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China's consumer market to maintain stable growth in 2019: Commerce Ministry

January 4, 2019

BEIJING - Consumption is expected to remain the largest contributor to China's economic growth in 2019, a Ministry of Commerce official said. China's State newsagency, Xinhua, said consumption is expected to contribute 65% of economic growth in 2019, with an expected 9% increase in total retail sales of consumer goods. www.webershandwick,cn (ATI).

China indicates clearer direction for sustainable Toll-Road development

December 30, 2018

SINGAPORE - Recently-proposed reforms in China clear up some of the policy risk for toll-road investments and operations, and are generally credit neutral to positive for the sector, according to S&P Global Ratings, which  believes the proposals highlight the Central Government's attempts to balance its goal of containing logistical costs while also assuring the long-term sustainability of the toll-road sector.

Inter-Korean rail, highway network reconnected for first time in 70 years

December 31, 2018

SEOUL - For the first time in 70 years, roads and railways connecting the two Koreas have been reconnected, laying the foundation for the Northeast Asian Railway Community proposed by South Korea's President, Moon Jae-in. The two Koreas held a ground-breaking ceremony on December 26 at Panmun Station in the North Korean border city of Gaeseong for the connection and modernisation of inter-Korean railways along the western Gyeongui and eastern Donghae rail lines. 

North Korea’s Kim Jong Un 'strongly hoping to visit Seoul'

January 1, 2019

SEOUL - In a personal letter to South Korea's President, Moon Jae-in, North Korean leader Kim Jong Un has expressed his intent to hold inter-Korean meetings more often and to work together for peace, prosperity and denuclearisation of the Korean Peninsula. In the letter, Kim expressed disappointment for not making a reciprocal trip to Seoul this year, but expressed a strong willingness to eventually do so, according to a spokesperson for the South Korean President.