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China names Xiongan New Area as new SEZ outside Beijing

April 3, 2017

HONG KONG - China’s has announced the establishment of a new economic zone 100 km south of the capital, Beijing. The Xiongan New Area will encompass three counties, Xiongxian, Rongcheng and Anxin, sitting at the centre of a triangle formed by the capital, Beijing; one of North China’s busiest port cities, Tianjin; and the capital of Hebei province, Shijiazhuang.

Asia-Pacific economies in solid start, but risks have widened: S&P

April 3, 2017

SINGAPORE - While Asia-Pacific economies have started 2017 on a solid note, a number of significant political developments in the region's Big Three economies will shape the baseline and risk scenarios this year and beyond, says ratings agency Standard and Poor’s, pointing to China's National People's Congress in mid-March, the Japanese Prime Minister's nomination to a third term as party head, and Prime Minister Modi’s victory in a key State election.

New data on China's economy reveals job losses, contraction

March 31, 2017

BEIJING - A large-scale, independent survey from the Cheung Kong Graduate School of Business (CKGSB) in Beijing has shed new light on the current state of the Chinese economy.  The most prominent change revealed in the survey of some 2,000 companies in China's industrial sector was a significant rise in product prices in Q4 2016, with production costs seen as the main driving factor.

China industrial profits near six-year high, but slowdown beckons

March 29, 2017

SHANGHAI - Profits at China’s major industrial companies rallied in the first two months of this year to pass the RMB 1 trillion (USD145 billion) mark for the first time on rising commodity prices. Industrial profits surged 31.5% on-year in January and February combined — the fastest pace in nearly six years — to RMB 1.02 trillion, the National Bureau of Statistics said.

Uncertainty in US trade tax policy tops credit risks In Asia: S&P

March 28, 2017

HONG KONG - The potential impact of the new US Administration's likely protectionist trade tax policies on Asia-Pacific exports, business activity, and issuer revenues has become the top credit risk for Asia-Pacific, according to S&P Global Ratings. It says the risk of the Trump Administration adopting a protectionist trade stance is “high and increasing”.

Growing China-Israeli business ties a “win-win” says Wahaha Chairman

March 27, 2017

BEIJING - Chinese companies are actively seeking mature technologies in Israel to bring to China to develop high-return businesses, according to the Chairman of Hangzhou Wahaha Group Co Ltd., Zong Qinghou. The Chairman of China's largest beverage producer said Israel's high-tech companies could find a huge market as well as funding in China.