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China Mainland wine imports up 13%, with French wine leading

March 15, 2018

HONG KONG - A consumer survey commissioned by the HKTDC on mainland wine consumption found an increasingly demanding market that prefers red wine. Surveying 2,400 consumers in 10 mainland cities: Beijing, Shanghai, Guangzhou, Chengdu, Wuhan, Shenyang, Nanjing, Harbin, Suzhou and Yantai, the study found that other types of wine remain a niche market on the mainland.

Immense potential to grow Australian-ASEAN trade, says new report

March 13, 2018

SINGAPORE - ASEAN as a group is Australia’s third biggest trading partner after China and Europe, but there is immense potential to grow, says ANZ Bank in a special report released ahead of the 2018 ASEAN Summit, being hosted by Australia in Sydney. “Although existing trade in goods and services is strong, much of it is concentrated in four of the 10 ASEAN countries,” the report says.

Infrastructure finally coming in Indonesia, with SOE financing a key

March 12, 2018

JAKARTA - Indonesia’s pent-up demand for infrastructure is finally getting the support it needs, says Natixis in a new report card on the Indonesian economy. The report analyses Indonesia’s infrastructure demand and supply from a bottom-up perspective to examine the macroeconomic implications of the archipelagos’ building push, compiling a comprehensive list of the Government’s priority infrastructure projects and their financing needs.

China to upgrade ASEAN partnership, committed to South China Sea peace: Foreign Minister

March 8, 2018

BEIJING - China looks to upgrade the strategic partnership and build a closer community of shared future with ASEAN, Foreign Minister Wang Yi said today.. China would continue to put co-operation with ASEAN high on its agenda of international co-operation this year, Wang told a press conference on the sidelines of the annual session of the National People's Congress.

Belt and Road Initiative to follow international rules: Chinese Foreign Minister

March 8, 2018

BEIJING - China is on a long march to modernisation and has no need or intention to replace the United States' international role, Chinese Foreign Minister, Wang Yi, said today. "Some Americans allege that China will replace America's role in the world. This conclusion is fundamentally wrong." The State newsagency, Xinhua, quoted Wang as saying.