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Focus on technology as China pursues “socialist modernisation”

November 11, 2020

BEIJING --  Technological advancement is the new focus of China's 2021-2025 Five-year Plan, says the global financial group, BBVA, in a summary paper of the Fifth Plenum of 19th Chinese Communist Party's Central Committee. "As we expected, the Five-year Plan does not mention an explicit growth target figure for the next five years, BBVA says.

Green shoots in Hong Kong economy as financial, trade sectors lift

November 17, 2020

HONG KONG -- Hong Kong's economy remains in the doldrums, but there are some green shoots in Q3 data and, even more so, October data, Natixis says in a market update, reflecting that prospects for the economy is likely to become brighter if the government can better bring COVID-19 under control and gradually reopen the border with mainland China.

Household consumption, exports drive Malaysia’s GDP recovery

November 13, 2020

KUALA LUMPUR - Malaysia's GDP growth for the third quarter of 2020 has improved to minus 2.72% -- from minus 17.1% in the second quarter. The improvement was driven mainly by household consumption and exports. ANZ Bank says the impressive performance notwithstanding, it is mindful of lingering challenges -- the recent tightening of local social containment measures, the new wave of infections in Europe and the US, and still weak discretionary spending.

Standard and Poor’s maintains confidence in Hong Kong economic outlook

September 30, 2020

HONG KONG - Hong Kong's economic outlook is stable, says ratings agency Standard and Poor's, reflecting its expectation that current fiscal deterioration is not structural, and that political developments between mainland China and Hong Kong--as well as between the U.S. and Hong Kong--will not materially jeopardise Hong Kong's strong economic profile.