![]() ![]() He also said China is open for business, notable comments in light of China recently posting the first quarterly deficit in foreign direct investment since records began in 1998.Īt a private lunch in Davos on Tuesday Li and People's Bank of China Governor Pan Gongsheng later met business and finance leaders, including JP Morgan CEO Jamie Dimon, Bank of America CEO Brian Moynihan, and Blackstone CEO Steve Schwarzman. On the broader GDP level, quarterly growth is expected to have slowed to 1% in the October-December period from 1.3%, while the annual rate of growth rose to 5.3% from 4.9%, largely due to base effects.Ĭhinese Premier Li Qiang in Davos on Tuesday said GDP growth was probably around 5.2% last year. The latest house price and unemployment figures will also be released. Reuters polls suggest annual investment and industrial production growth rates in China held steady in December from the previous month, while retail sales growth slowed. Fortress Nightas Fortnite is known in Chinawas originally introduced to the Chinese market in 2018 as a beta version, but regulatory approval for a full launch in the country never materialized. Indonesia's central bank also announces its latest interest rate decision. This is likely to spill over into Asia on Wednesday, where the focus will be centered on the Chinese economic 'data dump'. Global risk appetite was dented after Federal Reserve Governor Christopher Waller on Tuesday indicated interest rate cuts could come later and be implemented more slowly than markets have been positioning for. The MSCI Asia Pacific ex-Japan equity index slumped 1.8% on Tuesday - its steepest fall in nearly six months - and Wall Street's slide will help ensure that sentiment remains fragile on Wednesday.Īsian stocks ex-Japan are now down 5% this year, and emerging market stocks are off to their worst start to a year since 2016. The quake warning information service has already been available in parts of Sichuan, Yunnan, and Fujian, which sits in the quake zone along China's southeast coast.Īccording to an official with the administration, the early warning and instant seismic intensity reporting systems will cover five of China's most quake-prone areas by 2023, including north China and a south-north earthquake belt that stretches across Sichuan and Yunnan.Ĭhina will also accelerate the pilot program of earthquake early warning system for high-speed railway, said the official.(Reuters) - A look at the day ahead in Asian markets.Ī raft of top-tier Chinese economic indicators for December, culminating in Q GDP, takes center stage in Asia on Wednesday, with global markets under heavy selling pressure from a sharp rise in the dollar and U.S. Last year between Nov 1 to 11, Alibaba alone generated around 78.1 billion in. It can also report the seismic intensity of an earthquake within a minute of its occurrence. 2020 (Nov 1 11) was the biggest Singles Day event till date for Alibaba and China, breaking all previous records. The Beijing-Tianjin-Hebei region in north China, as well as southwest China's Sichuan and Yunnan provinces, will take the lead in establishing their early warning systems that can inform the public of upcoming earthquakes with countdown in seconds.Įxpected to boost quake mitigation, the system can send alerts through various devices including TVs, mobile phones, and warning terminals. 8 (Xinhua) - China aims to complete the building of pilot earthquake early warning and instant seismic intensity reporting systems in several high-stake regions this June, the China Earthquake Administration said Friday. ![]()
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