Back in 2013, the Chinese government laid out a policy agenda that promised real reforms to an economy laden with debt and distorted by the influence of the country’s large state-owned enterprise (SOE) sector.
Vietnam’s numbers are looking impressive so far in 2018. The country’s business environment grew tremendously at the start of the year with over 26,000 new enterprises established. In addition to that, the government there highlighted that foreign direct investment (FDI) disbursement reached over US$3.8 billion in the first three months of this year, up 7.2 percent from 2017.
China's economy grew at its slowest rate in nearly three decades in the second quarter, according to a survey of analysts, hit by the United States (US)-China trade war and weakening global demand.The world's second largest economy expanded 6.2 percent in April-June, the poll of 10 economists predicted ahead of the official release of gross domestic product (GDP) figures Monday.The reading would mark the worst quarterly growth in almost three decades but stays within the government&
The World Economic Forum (WEF) wrapped up on Friday, closing out a week of panels, parties and sub-zero temperatures with more serious talk dominated by climate change and gloom over slowing growth.Here are some of the top quotes on key issues over the past week.Climate emergency"I am here to say our house is on fire." – Greta Thunberg, a 16-year-old Swedish teenager whose advocacy against global warming has inspired global youth.
China’s economic performance in 2018 was rather disappointing. According to official statistics, the country’s growth rate up to the end of the third quarter was 6.7 percent, the lowest since the global financial crisis. The real situation was probably even worse.A lack of progress on institutional reform, together with obstacles to structural adjustment, have been fuelling doubt among many foreign and domestic observers about China’s growth prospects.
With an improving global macroeconomic backdrop and relatively cheap valuations after a torrid 2018, the omens are looking better for Southeast Asian stocks next year.A likely pause in the Federal Reserve’s tightening cycle is already easing pressure on regional currencies, while lower oil prices are a boon for most markets.
Southeast Asia’s been home to almost half of the biggest growth drivers in the past half-century. To keep investors interested, it’ll have to make the right moves across technology, education and infrastructure, according to Diaan-Yi Lin, a senior partner at McKinsey & Co.Among 71 developing economies of the past half-century, 18 are responsible for the lion’s share of growth, with eight of those within Southeast Asia, a September McKinsey report showed.
Thailand’s economy grew faster than economists estimated last quarter, boosted by strong exports and rising tourist arrivals.Highlights of the GDP report Gross domestic product rose 4.3 percent from a year ago after expanding a revised 3.8 percent in the previous three months, the National Economic and Social Development Board said the median estimate of 19 economists surveyed by Bloomberg was 3.9 percent GDP rose a seasonally adjusted 1 percent in the third quarter compared with the previous
An economic boom that’s reverberated across Southeast Asia has finally crossed over to Thailand.The economy, which has lagged its neighbours this decade, is projected to have grown at the fastest pace in more than four years last quarter even as the baht surged.
