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SAIGON – MobiFone has made debut 5G networks and services for customers in Ho Chí Minh City, Da Nang and Hai Phong. NAYPYIDAW – The Myanmar investment board approved 154 foreign investment projects during the period of October 2019 to 3 April 2020, bringing 121 manufacturing investments, 12 services and six power supplying projects to Myanmar. SEOUL – Foreigners owned 2.49 million square kilometers of land in Korea as of the end of 2019, 3% more than the year before. Americans owned about 52%, followed by the Chinese, the Japanese and the Europeans. In terms of value, foreigners owned KRW30.78 trillion worth of land, an increase of 2.9%. |
Industry Snapshot
Spotlight
Weng Ma Railway running across fields in Quizhou, China.
Photo courtesy of China Railway Construction Co., Ltd. 20 May 2020
Tiles of paddy fields in the midst of spring farming in Jalaid Banner, Hinggan League, Inner Mongolia. China.
Photo courtesy of Xinhua News Agency.
5 May 2020
What to watch
18 Apr 2020 - China registered a per capita disposable income of RMB8,561 in the first quarter, increasing 0.8% in nominal value but dropping 3.9% in real term.
17 Apr 2020 - The 127th China Import & Expo Fair (Canton Fair) is scheduled to open online on 15 June for ten days. 2 Apr 2020 - CCPIT Guangzhou Sub-Council has compiled a list of manufacturers producing medical materials and goods - the Epidemic Prevention and Control Suppliers or Manufacturers in Guangzhou, First Edition. 26 Mar 2020 – China has set the target price of Xinjiang-grown cotton at an average price of RMB18,600/ton starting from 2020, adjustable once every three years. |
Allianz Research: Voice of the CFO - Navigate Through Uncertainties
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Up-dating China economics
Time: Jan-Mar 2020 Retail sales of consumer goods: RMB7.8580 trillion (-19.0% year-on-year) of which: - Urban: RMB6.7855 trillion (-19.1%) - Rural: RMB1.0725 trillion (-17.7%) - Restaurant sales: RMB602.6 bn (-44.3%) - Retail sales: RMB7.2553 trillion (-15.8%) of which: - Foodstuff: RMB385.8 billion (12.6%) - Drinks: RMB46.8 billion (4.1%) - Clothing, footwear, knitted wear: RMB225.2 billion (-32.2%) - Jewelry: RMB42.9 billion (-37.7%) - Household electronics, audio-video products: RMB138.9 billion (-29.9%) - Petroleum and products: RMB362.7 billion (-23.5%) - Automobiles: RMB632.6 billion (-30.3%) - Construction and decoration goods: RMB27.8 billion (-23.9%) Source: National Bureau of Statistics of China |
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A matter of fact -
China's 17 pilot free trade zones (FTZs): - Shanghai (approved in 2013) - Tianjin (2014) - Guangdong province (2014) - Fujian province (2014) - Liaoning province (cities of Dalian, Shenyang, Yingkou) - Henan province (Zhengzhou, Kaifeng, Luoyang) - Zhejiang province (Zhoushan) - Hubei province (Wuhan, Xiangyang, Yichang) - Chongqing (Liangjiang, Xiyung, Guoyuan) - Sichuan province (Chengdu) - Shaanxi province (Xi'an) - Shandong province (2019) - Jiangsu province (2019) - Guangxi Autonomous Region (2019) - Hebei province (2019) - Yunnan province (2019) - Heilongjiang province (2019) |