province, CCPIT Guangdong and the SME Association Guangdong.
EP China 2014, Beijing
The 15th International Exhibition on Electric Power Equipment and Technology is expected to attract 1,000 exhibitors from more than 20 countries and regions, and more than 25,000 trade visitors from China and overseas.
The Thailand Board of Investment is offering a buyer support programme for companies attending Thailand’s leading industrial subcontracting exhibition. Around 300 industrial subcontractors will be showcasing their capabilities. More than 20,000 industrial parts buyers from 15 countries attended SUBCON THAILAND 2013.
Running alongside the exhibition is a Business Matchmaking Programme for buyers sourcing parts or components in Thailand or seeking Thai business partners. One-on-one meetings can be arranged.
