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China may need to lift private consumption, says ANZ Bank

July 13, 2018

 BEIJING - China’s trade surplus reached a six-month high in June, thanks to a significant slowdown in import growth – to 14.1% y/y from 26.0% in May. Growth in imports of mechanical and electrical products, which account for more than 40% of China’s total imports, slowed to 5.0% y/y in June compared with 23.6% in May. This reduced its contribution to overall import growth to 2.2% in June from 10.7% the previous month.

Moon moots “trilateral economic co-operation” between North, South Korea and Russia

June 26, 2018

SEOUL – South Korean President Moon Jae-in has held two rounds of talks with his Russian counterpart, Vladimir Putin, during a State visit to Russia, culminating in release of a joint statement of 32 ‘concrete’ clauses, focussing on “co-prosperity of the Korean Peninsula and Eurasia”. Moon said in a subsequent press conference that he and Putin “have agreed to increase our dialogue and co-operation for the goal of making it happen for the Peninsula and the Eurasian region as a whole, to enjoy peace and prosperity”.