Even as an attempt to shore up the market, this move is destined to be counter-productive as it sends all the wrong signals to foreign institutional investors, who are already nervous though typically more reliable long-term holders of securities than Chinese retail investors, who regard the market as an extension of the casinos of Macau. … [Read more...] about What ails the Chinese economy?
China economy 2015
China perhaps views India as part of a larger pan-Asian riposte to Mr. Trump’s America First doctrine. Beijing is also re-engaging with Japan, South Korea and ASEAN to make Asia the pivot of a new wave of globalisation. After the Wuhan summit, Chinese Prime Minister Li Keqiang visited Tokyo for a trilateral summit. Japan, South Korea, and China batted for Regional Comprehensive Economic Partnership, a free trade bloc which not only covers the three countries but also knits the ASEAN with other major economies of the region including India, Australia and New Zealand. … [Read more...] about Wuhan’s promise
The original 12-member agreement was known as the TPP and was a signature trade policy of the Obama administration. Obama was unable to secure Congressional support for the deal. Following the US withdrawal, the remaining 11 countries renegotiated parts of the TPP, removing some of Washington’s demands. In March, they signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), also known as TPP-11. … [Read more...] about End of ties: After WHO announcement, a look at international agreements that US has quit under Trump’s presidency
On account of the registration fee cut, however, many dealers say that the Honda CR-V will lose many of its advantages and even have to join a price war with domestically assembled vehicles. CR-V vehicles are now priced between VND983 million ($42,700) and VND1.1 billion ($47,500), and customers in Hanoi have to pay VND118-131 million ($5,100-5,700) registration fee, while customers only need to pay about VND60 million ($2,600) for a locally built rival Mazda CX-5 or a Hyundai, as registration fees have been cut by 50 per cent for domestically-produced cars. This shows that the future of Honda CR-V in Vietnam is uncertain as price is still a determining factor in sales in the market. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30
Hong Kong was spared, although China’s securities watchdog did ask for information on investors taking short positions against mainland companies listed on the local international stock exchange. After that the city did get harsher with financial critics, however, fining Moody’s for a critical report in 2016 and banning short-seller Andrew Left. Now Beijing plans to insert its security organs directly into Hong Kong. First they will come for the protesters and their supporters. If the city’s economy and markets are wrecked in the process, they’ll have an excuse to go after the investors. … [Read more...] about Breakingviews – Hong Kong financiers face Man Group’s terror