HONG KONG - Notwithstanding a number of growth headwinds, including tightening measures in the property market and accelerated capital outflows accompanied by faster-than-expected currency depreciation, China’s ongoing economic recovery appears to be more resilient than previously anticipated, says BBVA Research.
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SINGAPORE – China’s headline Q4 GDP grew stronger than expected, signalling a price recovery cycle, according to ANZ Bank. The number came in at 6.8% y/y, or 1.7% q/q on a seasonally adjusted basis.
HONG KONG - While the outcome is uncertain, it is clear that incoming President Trump’s attempts to shake up current bilateral relations between China and the U.S. will be a key theme for 2017 globally, says global asset manager Natixis.
SINGAPORE - Recent trade data show a notable rebound in exports in most Asian countries, even though China is somewhat a laggard, according to a new report from ANZ Bank, which suggests the end of a trade recession which has plagued the region since late 2014.
SINGAPORE - The number of negative outlooks for Asia-Pacific economies remains at a level not seen since the middle of 2010, when the region was still emerging from the global financial crisis, says S&P Global Ratings. Sovereign credit trends, however, continue to be stable in most economies in the region over the next one to two years.
SINGAPORE - "Chinese policymakers have three unpleasant policy options to consider to stem capital outflows, each of which comes at a cost: further depreciation, running down foreign-exchange reserves, or intensifying capital controls," says S&P Global Ratings economist, Vincent Conti.
BEIJING – The State newsagency, Xinhua, reports that, this spring, China’s textbooks will adopt the phrase “14-year Chinese People’s War of Resistance Against Japanese Aggression,” in place of the current wording, according to the Ministry of Education. China became the first country to fight against fascist forces when Japanese troops began their invasion of northeast China on September 18, 1931.
WASHINGTON— The World Bank Group today launched TCdata360, a free, open, and easy–to-use online platform that collects, analyses and visualises trade and competitiveness data. The website is designed to help policymakers, development practitioners, academics and citizens better understand critical issues, and to create more informed policies in the areas of trade, investment, innovation and the general economy.
SINGAPORE - The Foundry and Lightstone Ventures (LSV) have jointly launched Foundry SING1, Inc. to identify and address unmet clinical needs in Asia, leveraging on Singapore’s strong and growing medtech ecosystem.
BEIJING – China’s Producer Price Index (PPI) rose by 5.5% y/y in December, beating market expectations (4.6%) and mainly driven by a price recovery in coal, steel and non-ferrous metals, whose producer prices rose y/y by 34.0%, 35.0%, and 17.1%, respectively.
SINGAPORE – Yaacob Ibrahim, Singapore’s Minister for Communications, has provided another glimpse into Singapore’s impending cybersecurity law, saying that a key focus of his Ministry this year will be passage of the new Cybersecurity Act, foreshadowed in 2016 by Prime Minister Lee Hsien Loong.
NEW DELHI - According to the first advance estimates released by the Government, India’s GDP growth slowed to 7.1% y/y in FY2017, but despite demonetisation, the moderation in consumption was less than expected due to strong Government consumption. Nonetheless, ANZ Bank believes consumption growth is likely to be revised downwards in the next update.
Chinese e-commerce is set to grow by 15% by 2020, cementing its position as the biggest e-commerce market worldwide, according to a report issued by Worldpay, a leading payments company with global reach.
BEIJING - Growth in China’s service activity accelerated to its strongest rate in 17 months in December, with companies optimistic about prospects in 2017 on anticipated improvements in market conditions, a survey sponsored by Caixin shows.
HONG KONG - The tough time that Chinese banks are facing, especially in terms of asset quality, is not yet being fully reflected in their profitability, says global asset manager Natixis.
NEW YORK – IBM TODAY unveiled TS annual " IBM 5 in 5 " (#ibm5in5) - a list of ground-breaking scientific innovations with the potential to change the way people work, live, and interact during the next five years.
IBM believes that -
• With Artificial Intelligence, our words will open a window into our mental health;
• Hyperimaging and AI will give us superhero vision;
• Macroscopes will help us understand Earth's complexity in infinite detail;
• Medical labs "on a chip" will serve as health detectives for tracing disease at the nanoscale ; and that