ATI Newswire - Subscriber Only

China to establish new “Made in China 2025” national demonstration areas

July 20, 2017

BEIJING - China will establish national-level demonstration areas for its “Made in China 2025” plan, a blueprint to upgrade the country’s manufacturing sector. The national demonstration areas will be established in cities and city clusters in the eastern, central and western regions, according to a decision made at a State Council executive meeting chaired by Premier Li Keqiang.

Woolmark moving into second phase of promotion in India

July 19, 2017

GUJARAT – Australia’s Woolmark Company has announced the second phase of its successful "Grown In Australia, Made In India" initiative. The key campaign will continue to highlight the farm-to-fashion journey of Merino wool grown in Australia before being transformed into fashion pieces in India, championing both the woolgrowers of Australia and the handloom sector of India.

Vietnam’s GDP growth accelerates to 6.17%

July 18, 2017

HO CHI MINH CITY - After disappointing GDP growth in the first quarter of 5.15% YoY, Vietnam achieved  6.17% YoY for the second quarter, taking the figure for the first half to 5.73% YoY. Sector-wise, solid growth continued to be seen in the manufacturing and construction sectors (+10.5% YoY and +8.5% YoY in 1H, respectively), but the mining sector was still weak (-8.2% YoY) due to low oil prices.

Chinese overseas investment plunges 46% in first half

July 17, 2017

SHANGHAI - China’s nonfinancial outbound direct investment (ODI) dropped significantly during the first half of this year as companies spent less on overseas mergers and acquisitions. Caixin reports that Chinese companies spent US$48.2 billion as ODI from January through June, a decline of 45.8% from the same period in 2016, Commerce Ministry spokesman Gao Feng told a news conference.

Central Bank moves to keep liquidity stable in China

July 14, 2017

BEIJING - China’s central bank yesterday announced lending worth RMB360 billion (USD 53 billion) via the medium-term lending facility to keep liquidity stable. The loans will mature in one year with an interest rate of 3.2%, according to the People’s Bank of China.

The MLF was first introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank by using securities as collateral.

Vietnam’s growth up significantly to 6.17% for second quarter

July 13, 2017

HO CHI MINH CITY – After disappointing GDP growth in the first quarter (5.15% YoY), Vietnam achieved impressive growth of 6.17% in Q2, bringing the figure of the first half (1H) at 5.73%. Sector-wise, solid growth continued to be seen in the manufacturing and construction sectors (+10.5% YoY and +8.5% YoY in 1H, respectively), but the mining sector was still weak (-8.2% YoY) due to low oil prices.

Negative outlooks on Asia-Pacific economies remain elevated: S&P

July 13, 2017

SINGAPORE - The number of negative outlooks in Asia-Pacific economies remains elevated as global and regional uncertainties weigh on credit metrics, says ratings agency Standard and Poor’s. “Following the upgrade of the Indonesian sovereign credit rating to investment grade, none of the 21 ratings in the region currently record a positive outlook,” S&P says.

Pages