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Vietnam tightens FDI rules as China/US trade tensions see more manufacturing relocating from China

September 11, 2019

HO CHI MINH CITY - In the context of escalating trade tensions between the US and China, more foreign and even Chinese manufacturers are moving their factories out of China to Vietnam, says Vietnam Asset Management (VAM) in its monthly newsletter for investors. "This gives Vietnam both opportunities and challenges," VAM says.

Why sentiment about Greater Bay is worsening, especially in Hong Kong

September 10, 2019

HONG KONG - The Hong Kong's economy is decelerating rapidly, partly because of the US-China trade war and a slowing Chinese economy, aggravated by recent social unrest. But among the uncertainties is the announcement for Hong Kong and Guangdong province in February of the "Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

China's exports up 2.6% in August, imports down 2.6%; hopes for trade deal?

September 9, 2019

BEIJING - China's exports of goods rose 2.6% YoY in August, while imports fell 2.6%, according to Chinese Customs data. The State newsagency, Xinhua, said the European Union remained China's largest trading partner in August, with bilateral trade volume up 9.7% from August 2018, followed by ASEAN, up 11.7%, and the US, down 9%.

Taiwanese corporate credit quality to dip as trade woes rise

September 4, 2019

TAIPEI -- Softer overseas demand and rising tariffs could lead to moderately weaker profitability and operating cash flow for Taiwan's major exporters in 2019-2020, but average corporate debt could improve slightly over the same period if capital spending and shareholder distributions remain moderate, according to Taiwan Ratings, a Taipei-based subsidiary of S&P Global Ratings.

China's growth to average 4.6% over next decade: S&P

August 30, 2019

SINGAPORE -- China's economy will grow at an average annual pace of about 4.6% over the next decade, according to an assessment  by S&P Global Ratings. After four golden decades of growth, China's economy will slow due to demographics, deleveraging, rebalancing from manufacturing to services, and simply becoming richer, which means less room for catch-up, S&P says. And although growth will slow, the reasons are natural and mostly healthy.

Financial ties between China banks and insurers raise systemic risk: S&P

August 20, 2019

HONG KONG -- Easing regulations have allowed China's insurers to increase holdings in bank-related assets, including capital instruments. But while this benefits banks that need capital, and insurers looking for yield and duration, growing financial-sector cross-holdings could multiply systemic risk, S&P Global Ratings said in a report published today.

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