HONG KONG – ANZ Bank sees China's growth momentum picking up only modestly in Q4, as massive policy easing is unlikely. “We maintain our GDP forecast at 7.5% for the whole year of 2014, and China's economy will grow 7.5% in Q4,” the bank says.
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SEOUL – South Korea’s President, Park Geun-hye, has called for ongoing high-level contact to be used as an opportunity to improve inter-Korea relations. “People say: ‘Dialogue is needed, even when at war’. We need to continue to talk in order to ease the tension and to build peace on the Korean Peninsula,” she said.
HONG KONG - China’s third quarter GDP growth came out at 7.3% y/y, slightly down from 7.5% y/y in the previous quarter while above market expectations. In sequential terms, Q3 GDP expanded at a pace of 1.9% q/q sa, decreasing from 2.0% q/q sa in Q2.
TAIPEI - Taiwan’s export orders increased 12.7% on-year in September to a record US$43.31 billion, bolstered by robust global demand for handheld devices, according to the Ministry of Economic Affairs. It was the eighth consecutive month of growth and the best in three-and-a-half years.