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China non-financial FDI into US soars by 235%, into Australia by 188%, from Jan-April

May 19, 2016

BEIJING - Data from China’s Ministry of Commerce shows that China’s nonfinancial outbound direct investment to the United States soared by 235.7% during the January-April period from the same period a year ago, confirming Chinese investors’ increasing appetite for US companies. Australia was another major destination for Chinese outbound investment, jumping 188.1% year-on-year.

China sets 7% growth target for manufacturing as sector falters

May 20, 2016

SHANGHAI - China has set a target to achieve 7% annual growth for its manufacturing industry during the 2016-18 period, the National Development and Reform Commission said. A statement jointly issued by the planning agency and the Ministry of Industry and Information Technology said also that a goal of 15% annual growth has been set for technology investment over the period.

BBVA says China recovery temporary, tips 5.8% growth in 2017; global growth outlook low, fragile

May 16, 2016

HONG KONG – In its latest quarterly outlook, BBVA Research is revising its 2016 full-year growth projection for China up slightly from 6.2% to 6.4%, reflecting what it calls “the stronger-than-expected growth momentum of late”. But BBVA expects the ongoing growth recovery to be short-lived, and is keeping its growth projection for 2017 unchanged at 5.8%, “suggesting a protraction of the structural slowdown”.

Indonesia surprises with trade surplus on weaker imports

May 16, 2016

JAKARTA - Indonesia’s trade balance remained in surplus over April but narrowed significantly. Both imports and exports continue to post significant year-over contractions, a dynamic ANZ Bank says it does not see changing any time soon -  given that the boost to China’s economic activity in March, which Indonesia’s commodity exports are so leveraged to, appears to have been fleeting.

2016 outlook for ASEAN banking systems stable, says S&P

May 12, 2016

SINGAPORE – Ratings agency Standard & Poor’s expects bank loan growth in 2016 to reduce in most ASEAN economies due to a slowdown in the regional economies. "Loan growth in Malaysia could moderate to 6%-8% in 2016, from a five-year average of 10%, amid unfolding external uncertainties about the pace of US Fed rate normalisation and the economic rebalancing in China," the agency says.

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