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Consumption lifted Indonesia Q2 GDP, but investment slowed: Natixis

August 7, 2018

JAKARTA - The Indonesian economy accelerated to 5.3%YoY in Q2 2018 thanks to robust private consumption and government expenditure, which expanded 5.1%YoY and 5.3%YoY, respectively. This is the first significant pickup since 2013, but investment decelerated to 5.9%YoY in Q2 from 8%YoY in Q1 2018, suggesting that the V-shaped recovery remains elusive.

Trade war may affect China’s exports more than imports from US, says ANZ Bank

August 8, 2018

HONG KONG - China-US trade tariffs seem to have had more impact on China’s exports than its imports from the US, according to research conducted by ANZ Bank. July marks the first month since China and the US started to impose additional 25% tariffs on each other’s products worth US$34 billion (from July 6).

China: Fiscal and monetary policy easing to offset growth slowdown

August 3, 2018

HONG KONG - China’s economic growth moderated to 6.7%YoY in Q2, mainly due to a deceleration in investment and net exports. The growth of fixed asset investment reached a historical low of 6%YoY, with local infrastructure spending acting as a drag. Industrial value-added also weakened, especially in the old economy sectors like mining and utilities.

China forces cancellation of 2019 East Asian Youth Games in Taiwan

July 26, 2018

TAIPEI – Taiwan has condemned what it calls “China’s politically motivated pressure” on the East Asian Olympic Committee to cancel the 2019 East Asian Youth Games in central Taiwan’s Taichung City “in the strongest possible terms”. The move represented political meddling in sports, the Office of the President said, adding that “China’s irrational behaviour and the EAOC’s erroneous decision are extremely regrettable”. 

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